are we this late in the BTC cycle? 2-8 months
In the past few days, there have been many questions about the Wyckoff scheme in the comments and DMs, so I decided to make a separate post on this topic. 🐋
Essentially, it aligns with my version that we won't see those incredible levels of 150k or 400k for one simple reason - the market is already too inflated. Ordinary people find it easier to buy altcoins rather than #Bitcoin at such a high price. Every student is buying random dog/frog coins today for quick gains, not Bitcoin at 60k. 🤓
Moreover, #BTC sideways movement has always been a good trigger for #alts rallies. That’s why I'm convinced that new highs will come (otherwise, how to attract the crowd's attention), but they will be insignificant - like in 2021, when the new ATH at 69k only exceeded the previous one by 4k. 👀
I still stand by my theory - altcoins haven’t shown what they did in previous cycles, and clearly, with the fall of BTC.D, their time will come. This theory only reinforces my thoughts that BTC won't start a new massive rally but will give us more time to make good profits. 💰
Are you ready for this scenario ? 🙃
Essentially, it aligns with my version that we won't see those incredible levels of 150k or 400k for one simple reason - the market is already too inflated. Ordinary people find it easier to buy altcoins rather than #Bitcoin at such a high price. Every student is buying random dog/frog coins today for quick gains, not Bitcoin at 60k. 🤓
Moreover, #BTC sideways movement has always been a good trigger for #alts rallies. That’s why I'm convinced that new highs will come (otherwise, how to attract the crowd's attention), but they will be insignificant - like in 2021, when the new ATH at 69k only exceeded the previous one by 4k. 👀
I still stand by my theory - altcoins haven’t shown what they did in previous cycles, and clearly, with the fall of BTC.D, their time will come. This theory only reinforces my thoughts that BTC won't start a new massive rally but will give us more time to make good profits. 💰
Are you ready for this scenario ? 🙃
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.