BTC Cycles - Maybe I'm seeing shapes in the clouds

Bitcoin / DollarBitfinex

Description

⋅ Sep 8, 2021 7:19 PM

This is just a counter look at what I'm actually having positions in (I'm currently long).
But never ingore the basics.

Let's hope I'm wrong.

Comment

⋅ Sep 8, 2021 7:43 PM

It's ugly, but could be true. Just looking left.

Economic Cycles Contains image

Comments

CHARTING-CHIMP

⋅ Sep 8, 2021 8:24 PM

We're aren't even close to euphoria. The sentiment is the total opposite.

dotcom880

⋅ Sep 9, 2021 5:47 AM

@CHARTING-CHIMP, according to chart euhoria was end of april. This should be complacency "we just need to cool of for next rally"

Mikanoshi

⋅ Sep 8, 2021 8:17 PM

aSOPR went slightly below 1.0 yesterday, that means traders started selling in a loss, might be just a panic sell, but if it doesn't bounce this rally might become a relief one. Currently it's 50/50 and no one knows where it is going.

CryptoBitcoinFunk

⋅ Sep 9, 2021 1:17 AM

We need more bearish people to have a blowoff top so keep em coming ;)

dotcom880

⋅ Sep 9, 2021 5:47 AM

@CryptoBitcoinFunk, ""we just need to cool of for next rally?"

newbtrader329

⋅ Sep 8, 2021 8:28 PM

Seems like a perfect match. look at the recent volume, this rally rose on fumes. The dumps that are coming will cut through BTC like butter

bjornMakeItSo

⋅ Sep 8, 2021 8:09 PM

Wouldnt surpise me if we are going down eventually now.