What if even the Bulls aren't being bullish enough?
164
As a disclaimer, I don't exactly anticipate that this will happen.
That being said, I anchored this 'bar pattern fractal' back in January and Bitcoin has been following it to a tee thus far.
Today I simply converted it to a line pattern to capture a clearer picture of the possibilities here..
The Bitcoin Fear and Greed index hit '20' yesterday, which exemplifies 'Extreme Fear'. Now is an excellent time to take a step back, deconstruct the nature of our socially constructed realities, and ponder yet once again what the future may hold for bitcoin.
The meta is there. Hyper-inflation in developed countries is around the corner. Bitcoin is a solution to hedge one's self against said inflation. Real estate keeps going up? Bitcoin is real estate in your pocket; with no maintenance required; no property taxes; no HOA fees.
All things considered, my instincts tell me that we are in the intermission phase right now as it relates to Bitcoin. Let it consolidate for a few more weeks, or even correct back down to $38,000-$43,000. Who cares? The point is the general trend is up.
This is half-time. Get up, walk around, stretch a bit, but you better get back in your seats before the third quarter starts.
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.