Market cycles applied
Updated
Rince and repeat...
Not going to waste too much time explaining this those that don't understand the chart don't understand my explanations either anyway (and don't read I assume).
They were euphoric. Telling every one how right they were ("I am a genius"), the natural next step is complacency which we are clealry experiencing in my eyes "we just need to cool off" "look at this not forced at all bull triangle", then price goes down & they are in denial then anxiety then rekt. The usual.
What is new and interesting thought is that Donald Trump after manipulating the US indices (and he celebrates every Dow new high I am not even sure he mentionned 3k SnP), and telling every one he would like to manipulate the usd "since china and europe are devaluing their currencies" (more weaker usd = indices higher for same inflation adjusted prices), now is showing that perhaps he wants to manipulate ponzicurrencies too?
Cryptos bad.
Stonks good.
Not going to waste too much time explaining this those that don't understand the chart don't understand my explanations either anyway (and don't read I assume).
They were euphoric. Telling every one how right they were ("I am a genius"), the natural next step is complacency which we are clealry experiencing in my eyes "we just need to cool off" "look at this not forced at all bull triangle", then price goes down & they are in denial then anxiety then rekt. The usual.
What is new and interesting thought is that Donald Trump after manipulating the US indices (and he celebrates every Dow new high I am not even sure he mentionned 3k SnP), and telling every one he would like to manipulate the usd "since china and europe are devaluing their currencies" (more weaker usd = indices higher for same inflation adjusted prices), now is showing that perhaps he wants to manipulate ponzicurrencies too?
Cryptos bad.
Stonks good.
Note
Uh I forgot to name this part 3 and link the previous ones.I was doing something else at the same time.
BTC price slowly but steadily going down.
We are in mid July, not going to expect anything violent.
Happy with what I get. I do not want to take profit early here, really want to hold.
Linking part 1 in this update then:
And 2:
Also, part 0
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