Im just thinking about possible differences in time due to both the economic situation now in the world, high inflation and interest, but also SPX is challenging ATH.
I believe the previous 1year + with economic "trouble" has been 1 thing and 1 thing only: paying back for the amounts of cash printed during covid. Of course there would be some back paddling after all that money artificially injected into an economy that was already inflated deep into insanity and debt on debt on debt.
So im not sure this wave 3 (that I believe has started) is actually a front run, other than relatively to previous cycle :
- I actually believe the previous cycle instead was just delayed by covid, and "was supposed" to start a bit earlier.
--- Wave 3 or B-wave ? ---
I dont believe it will be steady, absolutely not, but I really cant see this as a B wave either.
Of course, B waves mistaken for wave 3s is a very standard way to get really really rekt.
But if this is a B wave... Then this cycle has been EVEN SLOWER than the excruciating 2018,2019, 2020. That was a serious crypto winter. Trauma.
I really cant see why today 4-5 years later, that crypto should have even longer winters.
AI is coming, crypto is adapting and getting "bigger" every day. It is crawling into mainstream, it is unstoppable. So will it be slower this cycle than previous ? No, I can not see this as a B wave.
I even cant really see a rejection of all BTC ETFs as a big deal for BTC. We have lived without ETFs and China bans and FUD in all of BTC history so far..
HYPER BULLISH
I believe the previous 1year + with economic "trouble" has been 1 thing and 1 thing only: paying back for the amounts of cash printed during covid. Of course there would be some back paddling after all that money artificially injected into an economy that was already inflated deep into insanity and debt on debt on debt.
So im not sure this wave 3 (that I believe has started) is actually a front run, other than relatively to previous cycle :
- I actually believe the previous cycle instead was just delayed by covid, and "was supposed" to start a bit earlier.
--- Wave 3 or B-wave ? ---
I dont believe it will be steady, absolutely not, but I really cant see this as a B wave either.
Of course, B waves mistaken for wave 3s is a very standard way to get really really rekt.
But if this is a B wave... Then this cycle has been EVEN SLOWER than the excruciating 2018,2019, 2020. That was a serious crypto winter. Trauma.
I really cant see why today 4-5 years later, that crypto should have even longer winters.
AI is coming, crypto is adapting and getting "bigger" every day. It is crawling into mainstream, it is unstoppable. So will it be slower this cycle than previous ? No, I can not see this as a B wave.
I even cant really see a rejection of all BTC ETFs as a big deal for BTC. We have lived without ETFs and China bans and FUD in all of BTC history so far..
HYPER BULLISH
Comment:
Click and PLay this BTC "Cheat Sheet" - hope it makes your day
Comment:
just another view of the same.
i had the similar feeling in 2021
very bullish
i had the similar feeling in 2021
very bullish
Comment:
here is late 2020 pump
and this is today late 2023
and this is today late 2023
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Comment:
Comment:
BTC spending all of december in this triangle, just broke upwards
