Not a prediction. Slow markets are max pain. i.imgur.com
Fractal voodoo i.imgur.com i.imgur.com i.imgur.com
98% were long at the very top (20th Oct), no short positions left to liquidate. Bitcoin f* everyone up, in both directions. Bitcoin, don't you ever change.
Eve and Adam pattern. This weekend will be crazy -- it can dump or it can set a new ATH. I have no idea what will happen. For reference: www.forex-central.net pbs.twimg.com
Retail interest is low and we still haven't crossed the bullrun threshold on many of the Glassnode metrics. EFT will likely be postponed till 2022, buy the rumor, sell the news Looking at the last 4 years, Bitcoin is painting some kind of new paradigm in rally PA. I don't know how to work this, but I'm leaning bearish. i.imgur.com
I have no idea what's happening and don't know what to do. The last week's impulse was mainly futures-driven, macro indicators like BTC fees are still bearish. Let's try this.
Gonna try scalping with small positions -- for fun. Buy at 20-21k in sep-oct-nov or whenever it happens (if there is no black swan event) and hold for 2 years.
A sketch in case Bitcoin breaks down from here. Buy at 20k later in 2021, hold for 2 years, climax in Q3 2023 at 500k.
I would be super-careful around here. Bullish if it breaks up (above 55k).
This rally has been very confusing to say the least, but in retrospect everything makes sense. Cycle lengthening is back on the table. This is not a cycle top and a proper bull run will come later. Next time to load up is by the end of this year 2021.
Let's try this i.imgur.com i.imgur.com
If BTC doesnt break below 22k within tomorrow, then 30k is within reach and altbtc pair will suffer
Repost because Tradingview is hiding my charts for containing Twitter-links. Update to the normalized graph (relative to the flattening of log support and "slowing down" of time). I still believe that the cycles are lengthening and that the next climax will not be until Q3 2023, with several laddered rallies leading up to it. Basically, we are here: i.imgur.com