A good time for an update to the BTC chart now that the dust has settled since the selloff. A clean sweep of the lows as widely expected was enough to allow us to position in calmer waters. Smart bears taking profit while retail start going overboard on the sell side, a typical end of season sale.
For the wave count we remain in the same long-term flows with little to see or update while above $6,200.
All the best to those riding the bakkt pig.
ノート
Animal spirits kicking in again? Any pullback in US Equities is a good sell in my books, BTC mature enough to diverge