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The Crypto Flow: The Crypto-Spiracy has been relatively sober of late. Everyone keeps Believing whatever they want to Believe has to happen! Investors still assume they are going to get rich… eventually. Bureaucrats are still discussing their ignorance of the Crypto universe. In other words, the Hypno Crypto PR people are still obsessed with offering any edge which they don’t have. It is best to keep it simple Expected price patterns continue to unfold. Global RISK OFF equity panics resolved into an expected low. Crypto Assets followed along. April was always forecast to be Bullish. So, Crypto now has a window to show what it can do.
Big Pictures are Too Easy: Strength from the Bitcoin Halving of 5/11/20 retains upside potential. That has been looming and expected. But Big Pictures are always louche. They are too easy to talk about and thus assume that someone ‘understands’ what is happening. Don’t believe in any Sure Things. Still my profile for a decent interim rally is happening. Weekly: The Semiotics Crypto structure has not changed. I allowed for, “some seductive shuffling,” B4 a strong April & May B4 a Summer crest.
The Daily Price Pattern: Crypto has escaped their RISK OFF hangover after all of the Global Uncertainty. Hopeful Hucksters have stopped
wringing their hands and are emerging once again as, ‘I told you so’ Holders. The Trading Behavior which is happening is, as usual, not what you
exactly expect it to be happening or even think should be happening. I had posited weeks ago: “Crypto had turned seductively, cryptically corrective.
It is still heavy as it nears the next rally. I noted this price pattern matched the S&P profile which called for a surprising recovery. I expected that all
of this pent up risk appetite would flow back into Crypto assets. It is. The Trading Set Up: The trading profile resolved to the upside. I allowed: “It isn’t complicated. Buy breaks or reversals, B4 Up into May.” Here we are. Yes, it is still slow and steady. That is Ok.
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