Hi All,
See a macro perspective on BTC - 16k to 160k
Yes we are in a bear market (in Sep 2021 I called this as happening mid 2022 spot on, proposing 20k, feel free to check my historical posts linked below)
At the end of the day, the macro cycle is king - no use trying to guess specific prices or time as these are really hard to guess and likely you will fail as with most
What we can be 100% sure of however is that economic cycles repeat and have clear events that can be identified
Smart money enters in the economic climate during bear events and exists in economic climates leading up to and after bull events (sure most will know Wycoff theory)
Any BTC added to your portfolio below 20k is a steal, below 30k is still damn fine - next cycle high is looking like 150k - next halving will be key factor
Currently, the powers at be are crashing economies across the globe to catalyze the great reset (essentially paraphrased Klaus Schwab here)
BTC has never been in such an economic crisis, so I expect this bear market will be more dangerous than previous
As we see capitulation with BTC, Alts will get wrecked, many more projects (like celcius) will die and everyone will lose faith in crypto and especially alts
Once we see this, BTC will start stabalizing, and we will start to see the dawning of the next cycle, (see my Hidden Death Cross / True Golden Cross analysis)
At this point we can see which Alts survived and use Fib analysis of ATH and bear market low to understand how they will bounce back (and they will) (and many will explode - gaming for sure major one here)
Never forget the bigger picture, Technical Analysis is not about emotion, it's about identifying mathematical patterns and probability of events, so drop some shrooms and get charting!
Peace
Yemala
*please note on the next cycle, BTC could break free from the crescent trajectory in the chart, if so maybe we see 200k+ - that would be sweet but until I see signals, I am staying realistic with the data
See a macro perspective on BTC - 16k to 160k
Yes we are in a bear market (in Sep 2021 I called this as happening mid 2022 spot on, proposing 20k, feel free to check my historical posts linked below)
At the end of the day, the macro cycle is king - no use trying to guess specific prices or time as these are really hard to guess and likely you will fail as with most
What we can be 100% sure of however is that economic cycles repeat and have clear events that can be identified
Smart money enters in the economic climate during bear events and exists in economic climates leading up to and after bull events (sure most will know Wycoff theory)
Any BTC added to your portfolio below 20k is a steal, below 30k is still damn fine - next cycle high is looking like 150k - next halving will be key factor
Currently, the powers at be are crashing economies across the globe to catalyze the great reset (essentially paraphrased Klaus Schwab here)
BTC has never been in such an economic crisis, so I expect this bear market will be more dangerous than previous
As we see capitulation with BTC, Alts will get wrecked, many more projects (like celcius) will die and everyone will lose faith in crypto and especially alts
Once we see this, BTC will start stabalizing, and we will start to see the dawning of the next cycle, (see my Hidden Death Cross / True Golden Cross analysis)
At this point we can see which Alts survived and use Fib analysis of ATH and bear market low to understand how they will bounce back (and they will) (and many will explode - gaming for sure major one here)
Never forget the bigger picture, Technical Analysis is not about emotion, it's about identifying mathematical patterns and probability of events, so drop some shrooms and get charting!
Peace
Yemala
*please note on the next cycle, BTC could break free from the crescent trajectory in the chart, if so maybe we see 200k+ - that would be sweet but until I see signals, I am staying realistic with the data
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