Crude oil formed a large-scale descending diamond, while Bitcoin formed an inverse diamond. The descending diamond in crude oil showed remarkable insight into the early signs of a trend: from 100, it pointed straight down to the 70s. Now Bitcoin’s inverse diamond still points to 120,000 before turning bullish—not to 40,000. That’s the power of market structure and the underlying fundamentals.
In Daoist terms, “One yin and one yang constitute the Dao”; in the words of Emperor Wu of Han, “If the enemy can go, I can go too.”
This immediately raises a philosophical question.
It also brings up the most basic question of binary logic at its core.
In fact, the explanation is just eight characters: assess the situation and act accordingly; go with the trend.
#btc Crude oil