@decodejar No wonder price action looks familiar. It was a 2015 fractal. Not saying the low is in, but waiting for confirmation would mean missing about 10-20% rally, and more for alts.
@KuzushiFinance@XForceGlobal In EW, there's always a case for both. What he has shown here is the order of probabilities. There is still a bull case, much like there is a bear case like a few weeks ago, but the chances then was slim.
Like, who should I respond to in terms of this type of dispute? Where in this thread is that specific amount? Etc.
It'll take more time for AI to get better at this, but am not going to help it.
"Because I'm not paid enough to tell how a tool should do it's job."
Companies forcing employees to use #AI for work is like having to train your potential replacement.
This is a push back not because I'm anti AI, but if I can do it on my own more efficiently and without having to train and retrain AI to do simple tasks, then I'm being productive
On a high level, tasks can look repetitive. But on a micro level, there are alot of adhocs, which constantly requires human intervention.
A good example of this is summary of emails. Yes, they're great, but they often miss the important parts...
Bubbles will play in small burst. However, we will eventually see an everything bubble pop once we get to that super overvaluation levels.
For now, we're not there yet. Sentiment needs to be overly optimistic to see an everything bubble pop.
The nuke in $BTC is most likely driven by capital rotation to AI related stocks. We will eventually see a rotation back as most will only hold cash in a short-term.
Let the musical chairs continue to play!
@XForceGlobal Given the setup and how backward bias most people are, the lower low bearish scenario is what most will expect. Not surprised, many will position at the 50k area. Will BTC make another move similar to when people expect sub 15k BTC? ๐ค
The move on $SUI recently was driven by hype and fear. 100x broz playing with the news and sentiment. That's how weak liquidity is in this space.
However, the fact that people keep talking about $SUI, it's no surprise this will go up despite of everything.
How to know if we bottom? When price stucks in a range for a long period with a sense of seller exhaustion for every push lower.
Quite evident on #altcoins
$BTC lead the way for a recovery.
But if BTC decides to go down more, then everything I mentioned is wrong ๐
Welp, that came sooner than expected $BTC. So, anything different? Yes, less volatile, healthier. Will it hold? Hoping ๐ค but there're evidences:
Weekly volume declining with price = profit-taking
CME gap at 79k
Whenever $BTC breaks out of the weekly MA20, it'll revisit that line again depending how strong the move up is.
If BTC hits the BB top in a short period of time, the revisit will come soon. But if we consolidate, the weekly MA20 will catch up in 2-3 months.
Let's see if the usual schedule for $BTC #Crypto remains
July - summer top
Aug - retrace to breakdown
Sept - total breakdown, bottom
Oct - deadcat bounce, accumulation
Nov - pump
Dec - more pump
Jan - BTC top
Feb - alt catch-up
Mar - microcap catch-up, 100x
April - top