I think we had enough consolidation around 17k… now it’s time to climb the steps higher imho ! The rejected Bart Simpson pattern this morning was confirmation for me but what do i know… nice recovery
Cheers Dude 😎

Whales currently trying to plan the kickoff of their next Bitcoin bull run...

When I say it's going, you say down!

it's going ? 

This liftoff has a lot of similarity to April 2019.
In 2019 the initial pump was from about $4K to $5.2K, then continued to $13.8K.
If we literally translate %, then initial spike (from 16.69K to 21.05K) was similar-26.7% in 2019 and about 25.8% here.
In 2019 the "pump" continued for another 166%, and with similar percentages we would be at $55.8K at the "local" pre-peak this year.
That would be tremendous, but kind of high end of my expectations for this early in a bull cycle, unless this bull will be much stronger than 2019-2021.
Length-wise, if we repeat (it was 3mo minus 5-6 days in 2019), in would be over by about last week of March-first week of April.
Since March 31 is the end of Q1 and April 15-18 is a typical tax day in US (this year it is on 18th), it is kind of logical to expect something in that vicinity.

I do believe that this rally signals the 15.5K bottom, but I do not believe the market will just run away and leave me behind. Inflation or Recession  or Both!?, these are the options people... but sure drain oil reserves to make CPI print look ok for a minute that'll save us! ... it's going to be a tough year for markets bitcoin included.

Macroeconomically I still think things are f'd in the US of A. Without a diligent and fierce Volcker approach to crush inflation, it continues to fester. I do not mind this, and maybe the "new" paradigm for world economies runs on inflation/debt to fake growth as the depopulation plateau begins to show its face here on earth. So legacy finance cooks the books harder than ever, and the Fed tip-toes letting inflation rest around 4% indefinitely. The CPI is misleading as is, and it is getting changed for... reasons.

The other route is the hard one, and we will have to  see bitcoin live through a true (not flash) recession/contraction.

There are many things I like about btc, but one is that it's my bet against the FED, the WEF, the IMF. Watching FED fumbling inflation has been a pleasure

You think that was a good idea? Whats that saying about not investing money that you do not have?



FTFY

I'm waiting for a $25k price, the whole market would go crazy and the buy starts, who is insane enough to sell Bitcoin now?