The reason why you are seeing mentions of "no more SHORTs," is not only because I am turning bullish but because we are reaching the end of a cycle.
The Cryptocurrency market has been bearish since March 2024, invariably. It has been going down. This chart is absolute proof of this statement, but it won't go down forever, in fact, the bearish cycle is coming to an end.
The TOTAL index closed red two consecutive weeks. The first red week produced a minor high and all was good; the second week, last week, produced a strong bearish candle and this candle closed below the previous week bearish close, producing a very strong bearish signal. This type of signal is the one that I am describing as "there is no going back."
The good news is that this is likely the end. Once the correction low is in, TOTAL (the entire Cryptocurrency market) will recover and it will recover really strong. The market moves in cycles and it fluctuates between going down and going up. There are many variations between the pairs but the general bias is always the same.
For example, Bitcoin was growing strongly together with the rest of the market until March 2024. Even though Bitcoin hit a double-top recently, there is no new highs. Earlier this year and last year, we would see and experience a clear price advance with higher highs being hit every single day or week. The same for this index, before March 2024, notice the green arrow, higher highs... Higher and higher with force. After March 2024, lower highs and lower lows.
The whole lower highs and lower lows sequence will lead to a final flush. This final flush will produce the corrective phase bottom and from this bottom we go bullish; this bullishness is what we translate as growth. We will see a clear and undeniable sequence of higher highs and higher lows. This will happen long-term until a new All-Time High is hit as part of the major 2025 bull-market bull-run.
Prepare for the crash. It will be over fast. Those unaware as to what is happening will have to undergo some pain.
If you know what is coming, you have the option to prepare and make the best of this situation. You can do nothing, protect your capital or even profit from this drop.
Whatever you do, I am rooting for you; you have my unconditional support.
Thank you for reading.
I'll you see on the other side.
The end of the bearish cycle will usher in the start of the bullish phase.
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