$BTC Slightly Touched The Box And Bounced
Still chance it can go lower, but whales will keep buying inside this box
Are they buying your #Bitcoin or do you have #DiamondHands?
Besides the gold Cycle count, the tell is Silver. It never holds up like this 5 months after a blowoff unless it's preparing for the next move. In a bull market silver advances via blowoff moves generally 12-24 months apart.
I've been heavily speculating in the markets (not full time) since 1992. My first trades were before online brokerage, you had to call in for quotes and to place orders. 4% commission in AND out.
I had a great run during the DOT COM era. By 1999, I had a really chunky (for my age) portfolio and thought it was easy. By late 2000, the account was $0. That part was fun, at least. For the next 10 years I was super active, some good runs, some big drawdowns. Overall, nothing exceptional. Just decent.
Then something shifted. The need to speculate faded and that’s when things actually got better.
Once I stopped chasing it, opportunities started coming to me. Not just in trading. As I’ve gotten older and less interested in money itself, seeing opportunity has become clearer. And more than anything, removing that constant need elevated how I experience life.
This isn’t meant to be spiritual (for some it is). But for a lot of people who are active and still underperforming, it’s worth asking what purpose this is really serving.
Most of the time, it’s just a dopamine loop. And for many, it’s closer to an addiction than they would like to admit. And that could be what’s holding you back.
40 months into the Gold bull market, a mid-cycle pause and consolidation is likely developing. 48 months marks the midpoint which is towards the Nov window. Lot of confluence in that area across many asset classes.
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Nothing unusual about gold selloff. Profit taking a 3yr move and raising cash as we go risk off. Think it spends most of the year building the next base.
I swear it feels like we live in a simulation.
Same playbook as 2022.
Bitcoin sells off during the start of a new conflict, finds a low in February, then bounces into March.
Supertrend has been red on Crypto since the events of October 10th. A clear signal to get out and wait for a reversal. Bulls having a good day but I'd wait for at least it to flip green before any celebrating happens.
If you normalize this chart with respect to M2, you get a cleaner look at the current late business cycle environment.
Within the next 2-3 years, the current business cycle should end and a new one begin.
Until then, select deployment of capital and preservation is warranted
@XRPARMY598 I tried to check eligibility and only claimed like 56k tokens....I have been supporting this token since start day and night bruh. Some people claimed 300k+ with 1 month holding 😑
The #Bitcoin four-year halving cycle is active.
A break below $55,000 would increase the probability of a generational bottom near $35,000 forming between September and October this year.