A Sentiment Shift To Bitcoin Dominance . . . The Mark Up Phase

Ugly Old Goat

After Bitcoin tested the two-week lows and the blasted through the two week high, a fundamental change occurred. Bitcoin basis moved firmly into contango. This is a fundamental pre-requisite for a bear market.

However, the basis is not a timing indicator. It simply indicates a fundamental shift in market psychology and real-time dynamics. There is no reason…