Slope of Hope Blog Posts

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Uncertain Smile on Crypto

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There is a significant discrepancy between Crypto and US equities at the moment, which is casting some doubt on short term direction, though on the bigger picture it seems likely that we are seeing bull flags form on Crypto and the next big move will likely be up.

On the Bitcoin (BTCUSD) daily chart the daily middle band has been backtested and is holding as resistance, so the current trend still leans down.

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