View: slopechart_$BTC.jpg

Blip Time 

8/28 to 8/31 saw a pretty nice surge in volume (not shown) on candles going nowhere, which I don't know what to do with, other than expect something to change.  

Bullish! We are still within the gigantic bull channel for this latest run, and at support for this downturn for the 5th time. 

Bearish! Under the midline of said channel, including a backtest of it earlier. Carboni knock-knock in effect. 

Adding in the larger picture of the economy, or what a person chooses to believe after sifting through the avalanche of shit in regard, I gotta vote bearish over time. 

I did go back on this chart historically and there are some events where Bitcoin basically turned sideways for 200+ days in the past. We are at about a buck eighty at the moment, depending on what you want to count. 

Happy Friday!