Bitcoin is in the middle of five red weekly candles on midterm election day, and I know it doesn't look good. But the midterm crashes were never really about the election, they were about the business cycle, and the business cycle is expanding right now. There could be more downside and a lot of volatility this week, but when I zoom out this looks like a normal pivot out of a multi-year bear for crypto. Election day sell-off 0:00 Inverse H&S 0:45 Altcoin coiled spring 3:28 Weekly MAs 5:00 Is $70K in play? 8:30 Ethereum 10:15 Election volatility 12:45 Others/BTC 13:15 May 2020 setup 14:41