kDev

The new Cardano City update looks siiiick

One of the biggest bull flags I’ve seen in my entire life. This pattern has been forming since March (more than 5 months) and, icing on the cake, it’s also developing right around the 2021 ATHs zone. Pair this simple TA with the fact that Q4 has the potential to be extremely bullish for risk assets (macro environment). How can people be bearish on $BTC (and Crypto in general) here? Sure, we could theoretically have another tap of the lower part of the flag (or even a quick wick below it) — but after that, the “up only” season should commence, in my opinion. No crystal ball, of course — but, as I always say, all the dots are connecting nicely. What happens on the 1H timeframe is just noise — look at the bigger picture 𓂀 Will revisit this tweet in a few months.