@InternetFoxes#InternetandBeyond
loving the art and really looking forward to more sneak peaks !!! They have very friendly community too 🦊🦊🦊
cue *what does the fox say* song 🤪
Agreed. I can’t wait to be bullish again, but it just doesn’t seem like the right time… yet.
With earnings around the corner in the stock market, and the likelihood that guidance will be decreased significantly, I remain very cautious ⚠️
Long-term still in a downtrend.
#bitcoin S2F original 2019 model (grey) and newest fit on most recent data (white dots). S2F model certainly had a good run from Mar2019 (BTC 4K) to Mar2022 (BTC 45K). For now: either BTC is extremely undervalued and will bounce back soon, or S2F will be less useful in the future
Everyone claiming that the $BTC bottom is in… ⚠️
People going leveraged long, posting screenshots of profits from this bounce.
Doesn’t seem like max pain is here yet.
I will keep fading the bounces until the trend shows real signs of reversal 📉
In 2015, #BTC bottomed 547 days before the Halving
In 2018, $BTC bottomed 517 days before the Halving (discount March 2020 crash)
If Bitcoin is going to bottom 517-547 days before the upcoming April 2024 Halving...
Then the bottom will occur in Q4 this year
#Crypto#Bitcoin
3 reasons the bottom is not in:
🦅 Fed becomes even more hawkish this week
🔮 Q2 earnings and guidance will be very negative (starts mid-July)
📉 Still haven’t seen REAL capitulation yet (imo)
This applies to #stocks, #bitcoin, and #crypto
1/ Some stats on previous market cycles:
2013-2015
BTC: $1,127 --> $200 (-82%)
2017-2018
BTC: $19,423 --> $3,217 (-83%)
ETH: $1,448 --> $85 (-94%)
Current cycle:
BTC: $67,167 --> $27,682 (-59%)
ETH: $4,815 --> $1,466 (-69%)
Make what you want with the info above.
Mindset 🧠
When you need to earn a
living, want to go to the
gym, spend time with
your partner, have a
social life, have a healthy
diet, party, learn a
new skill, self-care, have
alone time and at the
same time always
thinking.