Both $BTC and $SOL at the top of their respective channels now
Will they break out?
Can also see how $BTC’s fluctuations stay wider, while $SOL’s are mostly narrowing
— Exactly what you’d expect in a downturn, where the smaller asset is essentially a market prediction of the next movements of the larger asset
= I.e. initially the smaller asset copying the larger asset, but as it repeats the same cycle more, the smaller asset becomes less confident that the larger asset’s swings mean anything, and instead of continuing to fully copy, the smaller asset’s price movements slowly converge toward the middle of the range
(Exception is that Japan pump & dump in the middle, whose exact timing likely only could be forseen slightly ahead of when it happened, so that wasn’t fully priced in.)
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
Will they break out?
Can also see how $BTC’s fluctuations stay wider, while $SOL’s are mostly narrowing
— Exactly what you’d expect in a downturn, where the smaller asset is essentially a market prediction of the next movements of the larger asset
= I.e. initially the smaller asset copying the larger asset, but as it repeats the same cycle more, the smaller asset becomes less confident that the larger asset’s swings mean anything, and instead of continuing to fully copy, the smaller asset’s price movements slowly converge toward the middle of the range
(Exception is that Japan pump & dump in the middle, whose exact timing likely only could be forseen slightly ahead of when it happened, so that wasn’t fully priced in.)
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
👀6
Advancement when the commie-infested incumbents rule
-vs-
when someone is finally able to cross the funding barriers to entry and compete with them
Similar situation in blockchain tech today
Ethereum is NASA
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
-vs-
when someone is finally able to cross the funding barriers to entry and compete with them
Similar situation in blockchain tech today
Ethereum is NASA
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
💯6