I am using ETH here because that is what I happened to be trading today, and I initially I drew some trend lines on November 16th, 2020 trying to get a feel for where we are at relative to the 2017 bull market cycle. At the time, it was pretty obvious what was about to happen. But I am not so sure what happens next... If historical patterns rule the world, then we get one or two more pumps and then it's over. But the world has changed, and there are more variables to consider this time which were not present after the last BTC halvings:
Is the euphoria fizzling out, or some of us simply have PTSD? PS Never published an idea before, have mercy. What do you thinkj? One more pump before she slumps, or are we sailing smooth to at least 100k, or higher? This cannot possibly just go on forever, can it? I am very much split on that. I tend to think that while the world has changed -- this cannot sustain forever. "What goes up... "
- - Institutional adoptions
- Elon Musk
- Covid and our ]Brave New World ....
- Blockchain is now a well accepted technolofy
- Global fiat economies are becoming obsolete
- Everything is remote and IT is the sector to be in
- Bitcoin hit $61,000 and this could totally just be a dip.
Is the euphoria fizzling out, or some of us simply have PTSD? PS Never published an idea before, have mercy. What do you thinkj? One more pump before she slumps, or are we sailing smooth to at least 100k, or higher? This cannot possibly just go on forever, can it? I am very much split on that. I tend to think that while the world has changed -- this cannot sustain forever. "What goes up... "