Still think we will get another shakeout on the USD pair but this monthly inverse head and shoulders could be a generational buy on the BTC pair.
Can EWT really not get to a $5 billion market cap? Can it really not do it before the end of 2023? If it can, continuation of the current parabolic trajectory seems likely. Quality and utility likes to run early in the cycle with the garbage going to the moon late, EWT made it's move before BTC last time, will it do it again?
.1BTC = EWT you better bullieve it base case is BTC falls out of favor relative to something less speculative that provides yield over a decade of secular inflation and sideways to down risk assets. EWT has already outperformed the bond market in 2022, collateral holds value better and pays a higher yield.
Automated buybacks, time locking incentives and sustainable cash flows make it a sustainable ponzi that can't blow itself up