I think you can apply the pattern theory to BTC because it is always prime for mainpulation. I think ARB is following BTC in which case it owes us already for Friday Saturday and so far Suday as well.. A; you can say about BTC is the analysts have made their predictions and they are norammly self fulfillig - although normally clogged with sharp deceptive jerks (I was referring to share movements but I think it overs market manipulators as well) JMHO,
At some point ARB has to lose its high gearing to BTC but I don't think its is quite yet.Also BTC is nowhere near its broker forecast s yet (how can you have a broker forecast for something you can't trade anymore ??
Chaebol - the likes of JPM write self fulfilling prophecies so think you've underegged a bit. They say it, the conventional herd follow it - though of course they try to shake off small investors on the way.
Its all about btc isn't it , the rich are making a killing alterately spiking and scaring the poor but overall its up up up which means up up up here as well. Pretty much exponential groth this evening.
BTC flat ntil the rising trend line hits it - then up. Jump was too sudden on Monday but if the trend line is reestablished everyone will join back in. -what we needed was a win on Saturday and another win on Sunday and a gap up open - we got 1 spike and some have already lost their nerve.
Why wouldn't we - only hysteresis. Th emarket hit 145 becuase if thought BTC was going straight to that 125 number, so once the market believes BTC is are going to that 125 number again this will return to at least that same beta - so 44k by Monday should do that and we will climb as quickly as trade allows to a new high. I f the beta was about x4 for ARB/BTC - that's not 145 - its a bonkers number above 160. Not my honest opinion - just an application of ratios and an assumption of market sentiment reflected in prices.
BTC just under 33k - looks like a double bottom. Need a good day today then the weekend should be one of those BTC fests and the start of a sporadic uptrend to a stable 40k. At some point the cup and handle is then hopefully completed and you get the storming run to the +100 levels the institutional brokers have been predicting. ARB is highly geared to BTC. If BTC does 3x+ what does ARB do ??