Everyone is running around with their heads on fire over a textbook bullish descending broadening wedge pattern. Which I’d say is pretty damn bullish. If we’re lucky, the negative sentiment will trigger a short squeeze, to shake out the leveraged degenerates out of the market, before the bull run. Don’t be a bitch, buy the dip.
Below, you can see m1 and m2 are grinding into an upward trend reversal. Eth and other alts don’t do well when the money supply is in a contractionary stage. But they run wild in the expansionary stage. If Trump wins the election (like it or not, it’s looking pretty likely) we’re going to have rate cuts and a crypto friendly cabinet. Rumor has it that Kamala...
There are a lot of punk ass bitch, thin skinned, yuppy day traders that will tell you “the ETF is priced in” or “it’s a buy the rumor sell the news event”. Anyone that understands what Ethereum is and why it matters, knows the ETF is irrelevant. It wasn’t designed to be a novelty derivative for hedgies and brokers to speculate on. Ethereum is designed to...
In 2021, I was convinced that the power law model had been broken and wrote it off as invalidated. But when I turned on the halvening date indicator, it marked the exact top of the last market cycle. Coincidence? I THINK NOT! Get on the gravy train now! Next stop $300k motherfucker!
Look at my only other post here, from back in 2022. Somehow I called the end of Bitcoin’s bear market. I figured I may as well post an update, now that we’re back near all time highs, before the halvening.
I suspect crypto entered peak despair, after Celsius, BlockFi, 3AC, FTX, etc. self destructed. It’s actually a net positive when these scams go under. It purges derivatives that dilute the supply from the market. There are still a few more fractional reserve banking scams that I’d like to see walk the plank, but the lion’s share has already been nuked. So I...