When Alt season? When moon? When rocket emojis?
We are yet to see first, a pullback by BTC coupled with stock market correction and destruction of Alts. Capitulation by both price and time.
Notice in prior cycle with 714 days of red and current 574 days of red at most recent bottom of TOTAL3.
NOTE: 2020 Feb-March has been omitted as a black swan (anomaly)
Recession is looming and true scale to be surfaced. Bankruptcies and commercial real estate pain needs to pass. FED cannot pre-maturely ease monetary policy otherwise a wage-price spiral is at risk and unraveling of inflation expectation demands.
I've mentioned Blackrock ETD and it's CEO going on CNBC, the point I'll re-iterate is that if markets are now bullish as they make it seem, why haven't we broke past $32k Bitcoin decisively yet?
Insert meme: "IT'S A TRAP!"
Notice in prior cycle with 714 days of red and current 574 days of red at most recent bottom of TOTAL3.
NOTE: 2020 Feb-March has been omitted as a black swan (anomaly)
Recession is looming and true scale to be surfaced. Bankruptcies and commercial real estate pain needs to pass. FED cannot pre-maturely ease monetary policy otherwise a wage-price spiral is at risk and unraveling of inflation expectation demands.
I've mentioned Blackrock ETD and it's CEO going on CNBC, the point I'll re-iterate is that if markets are now bullish as they make it seem, why haven't we broke past $32k Bitcoin decisively yet?
Insert meme: "IT'S A TRAP!"
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.