If you understand where #Silver is going, you'll understand where #Bitcoin is going
And Silver is going so much higher 🚀
Therefore it makes no sense to expect a breakout here for #BTC & then straight to a bear market
The past 7 months of range, will lead to 7 months of trend
Worldwide #Bitcoin interest in Google trends
It's pretty interesting that we are at the bottoming levels once again & that these lines work on it too 🫣
$BOBO reaching 100M and $DODO is with him, I warned you when $bobo was at 30M and when $dodo was at 1.5M, will you keep watching or will you take action?
#MemeCoinSeason2024
"ONE FINAL SWEEP & ONE FINAL SHAKEOUT!"
This is what I keep reading here but I have to strongly disagree
In this thread 🧵 I'll go over why any move for #Bitcoin from here will be detrimental & why it's either gonna become a HTF distribution or re-accumulation
1/15👇
That's the reason why I was giving examples of times in the ranges at the start. Because a breakdown of the longest one at the top would confirm a distribution
Hence anyone telling you about lower prices & then a bull market, clearly don't understand market dynamics
This $BTC range has been going on for 176 days now so my question to you is,
How have you improved yourself the past 6 months?
Did you learn any new skills that generates income?
Have you reflected back on your investing behavior, identifying and learning from your mistakes so it does not happen again going into Q4?
Have you worked on your mental strength by going to the gym consistently?
You know what they say, look good equals feel good which will translate into other aspects of your life.
Or did you just cry about your portfolio being in drawdown because you fomo’d in at the highs?
The point I’m trying to make is that 6 months is SUCH a long time, more than enough to learn ANY new skill to level up in life.
I can make you a profitable trader in 6 months time, as long as you are willing to put the hours in.
While reading this I want you to reflect back on the past 6 months and truly
be honest with yourself.
If the conclusion is disappointing…..
There has never been a better moment to start than RIGHT NOW.
"Looking for 1 more sweep of the lows"
Listen, we had our sweep. We had the shakeout. We had the pain.
I don't think the low sweeper boys will ever bid. When #Bitcoin pulls back -30%+ after a halving, you shove. That's what history tells us is the best thing to do.
There are always a million reasons to be bearish. It's not profound to recognize all of the things that are going wrong in the world... we're all VERY aware of the issues.
Also... we all know about the yield curve un-inverting. We all know that the fed is about to cut rates & what that historically means for stocks. We all know how much debt the consumer has right now. The problem with bears is that they think they know something that we all don't. It's like they think that they're the only ones who have access to this super public data or something.
As a trader human psychology fascinates me and I have been seeing a noticeable shift in mindset of the average crypto retail investor.
Prior to this macro range on $BTC where most of our altcoins have retraced over 70% a lot of people were up a lot of money.
However in that EXACT moment the only thing they envisioned was what their portfolio would look like if $BTC moved up to 100K. And trust me, in that moment that is EXACTLY what they thought was going to happen.
Now, 160 days later, after an aggressive price AND time capitulation, most retail traders have come to the realisation that they were actually pretty happy with the valuations of their crypto portfolios around it's ATH.
They have become WAY more conservative with their targets. For example, if prior to this macro range they were aiming for a 10x of their portfolio that can have changed to a 5x now.
These same people with the mindset of 'If we get back up there I am definitely taking some profits this time'
will be the same people that take profits TOO EARLY.
And guess what is going to happen?
A new bullish scenario will unfold making them think that 'OMG, BTC can actually hit 200K this cycle' and they will easily jump back in the markets at HIGHER prices to see their portfolio go up ever so slightly until.... BLOOD appears on the streets.
My advice?
Collect data on when cycles tend to top and HOW they top, make an exit plan based around slowly scaling out of your investments, STICK to the plan
but most importantly
Treat this new upcoming bullish crypto wave as a NEW trade, not thinking of any old lost unrealized profits.
At your request, here is the 2016, 2020, & 2024 $BTC halvings marked out with Q3 transitioning into Q4.
#Bitcoin typically behaves poorly for the majority of Q3 with September being a chop fest, then Q4 is good.
Hopefully this time is NOT different.
Imagine capitulating here, just 4 months post halving. Not gonna be me.
$ETH isn't dead, banana zone is loading... stop being a bitch and believe in something