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A weak Dollar means strong Assets
My price targets 👇
S&P500 - $7.5K
Russell 2000 - $3K+
Gold - $7K-$10K
Silver - $200-$250
Bitcoin - $200K-$300K
ETH - $12K-$15K
DAI - $1
Let's see what happens...
Bitcoin is giving bottom signals
Everyone is calling for lower prices
Historically These signals = Bottom Forming
Yes, it can go lower, but for how long?...
Price creates narrative
Narrative does not create price
Now wouldn't that be something
You never know...
Regardless, there are only 2 prices to care about
BTC: Weekly close above $95K
ETH: Weekly close above $3500
Until then, you can mentally check out
It only takes 2/3 things to start a new crypto Bull Market
#1 Clarity Act Passed
#2 X-Money Launches
#3 New FED Chairmen Lowers Rates
That's all it takes to reverse years of pain
Keep an eye out
@Amystreet The saturation of AI and algos has completely destroyed authentic dialogue
It's fairly depressing IMO too
However, i can see people starting to fight back and crave authenticity more and more
Hopefully that causes a posting shift, cuz this ain't it lol
The final sentence is the important part
Why worry about prices continuing to go down if you think BTC goes to $1M
CT is subtly convinced it won't recover
That is your edge...
That is why being greedy now is the move
Fear & Greed index is at 5
Do you think it goes to -30?
The problem with buying the dip is that you never know if it will keep dipping.
This cycle (for the first time) I started DCA-ing.
Not great so far (my average BTC entry is $76k USD, with my last buy at $67k USD).
But I'm confident that long-term, this will work out just fine
@Zinit Haha, very true
But I don't think this time is different
Crypto follows liquidity cycles
The 4yr cycle coincided with the liquity cycle
Now the liquidity cycle changed, hence BTC 4yr cycle is changing
So its "technically" the same
This is my personal interpretation though
@Zinit I hear you, but every point in history where things were wrong, it was the right time to buy
The market wants us in fear mode
Prices have been down so long people think they can't recover
Study every major crash in history, stocks included
When was the best time to buy?