BTC/CAD

The crypto market is trying to stabilise around the $1.94 trillion mark for the third day (+0.8% in 24 hours and -4% in 7 days) after Friday’s sharp sell-off. It will soon be apparent whether support at the $2 trillion level has turned into resistance. chart Bitcoin is trading just below $55K on Monday morning, near the bottom of the downward corridor ...

So yes, that’s exactly what happened. The GDXJ closed the weekly with a record (nominal) decline – that we haven’t seen since May 2022. The above chart shows that the multi-top that the GDXJ is most likely forming is indeed (as I wrote about it before) similar to what we saw at the 2020 top. Zooming in reveals that the multi-top can be viewed as a potential ...