Well it’s almost summer and things are starting to heat up a bit...except Bitcoin. As is with the fall leaves the gradual slip into geriatric measures is inevitable. I spent a couple hours today browsing charts and timeframes on anything with a pulse. I usually come across something exciting, but today I found a nugget of knowledge.
Within the archives of the charts of the almighty BTC I was foolin around and landed on the 12 hour timeframe. After analysis i wasn’t sure one way or the other, no big deal, that is the usual outcome. But next I looked at the major USA indices....well low and behold. It looks like we are in for a crazy summer as the Nasdaq and the Dow are 2 to 4 weeks from popping off! New highs and lots of money flowing into equities is comin. As far as gold and silver they are going to all time lows of this Millenia. I’m just afraid that once bitcoin sees it’s first snow fall of winter, others might follow.
Of course there is the possibility of dethroning the king. This idea lights up a long dark winter and actually gives hope that the idea, concept, and application of blockchain tech might be substantial enough to feed all of us til spring.
Grab your shorts and towel and hit the beach for now! Just don’t forget to keep the winter jacket and hat ready because the season always changes.
