$BTCUSD: Silver after 2011 top analogue
Overall I think we should keep an open mind and trade signals as they form, after all, we get defined targets, stops and timelines from the Timemode signals present in daily/weekly charts, that give actionable and profitable cues with a very high win rate, but, in the long run, I expect rallies to fail to get follow through and prices to grind downwards similarly to how Silver behaved after the 2011 top in precious metals. Sentiment in crypto echoes that of Gold and Silver bugs after the 2011 top (which was connected to some hysteria in the US debt rating being downgraded briefly and all kinds of death of the dollar conspiracies).
A whole industry of grifters was born with a perma bullish message in Gold and Silver, and a cult following of people stuck in losing trades, buying on the way down, fueling bear market rallies that didn't go nowhere. No one in those circles gave up and capitulated until like 2018 when following the astronomical rise of 'digital gold', physical gold vault services allowed clients to exchange their holdings for crypto, and people did it, en masse. I remember that moment well, it happened with gold triggering a weekly buy signal in early 2018, around the 1200 mark, when I published it as a low risk long term buy.
The idea here is to not marry anything and hodl, odds are it won't get you far in the coming years. Definitely be open to trading both sides when safe, with a defined technical setup, and don't use any shady platforms. I think it's probably wise to rely on traditional brokerage firms to safe guard your capital, and simply trade ETFs or futures (futures have better tax treatment when it comes to actively trading them). Contrary to prior years where we had some long term signal triggering in the 2 month timeframe, allowing us to hold and predict a bullish trend and its duration, we don't have any of that, and likely won't get it again, for a long time. Before, this pattern had allowed us to ride the bullish trend from 2016 to the top in early 2018, and the one from July 2020 to late 2021 perfectly. Eventually the market might bottom and reverse, and stage a bullish trend again, but it won't happen as soon as people think, I suspect. A lot of hardcoded 'Bulliefs' need to be challenged and abandoned by people before things can move up like they used to during bullish 'cycles'.
Best of luck!
Cheers,
Ivan Labrie.
A whole industry of grifters was born with a perma bullish message in Gold and Silver, and a cult following of people stuck in losing trades, buying on the way down, fueling bear market rallies that didn't go nowhere. No one in those circles gave up and capitulated until like 2018 when following the astronomical rise of 'digital gold', physical gold vault services allowed clients to exchange their holdings for crypto, and people did it, en masse. I remember that moment well, it happened with gold triggering a weekly buy signal in early 2018, around the 1200 mark, when I published it as a low risk long term buy.
The idea here is to not marry anything and hodl, odds are it won't get you far in the coming years. Definitely be open to trading both sides when safe, with a defined technical setup, and don't use any shady platforms. I think it's probably wise to rely on traditional brokerage firms to safe guard your capital, and simply trade ETFs or futures (futures have better tax treatment when it comes to actively trading them). Contrary to prior years where we had some long term signal triggering in the 2 month timeframe, allowing us to hold and predict a bullish trend and its duration, we don't have any of that, and likely won't get it again, for a long time. Before, this pattern had allowed us to ride the bullish trend from 2016 to the top in early 2018, and the one from July 2020 to late 2021 perfectly. Eventually the market might bottom and reverse, and stage a bullish trend again, but it won't happen as soon as people think, I suspect. A lot of hardcoded 'Bulliefs' need to be challenged and abandoned by people before things can move up like they used to during bullish 'cycles'.
Best of luck!
Cheers,
Ivan Labrie.
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