Good analysis on bitcoin. I think the market is still acting pretty predictably. yesterday we have the false short term breakout. Today it gave it all back and did what looks like a false breakdown. RSI stayed in its lane on the daily and we bounced off the Dec 2020 support line we've been on perfectly. I think its more than likely we retake this small wedge in the next few days and then carry it out to the upside until the fed minutes come out and send it down again.

The only thing that gives me pause on that is that todays stock market kind of felt like the end of 2018 when it is just unconsolable and working with the intention of forcing the Fed's hands into more easing.

If that's the case, we're screwed for the next few months. And if the fed screws up its handling of this by either ignoring the market or by plunging the economy into a recession in an attempt to deal with temporary supply line issues, we might be screwed for a lot longer.

One thing I think for sure though is when it snaps back to the upside, it's going to be violent and leave a lot of todays sellers behind.

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