The Sunday Recap – Down the Rabbit Hole 18

What can I say, things haven’t slowed down this week. Its been a steam-roller of news, narratives, and tech developments. Fun to dig into but very time-consuming. This week, I’m adding a new category – Pick of the Week. If you only have time for one piece of crypto ‘insight’ I recommend you check out the weekly pick.

Pick of the Week

If you do nothing else checkout this week’s podcast. A Human Right’s Perspective on Bitcoin – With 52% of the world’s population living under authoritarian regimes Bitcoin and blockchain are of immense importance to our future freedoms.

Reddit

Let’s start light:

Everything I know about trading, part 1 of 2. from Bitcoin

Twitter

BTC as

Bitcoin Technical Analysis: CONSOLIDATING BEFORE NEXT MOVE

Since my last update we’ve seen 2 small stop hunts. Price briefly broke down to $3,650, then promptly returned to $3,800. It then quickly jumped to $3,910 before promptly returning to the $3,800 support. This kind of thing is often seen prior to a larger move.

Zooming in on the 4 hour chart, we can see the Bollinger bands are extremely tight. The 8, 21 and 55 day EMA’s have converged almost on top of each other. This is another indication price is getting ready to move.

In today’s video analysis I discuss, where price may be heading next, traps to avoid,