Markets have a very distinct and often repeating cycle that they tend to go through.
Oddly enough, many end up looking very much the same.
They end up looking something very similar to this chart here:
(Source:
)https://twitter.com/Bonez0r1/status/1155551386278518784
- Bonez0r1
Given that, where do you think bitcoin is in this market cycle?
I know where I think it is...
But I want to give you some time to mentally select where you think we are...
Go ahead and pick it out.
Ok, now here is where I think we are:
(Source:
)https://twitter.com/Bonez0r1/status/1155551386278518784
- Bonez0r1
Doesn't this look eerily similar to bitcoin's chart and to that move up to $14k we just witnessed a few weeks back?
That would mean this is currently the disbelief phase...
Look what comes next on the far left side of the chart...
Stay informed my friends.
-Doc