Ok generally speaking we’re back where we were and still breaking down. We sniped that bounce well which was great. Now we wait for lower or a close higher.
The halving was yesterday. It’s priced in because it’s a well known supply event. Miners have been building inventory to stay profitable. Aka - they have the Bitcoin to double the amount they sell daily even though they are mining less per block. Every industry does this. Macro signals are all downturning through May and etf flows are shrinking. We need a catalyst and there isn’t one coming. Usually means lower prices and reaccumulation for ath break later in the year. If so. We get to buy the generational bottom at awesome prices. If not. We buy higher and haven’t lost much. Good place to be.
Also: every time I post one of these the market does something unexpected so as always - the plan can change v quickly dependant on the cards that are dealt.
Of course, the cryptocurrency market is affected by many factors, but I look at it differently
As long as there's a possibility it hasn't been corrupted for the first time in past history, it could be impressive, because assets in the digital currency market are highly correlated with each other after an entire season.
Anyway, Date of Bitcoin halving event + 80 weeks is the time of the expected top.
Knowing that I do not invest in Bitcoin, I believe in the blockchain infrastructure sector and infrastructure applications sector only, not Bitcoin.
Also, investing in Bitcoin after the halving event is considered a low-return investment compared to other opportunities in ALT's.
You can compare the average return over a long period of time between TOTAL and TOTAL2.
Investing without Bitcoin is better in the long term, but I am only interested in it because of seasonality, correlation analysis, and abnormal phenomena only.
@NastyWaffle @NastyWaffle