I believe that this is the end of the bull run. BTC will normalize at around 20k. Because of all the hype around crypto, I think that we might see a new bull run at the start or middle of 2022.
If we compare the 2017 bull run to this one. The gains are pretty close. And this bull run is lasting longer than the last one. Let's not forget that crypto is influenced by a lot of whales who might take profits and buy the dips. So it would be realistic to think that a bull run will happen more often than before. But this is not a guarantee.
On the other hand.
The last bull run was about 800% at the peak give or take. This one is only 580% give or take. So we might see a new ATH Before the end. But we are not at the start of the run or the middle. We are nearing the end of this run.
I would recommend keeping a close eye on the crypto space. We might see the last try to beat the ATH or we might be at the end of the run.
What if this is Wave 1 of an epic bullrun? Just reflecting the time we are living (money printing, new taxes, big inflation, new currencies upcoming etc.)
deivid2555
⋅
@otternose, I'm not gonna lie. That's just greedy. Greed made people loos half their money. I foresaw the crash one week ago with a simple rising wedge. I sold everything and I'm happy. Let's not live in a fantasy world. DYOR And not financial advice but it' ether the end or near the end. No in-between. Hope you have a nice day.
otternose
⋅
@deivid2555, I am totally with you. But its also obvious that this "crash" was made. And connecting the points showing who is driving this bus and why gives an alternative perspective. So my feeling is same...we will have one and maybe last try to the upper side. The power of this move will decide everything. but for now its to early to call one or the other side.
deivid2555
⋅
@otternose, I don't think it is staged. Again I and many other people predicted this to happen but. And this is a BIG BUT. Hopium is addictive. It's named after opium. We hope for the best profits and it can and will distort our view on the situation. I didn't post my chart because I knew that I will get hate. And calling the drop was easy. Tho I thought it would be 58%. Sometimes a simple rising wedge is better than conspiracy theories from 4chan about Chinese market manipulation. I have friends that are company traders and advisers. And believe me. They earn so much that they would never tell anyone anything. Not an attack on you just a discussion.