Browse Stacks: Trading: Crypto: slopechart_$BTC.jpg

slopechart_$BTC.jpg

Just for the sake of coversation, what happens if the price falls out the bottom of an inverted rainbow? I guess I gotta spread the cheeks on my rainbow so the new price fits. 

I did not think we were going to turn purple anywhere near that fast. 

Red 44.3k-ish 
Purple 35k-ish 

This rainbow experiment is turning out to be fun!

Image added via SlopeCharts
slopechart_$BTC.jpg

Comments

Bruised ReedBruised Reed
Bitcoin collapses are astounding. In 2013, price fell from $285 to $40 in like two days. That same year, price rocketed to $1150 and collapsed the following year to $200. 
 
Between 2016-2017, BTC price shot up to $20,000 and in 2018 it collapsed to $3,000. 
 
I have caught LOTS of BTC knives over the years. I will not catch a BTC knife in 2022. I'll take a look at it this fall or when it hits $10,000, whichever comes first... 1/21/22
The Lone PostmanThe Lone Postman
$40 looking like a nice entry point! 1/21/22
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