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MacroScope
@MacroScope17
Topics: institutional trading, asset management and monetary policy. Tweets are opinions only and are not intended as advice.
가입 August 2017
362 팔로잉 중    90.6K 팬
Below was posted three years ago at BTC 25k: "One of the keys back then was to watch the longer term charts (weekly and especially monthly) for when price levels that were previously lost were quietly regained. This led to huge profits for traders who were still in the game and paying attention, because it indicated the continuation of a long-term secular trend." This continues to apply. If you believe BTC is repeating the long-term fundamental and technical cycle of the tech sector that started in the mid-1990s (and longtime readers know I believe this) then you want to see that same type of price pattern: levels that were previously lost getting quietly regained (amid terrible sentiment), best viewed on monthly charts. And after the past couple weeks, that’s exactly what we’re now seeing with BTC -- and have been seeing since this post three years ago. There are a thousand ways to look at technicals and charts. I like to keep it simple, especially if you're pairing technicals with an underlying story that's a long-term new paradigm. By the way, over the past couple years, I've probably gotten more "thanks"-type private messages about this post than any other I've made over the past decade. You can see the number of views on it. Glad the historical perspective (and gray hair) helped some readers.
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