Buttcoin (BTC) is the preferred choice for money transfer of Russian oligarchs, money launderers and other criminals the world over. As such, it has enjoyed renewed popularity, settling into a trading range over the past two months.
Is that range a bottom, or a consolidation in a downtrend?
I vote for the latter. A 6 month cycle projection still points to 28,000, and a 1 year cycle projection points to 20,000. At the same time, the breakdown of the massive top pattern has a conventional measured move target of 12,000.
March 1 – Gold Consolidates, More Upside Ahead.
Subscriber update tomorrow.
