Hey! this is a little trip into my mind. If you don't mind looking into the rabbit hole. This is just an opinion, not financial advice. I feel like there is a whole bunch of fud and speculation going on. Is it that hard to see that this could be a Wyckoff Method? See the Triple bottom. To put this idea over A bull run from nowhere would have to happen. I see signs off a wyckoff in the making. The next couple of days will either prove me wrong or right however, I just can't see the bullrun ending this soon with all the good news. The first bullrun lasted 518 days after the first halving. It has lasted 546 days after the 2nd halving. The third halving was May 11th, 2020. Its has been 406 days. The math does not add up. On average the bull runs ova been at least 518 Days. I get that this is a different cycle however, there is a surplus of money and consumers that we've accumulated as a whole to invest into the crypto space. This is very left brain of me however the statistics shows that there needs to be a final blow.
Think about it, Why would the bull market turn away now when the entire world is investing into crypto at a rapid pace. Think of how early we are in this space. With whales in control, we have to realize that everything in this market is emotional response to their movements. Things are being controlled by social media, celebrities, governments, and hedge funds. Just like we have our safe space to share ideas, there are bigger rooms in play mapping out a gameplan. I don't feel like this bullrun is over however I can see there's alot of selling pressure. Simply, we are responding to the top 1% . It's easier to be fearful when everyone else reacts to the "chaos. Its always about perspective.
SKIP HERE TO SUM IT UP IN ENTIRETY!
Short term I'm bearish, I need to see how BTC moves. There is a must needed move in order for BTC to back bullish short term however if you zoom out, there is still opportunity for this to flip and breakout. It will take September to believe otherwise.
Think about it, Why would the bull market turn away now when the entire world is investing into crypto at a rapid pace. Think of how early we are in this space. With whales in control, we have to realize that everything in this market is emotional response to their movements. Things are being controlled by social media, celebrities, governments, and hedge funds. Just like we have our safe space to share ideas, there are bigger rooms in play mapping out a gameplan. I don't feel like this bullrun is over however I can see there's alot of selling pressure. Simply, we are responding to the top 1% . It's easier to be fearful when everyone else reacts to the "chaos. Its always about perspective.
SKIP HERE TO SUM IT UP IN ENTIRETY!
Short term I'm bearish, I need to see how BTC moves. There is a must needed move in order for BTC to back bullish short term however if you zoom out, there is still opportunity for this to flip and breakout. It will take September to believe otherwise.