With absolutely zilch new to say about equities, I’ll just mention this: if anyone thinks the BTC rally is going to sputter out, I’d like to offer one idea. Before getting to it, I’ll say that BTC has done an impressive job reaching “escape velocity“, and if it can get past that blob of overhead supply (tinted in green) it shouldn’t have too hard a time getting up to its 50% retracement level (highlighted).
If you think this is all a bunch of hooey, however, and that BTC will flip lower, may I present to you Microstrategy (MSTR) which is at the cusp of perfectly sealing its gap at 318.43 which is also just beneath a right triangle reversal pattern.
