I love that.
Some investors will make the right moves. Other investors will run and cry.
Anyway, the more I look at this whole situation, the more I think we are close to a bottom and ready to experience a parabolic move upwards.
Why do I expect that?
- The general sentiment is much more negative than when we were trading near the lows (late 2022).
- The š¤”š¤”š¤” at @SECGov just decides to randomly sue everybody (coordinated attack).
- ā $BTC to $10kā narrative came back in full force.
- A ton of people couldnāt handle this market anymore so they just liquidated their Crypto holdings.
- Other āwokeā guys are sure there will ne another 90% drop and they will be able to snipe the exact bottom.
Maybe Iām wrong, but to me, all these points combined are the PERFECT RECIPE FOR A MARKET BOTTOM.
As I said many times already:
THE MAX PAIN SCENARIO IS UP, NOT DOWN.
NOW LISTEN TO THISšš»
The main problem is that the majority of people are either GLUED AT THE 4H CHART OR ARE JUST FOCUSED ON THE NEGATIVE NEWS.
As stated above, the general sentiment is trash at the moment.
In period like this, NEGATIVE NEWS gets way more clicks than POSITIVE ONES.
Thatās why we have been bombarder with them recently.
Did you notice that?
This past week you have read a ton of extremely negative news about whatās happening in the US (š¤”š¤”š¤”) and you were so focused on them that you probably didnāt notice ALL THE POSITIVE ONES that were happening all around the world (Hong Kong etc.)
This planet is opening up to Crypto. The US is fighting this market. Guess whatās more importantš
Last thing:
S&P 500 is 12% away from its ATH. (Itās currently at resistance, we can expect a pullback next week).
But, after that, new ATH by EOY is likely.
Recession is priced in. Money printer will go brrrrr
If this scenario plays out, do you really think that the Crypto market will move in the opposite direction?
HELL NOā¦
THAT BEING SAID, THIS IS JUST MY HUMBLE OPINION AND HOW I SEE THINGS.
Make sure to do your own research and decide for yourself.
I just hope you wonāt play their game and liquidate all your Crypto before whatās comingā¦
āWHEN IN DOUBT, ZOOM OUTāš¾
Another rant over.
Wish you an amazing weekend.
Close the charts and enjoy lifeš¤