Total Crypto Adoption Curve
The logarithmic Monthly chart for the total crypto market is amazing. Monthly candles are extremely powerful because they contain so much price action summed up in one candle. So any trend you recognize on this chart is nothing to sneeze at. It’s sublime. Look at this 4+ year old adoption trend with bubbles that revert to the mean.
People have been absolutely PUNISHED in this space lol. We know the Insiders have to shake all the sellers out. What better way to do that than a classic bear market rally? A “suckers rally” according to the Wall Street Cheat Sheet.
But wait, we ARE IN THE ADOPTION MEAN NOW. This is where insiders have accumulated for YEARS.
All I can say is either we launch into outer space from here or it’s DEEP into the abyss we go. If they can drive it down as far as possible they can accumulate bitcoin at a deep discount when no one else wants it and everyone sells from fear(because the insiders pulled their lever to FEAR). Then they will point the lever at GREED and launch this thing into outer space. Once it breaks the ATH then it’s 100k or higher.
Also...look at the RSI. Does it look like it wants to go into oversold territory? Or is there still enough buy pressure to keep it from doing so?
I’ll be keeping an eye on the chart.
People have been absolutely PUNISHED in this space lol. We know the Insiders have to shake all the sellers out. What better way to do that than a classic bear market rally? A “suckers rally” according to the Wall Street Cheat Sheet.
But wait, we ARE IN THE ADOPTION MEAN NOW. This is where insiders have accumulated for YEARS.
All I can say is either we launch into outer space from here or it’s DEEP into the abyss we go. If they can drive it down as far as possible they can accumulate bitcoin at a deep discount when no one else wants it and everyone sells from fear(because the insiders pulled their lever to FEAR). Then they will point the lever at GREED and launch this thing into outer space. Once it breaks the ATH then it’s 100k or higher.
Also...look at the RSI. Does it look like it wants to go into oversold territory? Or is there still enough buy pressure to keep it from doing so?
I’ll be keeping an eye on the chart.
Comment:
I laddered my longs in the 6K region and have enjoyed over 50% gains in my best trades ever. I also created a basket of alts when the total crypto market cap was around 166 Billion. The total crypto market cap has recovered quite a bit in January. This marks a major reversal in the macro trend and I expect more upside.
"You didn't come here to make a choice, you've already made it. You're here to try to understand why you made it."
―The Oracle
―The Oracle
Peace, Love, & Crypto,
B166er