Widening Inequality

Two-thirds of working Americans and the majority of working families around the world derive their income from wages via employmentThis week in CryptoOur BTC technical analysis from last week seems to be playing out well. The descending bound of the triangle formation that has/was playing out since June 2019 ~14K high is now acting as support, having previously been resistance. A good bounce off the new support line last Thursday and followed by a second solid $500 bounce yesterday gives us some confidence that buyers are looking at this reduced period of volatility, currently at a 3-month low, as a period of accumulation before a possible move up. We would like to see the monthly close above this line to give us greater confidence that a price floor is being set in the $9,000 region.Widening Inequality was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.
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Author: Kenetic Trading