TAS1TheActualSnail

Is really BTC rewriting the Macro charts after ETF launch?

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS

When I am comparing the weekly data, I see similar patterns repeating way too early for Bitcoin's bullmarket. Market is too hot.
Why am I saying that? Lets see:
1st: On July 2019, Weekly RSI hits the top, 10 year yield makes a lower low, from that moment a healthy correction starts and lasts for a couple of weeks, during this time in the bottom chart, we can see the volatility index is very high, Retail index is rising meaning the retail is coming in the market while the big traders are lowering in number until they cross and shift happens, there are more retail than large traders.
2nd : In August 2020 post halving, similar shifts in traders occurred right after 10 YY bottomed, and WRSI topped, volatility index this time is lower but green, showing lower volatility but the market sentiment is bullish.
3rd time: On Jan 2024, coincidence is that with ETF news, RSI topped, 10 YY bottomed, and the healthy correction happened as well. Corrections were Close to 29% from the last market cycle ATH and mid-cycle top.
In my opinion, with BTC ETF and global situation of breaking ATHs while technicaly some countries are in recession, shows market doesnt care anymore. We are in a frenzy of everything bullmarket. This market sentiment made that BTC price wise compared to USD in the charts looking ahead of the schedule +1 Year right now. Volatility index very high nad bullish, RSI topped tested the resitance and going up?!! Some of these indicators don't show a prehalving market in the chart.
Final call, imo a very possible scenario is because of the market in election years and the historical data proving that, we will have a crazy bullmarket, with crazy multi-year bearmarket.
I will enjoy the ride, but don't be greedy and take profits.
Second scenario, is very unlikely. What do you think?
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