Sell the News into Bear Market LowsCXs conservative target is about $200k. (right now).
But the consensus is always wrong.
Last cycle everybody was sure about 100k (minimum).
What did we get? 69k.
So 69% lower than expected. (nice).
I unironically think that that's a good metric for estimating tops in crypto.
So 69% of 200k would put us at around $138k.
Talks about "Supercycle", "Hyperbitcoinization" and "Valhalla" getting louder and will most definitely await us once our crypto savior Trump will be inaugurated.
In other words: The biggest Top Signal ever about to hit the market.
IMO Perfect Sell the News Event for the big guys.
Especially after the psychological 100k is breached and retail panic buys.
Macro is also "not looking good bruv"– That's why I think the cycle will be cut short and a painfully long Bear Market awaits us with the lows possibly 20% lower than 2021 ATH hitting around November 26. Before that we might get a second chance to sell high with a Dead Cat Bounce.
FYI: I don't short, I don't long, I'm mapping this out for me to not get caught up in euphoria, sell around the highs and to catch the next lows.
Good Luck Have Fun !