Bitcoin

BTC - Why THIS TIME is DIFFERENT (⊙ˍ⊙)

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This time IS DIFFERENT. Bitcoin has made a new ATH as I predicted in a few previous posts, but something's off...🤔

If we look at BTC from a macro view, the dates for this run up was quite extended. We do see some similarities in terms of the retracement (highlighted in blue) but from a timeframe analysis, there is no comparing this high to the previous:
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stretching from March to October where classical bear market symptoms were show - lower highs and lower lows, with a duration unlike any of the previous cycles.
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Interestingly, the previous season we increased not even 7% from the previous peak. And if we were to look at the same fractal, that places us around $116k.
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But the ONE thing, that has had me suspicious this entire time (🥁) was ETH. Overlaying the ETH chart, we see that historically, ETH peaked a week or two after the BTC ATH - until this time.
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The fact that BTC made such a dramatic ATH and Ethereum didn't? That was a new one. And even up to now, ETH is still 80% away only from it's previous ATH - imagine the altseason we will have IF ETH makes a new ATH... or will this time just be , different?





Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.