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BTC: Performing Beautifully – Back Above Lower Golden Cone for BITSTAMP:BTCUSD by ich1baN

This is an update to my last chart where I posted when every single trader, investor, dog, cat, rat, and monkey were screaming THE WORLD IS COMING TO AN END – BTC IS OVER!!!! IT’S OVER!!!!

This is obviously the typical response when you have a $10B+ liquidation in the futures market. Not a single trader mentioned the possibility of sideways chop BUT ME.

You can read that analysis here:

My opinion is still the same – I think BTC is range bound for the next 2.5-3 months while alts begin a scintillating season of upward moves followed by higher highs.

The great thing with BTC’s recent price action is that it has come up above the lower golden cone line that was generated at the beginning of the current Bull Market back in Oct 2020. This line holds many key critical support / resistance zones and as of now BTC has closed above and is finding rest on it.

Will post again when time and price action merits…. for now, you should have bought UNI when I said to – you’d already be sitting pretty – here is my latest chart on that:

UNI is the most undervalued ERC-20 protocol product on the market and it will continue to gain value ahead of its May 5th launching of V3… this has some of the strongest fundamentals in the entire investment space (including equities).

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