This is just another representation of my macro view on crypto.
Everything is on the chart.
In my opinion, $530B-$580B market cap might be a very important bottom for this bear market. Potentially 'the bottom' for the next crazy bull market.
But since my theory is that this can be a redistribution, I have to ask 'What is the worst case?' The COVID dip.
Everything is on the chart.
In my opinion, $530B-$580B market cap might be a very important bottom for this bear market. Potentially 'the bottom' for the next crazy bull market.
But since my theory is that this can be a redistribution, I have to ask 'What is the worst case?' The COVID dip.
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Here is another representation on 'Why this time might be different?'
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Markets love the number of three.
3 blow-off, 1 distribution, business cycle top.
Where is my business cycle bottom?
3 blow-off, 1 distribution, business cycle top.
Where is my business cycle bottom?
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I know that this looks like a breakout on Bitcoin. But I'm not give up on my change my whole distribution + redistribution theory because of a trendline with 2 data points. I'm not a trendline fanatic anyway. If a trendline breakout
It can bleed along the line for weeks.
It can bleed along the line for weeks.
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Here you go. Not a breakout. Trend lines are deceptive.
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Here you go.
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Real bear markets do this kind of things all the time. Have a look at historical traditional market charts. Especially around recessions.
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It's not so hard to see that it did something different.
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