@morttyyyyyy @chrono_chartist BTC and crypto are new assets with limited history and sample size compared to other assets. Would suck if it’s different this time, but it’s possible
@CryptoElPres Think you are spot on related to BTC, definitely in Euphoria end in my opinion. Think a lot of people responding maybe only exposed to ALTS. People who are not in Dino coins or other coins that have 4x already are still under the March Highs for them.
@GoldnGuitars@bitcoincypher1 My favorite indicator is the 10 year 3 month spread and it uninverting. https://t.co/40Mjxp6L66 Usually have 2-6 months left in stock market once it does cross
@Vtradez Physical gold and silver might only have couple more weeks according to some cycles guys before heading to ICL in summer. Perhaps miners anticipating that move if that is the case
@SwingTr74597686 Miners do seem a bit lackluster so far, but can change on a dime. Perhaps anticipating that this is last daily cycle in physical gold before a larger correction/ICL later this summer.
@CryptoElPres Speaking of options. Looks like there was hundreds of millions of dollars worth of calls bought or rolled into for April 19th/June 21st along with later dated strikes in BITO yesterday. Am a noob with options so could be reading it wrong haha.
@CryptoElPres Definitely a possibility. Could imagine scenario after those events where corrects hard 30-40%. Then rallies to a lower 2nd “top” as well where many will think cycle will be right translated with outrageous projections on price.
@ColinSt30481392 One miner failing in a sector alone isn’t great evidence that a sector will fail/print a ICH imo. I do agree with you however combined with other evidence like you pointed out such as negative divergences in other names and an ICL in USD that an ICH is likely in gold/miners.