@DirtyTesLa I had a similar experience recently at the McDonald’s drive-thru. As soon as I received my food at the second window, the car started moving forward.
Gratitude.
That is what we're feeling today as we think of the selfless employees and flight crew who jumped into action to protect Flight 1006 passengers.
Heartfelt thanks goes out to the outstanding ramp crew, our operations and safety teams and first responders. 👏
#Bitcoin just completed the highest monthly close since Oct.'21, but it gets even better & more bullish... The 36-month Williams%R Oscillator just closed above the overbought level for the 4th time in history.
#BTC returns after prior signals:
• Feb.'13 = +3,900% in 9 months
• Dec.'16 = +1,900% in 12 months
• Nov.'20 = +260% in 12 months
I say it all the time & I'll continue to repeat it: overbought signals are incredibly bullish and should be viewed as momentum signals, not signals to fade.
A few final things to note:
1. Returns in each cycle have been diminishing, but we've never had this degree of institutional participation, or the ability for retail to be onboarded so easily with the ETFs.
2. Even if we match the +260% gain from the Nov.'20 signal, that would put Bitcoin at $180,000, which therefore achieves my minimum cycle target of $175k (pinned post for that analysis).
3. If #BTC is going to experience those types of gains again, I can't help but think about how Ethereum $ETH and alts will perform in that environment. The fact of the matter is that bull markets are characterized by two things:
• ETHBTC rising
• BTC.D falling
We could be on the cusp of another multi-quarter rally in $TOTAL.3, but we'll need to see those two characteristics take hold (and they haven't yet). Maybe this time is different and the ETFs have changed crypto market dynamics, but I think that market psychology will repeat the same way that it always has. Bitcoin starts & remains strong. Then ETH participates meaningfully. Then shitcoins ride the wave.
4. I say it all the time when I present these types of studies. Even though the Williams%R Oscillator is my favorite indicator and I've shared a tremendous amount of successful signals with this indicator, statistics do NOT operate in a vacuum absent of macroeconomic influences & broader market dynamics. The same analysis that I shared for the 12M and 24M Williams%R signals have worked perfectly; however, this study guarantees nothing. It simply tells us how market participants have behaved in the past when investor behavior was similar from a statistical perspective. This study is unequivocally bullish, but we should view it simply as improving bullish probabilities rather than being outright bullish from a binary perspective.
Stay focused fam 🧡
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🧵 #ETHDenver & general Denver tips for your first time...some obvious, some not so much! All written by someone who's a lifelong Coloradan, who loves it here, and doesn't love all the complaints about Denver 😉 🧵 ↓
oh and some about hygiene
@EthereumDenver#ETHDenver2024