Although the crypto space bounced mightily this week, following the vicious weekend sell-off, the charts are still telling the story ahead of time: there is a steel-reinforced wall of resistance. You can see this even in my two favorite charts, since you simply have to take note of the overhead supply I have tinted:
This resistance is expressed just as plainly, although for different chart-based reasons, with the biggest of the big, Bitcoin……….
…….as well as Ethereum………
Although I have no crypto positions, I find this mesmerizing since this entire space continues to be the most chart-friendly asset I’ve witnessed in my entire life. The prospect of a BTC move down to $20,000 is still intact for the summer.