Hello Everyone!
In today’s video I’ll be covering the continuous surge of price action to prices now even above 48k, as well as my post from yesterday on Mid-Tops and Lower Highs.
While others are greedy, I am remaining focused on the data. If things prove beyond a shadow of a doubt that they are different, we can go from there.
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Quick Summary
Price has surmounted 48k and is now encroaching the point of new yearly highs
While greed runs rampant and others are quick to say this time is different, I will not be so quick to say that. This is the right approach as long-term thinkers before coming to conclusions that have multi-year effects
Everything about the Halving Cycles Theory remains right on track, up to this day. There is no reason to go against such long-standing cycles on a whim, we need firm price action that clearly shows something is different
ETFs are here, but we don’t know yet what effect they will have on price. If you are a long-term thinker, it is best to take a step back and wait for price to develop
The mid-top, and cycle timing suggest further decline from this point alongside a sideways period until mid-2024
On every single time frame of the liquidation heatmap, the liquidity is stacked to the downside suggesting a move to that area. This short-term measure has been extremely accurate thus far
I will continue to use the tools that have been reliable for me all this time, even if things do eventually prove to be different
