Bitcoin Nosediving: Left translated cycle invalidated ??

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Camel Finance

Camel Finance

19 күн бұрын

Bitcoin Nosediving: Left translated cycle invalidated ??
FOMC today - markets scared of hike?
Powell to speak - we look for tie colour
Bitcoin countdown to blast off = 18 days
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Пікірлер: 209
@camelfinance
@camelfinance 17 күн бұрын
Download the highly requested 'An Introduction to Trading Cycles' PDF here: camel-finance.creator-spring.com/listing/an-introduction-to-trading-cyc?product=1227 Become Camel Crew member here: kzfaq.info/love/r_DLep7UQ0B_IFhvTORu8Ajoin Send me something: Camel PO BOX 429 EX32 2LD Support my work here: www.buymeacoffee.com/camelfinance Buy PHYSICAL Gold & Silver here: www.tavexbullion.com Use code 'CAMELCREW22' to claim a discount on the following products Gold: Seymour Unicorn 1oz Seymour Unicorn 1/4oz Beowulf 1oz Tavex 1g Bar 1oz Gold Britannia 1/2oz Gold Britannia 1/4oz Gold Britannia 1/10oz Britannia Silver: Britannia Liberty Silver Coin British Royal Arms Coins Australian Kookaburra
@32GaugeSlug
@32GaugeSlug 17 күн бұрын
This 'correction' as far as a % goes, is no different than the wave 2 correction. It's the same fractal. Down to the bull market support band at a bit above the 127.20% fib. We recover out of this quite quickly for the end of the month. Seems legit.
@SM1L3Y88
@SM1L3Y88 17 күн бұрын
Very good PDF bought it and love it!
@reallymakesyouthink
@reallymakesyouthink 17 күн бұрын
If I was anymore bearish I'd be stealing picnic baskets.
@chrismcconkey9543
@chrismcconkey9543 17 күн бұрын
Sounds bullish
@wootsat
@wootsat 17 күн бұрын
Ey BooBoo, get me that McDonald's application!
@damianococcia377
@damianococcia377 17 күн бұрын
It’s just same old same old. Bullish sentiment before bull market dumps, which brings normies to fear, which brings big money to stack, which brings to bull market euphoria. Times, trends and assets may change but human psychology stays the same
@camelfinance
@camelfinance 17 күн бұрын
exactly
@wissiwizard4536
@wissiwizard4536 17 күн бұрын
Since watching your channel I have been much better at staying calm and looking at invalidation levels during these types of moves, it has really helped, cant thank you enough Camel.
@camelfinance
@camelfinance 17 күн бұрын
Excellent!
@floatas2121
@floatas2121 17 күн бұрын
Same. I just keep buying a bit if there is a dip.
@briggsrl7755
@briggsrl7755 17 күн бұрын
There is soooo much fear out there right now!!!
@camelfinance
@camelfinance 17 күн бұрын
yeah and toxicity is rising right into the cycle lows - same ole same ole...
@tygyrlylly8079
@tygyrlylly8079 17 күн бұрын
Just what we needed!
@theoneandonly4486
@theoneandonly4486 17 күн бұрын
U said we gonna blow top july 2024​@@camelfinance
@wissiwizard4536
@wissiwizard4536 17 күн бұрын
@@theoneandonly4486 at least wait until July before writing it off lol. Or at the very least let’s see if we bounce from the cycle low in a couple of weeks first 😂
@rammingspeed5217
@rammingspeed5217 17 күн бұрын
You can fear DEEZ NUTZ!
@theunlearnedmind7374
@theunlearnedmind7374 17 күн бұрын
The sky is falling!! 🔥🔥🔥 Camel crew vibing. 😁
@braaap6292
@braaap6292 17 күн бұрын
I've been waiting for a 52k retest and resumption for months now. Would be beautiful.
@braaap6292
@braaap6292 17 күн бұрын
I've consumed various financial content on KZfaq for 4 years now. Yours is easily among the best. Fast paced, no bs, straightforward and easy to understand and take action on.
@camelfinance
@camelfinance 17 күн бұрын
thank you!
@thecooler68
@thecooler68 17 күн бұрын
Camel make the pain go away 😂
@camelfinance
@camelfinance 17 күн бұрын
cant spell crypto without cry...
@Hayterwave
@Hayterwave 17 күн бұрын
He does though
@ja.digital617
@ja.digital617 17 күн бұрын
@@camelfinance lol
@Prim3Pursuits
@Prim3Pursuits 17 күн бұрын
Thank you for the hopium!
@MarketChef420
@MarketChef420 17 күн бұрын
Thanks Camel, I saw the title and thought "how can it be invalidated' lol Thanks for always keeping calm and on top of things :):)
@a.c.slater573
@a.c.slater573 17 күн бұрын
I want it to hit 50-52k or lower so I can ape into Alts 😂
@Scorch428
@Scorch428 17 күн бұрын
Its PURPLE!!!!!!
@briggsrl7755
@briggsrl7755 17 күн бұрын
So good! Thanks Camel!!
@camelfinance
@camelfinance 17 күн бұрын
Thank you too!
@joelbryant5999
@joelbryant5999 17 күн бұрын
Cool, calm and collected. Appreciate the update thanks Camel 👔
@camelfinance
@camelfinance 17 күн бұрын
Thanks Joel!
@oranmehmet7628
@oranmehmet7628 17 күн бұрын
Glad you enjoyed the fishing ❤
@camelfinance
@camelfinance 17 күн бұрын
thank you
@diegokauw2443
@diegokauw2443 17 күн бұрын
Thanks Camel!
@englishsteel-nz6im
@englishsteel-nz6im 17 күн бұрын
Going to be the usual cycle like I've been saying lol... chopsolidate, regroup, run hard into 2025 and higher than expected once picks up steam. Likely Trump W in Nov which is very bullish for American mkt.
@RichardJ.Schueler
@RichardJ.Schueler 17 күн бұрын
positive attitude 👍
@NoPain-NGain
@NoPain-NGain 17 күн бұрын
Great update lets see what happens today, I believed there would be a lower point for bitcoin aroung 56k and perhaps even a more extended one in stocks, taking the july highs for the S&p and nasdaq to the lows in October those fractals to the low appear to being replayed very closely over the last few weeks and would have the low late June.
@marcdavidke
@marcdavidke 17 күн бұрын
thank you Camel 😁😁☺️
@camelfinance
@camelfinance 17 күн бұрын
thanks Marc!
@christopherstewart9874
@christopherstewart9874 17 күн бұрын
Purple!
@danielhodgson4236
@danielhodgson4236 17 күн бұрын
Hey camel. An alternative view re gold and bc, timing is off and the left sided cycle has peaked already. BC has been parabolic for some time. Now we could be in a Wycoff type 2 distribution pattern in the D or E phase.
@Hayterwave
@Hayterwave 17 күн бұрын
Sold off my margin. Waiting for your signal to go back in, thank again camel 🐫 👨‍🔬
@camelfinance
@camelfinance 17 күн бұрын
not long now... ~ 18 days ish
@brandoncook6383
@brandoncook6383 17 күн бұрын
It's all good everyone. Keep buying lmao 50k incoming
@ilovemyprs
@ilovemyprs 17 күн бұрын
Thank you Camel, glad to hear you had fun on your trip ♥
@camelfinance
@camelfinance 17 күн бұрын
Thank you!
@tigreclaws
@tigreclaws 17 күн бұрын
I don't even trade i just love the memes
@trevordeanphoto
@trevordeanphoto 17 күн бұрын
Camel, I love your videos! .. you’ve been influential in refining my trading strategy and TA, but more importantly my psychology and ability to counter the monkey 🧠 .. keep the videos coming. Also, the memes are best intro ever 😂
@camelfinance
@camelfinance 16 күн бұрын
Thank you!!
@lampsbright8062
@lampsbright8062 17 күн бұрын
Great video. Thanks!
@camelfinance
@camelfinance 17 күн бұрын
You're welcome!
@grantpalmer2421
@grantpalmer2421 17 күн бұрын
So so PURPLE !
@grantpalmer2421
@grantpalmer2421 17 күн бұрын
Check out the weekly RSI uptrend support line for BTC ... seems like we could be very close to a bounce!
@cheesyandy1
@cheesyandy1 17 күн бұрын
Same thing happened immediately after the US ETF were released. 20% dump down to 38k then boom straight up to 70k.
@impermanenthuman8427
@impermanenthuman8427 17 күн бұрын
What if we have had the left translated top already? And it’s was just a double (triple?) top with last bull peak?
@CPMinvest
@CPMinvest 17 күн бұрын
Glad fishing went well bud. Great vid as usual 👍 Interesting that LSE BTC ETN launches on 28 th May maybe a thing or not. Happy days take care 👍🥃👍
@camelfinance
@camelfinance 17 күн бұрын
Thanks bud! yeah it probably is a thing.... Cheers bud you too speak soon!
@chazdean201
@chazdean201 17 күн бұрын
51k then 📈
@tallisaquilina2784
@tallisaquilina2784 17 күн бұрын
Great vid bro. If the left translated cycle gets invalidated, what would your estimated timeframe be for the top for alts?
@camelfinance
@camelfinance 17 күн бұрын
if it becomes invalidated then we would likely be focused on a standard 4 year cycle shape - suggesting late 2025 for the top, with alts a few weeks after bitcoins top
@thesealpf
@thesealpf 17 күн бұрын
You’ve probably discussed this, but IF we now went into a multi year bear, would it not still count as a left translated cycle? Just without the blow off top?
@camelfinance
@camelfinance 17 күн бұрын
yes it would
@thesealpf
@thesealpf 16 күн бұрын
@@camelfinance I guess sometimes it hurts to be right 🤣
@camelfinance
@camelfinance 16 күн бұрын
lol yeah!
@martinseanhunt
@martinseanhunt 17 күн бұрын
Great work Camel! Just going off of sentiment alone, I get the sense we're likely close to a bottom. Crypto twitter is full of people "leaving crypto for their health", interestingly I remember a lot of that same sentiment around the july '21 lows, which from a timing perspective would make a lot of sense.
@camelfinance
@camelfinance 17 күн бұрын
thank you - yeah I agree! couple more weeks and all those people living in fear now will be even more upset lol
@godfirst6629
@godfirst6629 17 күн бұрын
@@camelfinance how many more weeks? 😂
@goldeagle8051
@goldeagle8051 17 күн бұрын
I'm just wondering how a left translated cycle can still play out against the backdrop of possibly no rate cuts and less than expected QE this year? Whereas it would seem more likely to go into a right translated one with rate cuts and more QE in 2025?
@camelfinance
@camelfinance 17 күн бұрын
if it plays out it implies something will break forcing the fed to cut against its will. but cant rule out either left or right translated cycles for some time yet
@johnanon658
@johnanon658 17 күн бұрын
Lol, hawkish w a doveish undertone. Interpreting powell is like considering the flavors of a wine, so many subtleties.
@shawnbennett912
@shawnbennett912 17 күн бұрын
Interesting. I don't think alt/btc pairs are participating in this btc dip as much. Not sure if that means alt sellers are exhausted or btc has more dip left. Time will tell.
@stevevandoom
@stevevandoom 17 күн бұрын
Bitcoin doing bitcoin things, I left for a day and wow action finally! Back to coffee and camel it is
@camelfinance
@camelfinance 17 күн бұрын
little bit more patience and we should be there!
@Hayterwave
@Hayterwave 17 күн бұрын
Nah you gotta cook some eggs too that's the meta
@uvalaw2014
@uvalaw2014 17 күн бұрын
Markets all down in the morning then I check in again late afternoon and a complete reversal. I guess it was a purple tie.
@rn6852
@rn6852 17 күн бұрын
I can relax now, he had purple tie... PHEW!!!
@adoptedbybitcoin
@adoptedbybitcoin 17 күн бұрын
Purple tie means?
@darthbrooks4933
@darthbrooks4933 17 күн бұрын
🔥 as usual bro
@camelfinance
@camelfinance 17 күн бұрын
thank you!
@SM1L3Y88
@SM1L3Y88 17 күн бұрын
If daily candles start to close below 60k BTCUSDTP, should i still keep my 120k options for end of September? I'm all good right?
@chrisosullivan6965
@chrisosullivan6965 17 күн бұрын
Ye know when just before a tsunami wave hits the water receeds dramatically.... "It's not about money....its about sending a message"
@Ryan-wx1bi
@Ryan-wx1bi 17 күн бұрын
I wouldnt be shocked if its the end. Wouldn't this cause the most pain? Mostly because i thought about selling at 75k and didn't 😂
@brenden5721
@brenden5721 17 күн бұрын
"Buy when there's blood on the tie." -Barren Wuffett
@crisper1614
@crisper1614 17 күн бұрын
It’s purple! It’s puuurrrrple!!!!!!
@MrJoelkamins
@MrJoelkamins 17 күн бұрын
Come on purple tie!!!
@Memee833
@Memee833 17 күн бұрын
Red tie........possibly
@christopherstewart9874
@christopherstewart9874 17 күн бұрын
Red tie at morning, Saylor take warning.
@lukang72
@lukang72 17 күн бұрын
Purple tie
@one5872
@one5872 17 күн бұрын
52k indeed shorts are in the green I think your timeframe for an expected big move either side is a little bit too short. I don't see us moving like that until august-september not june
@eyesonn
@eyesonn 17 күн бұрын
Good to see swing lower nice timing just before Jays tie appears
@camelfinance
@camelfinance 17 күн бұрын
💯
@eugenefritz5459
@eugenefritz5459 17 күн бұрын
Thanks
@camelfinance
@camelfinance 17 күн бұрын
Thanks!
@milkyporridge5929
@milkyporridge5929 17 күн бұрын
What did you catch camel? Good weather for the plaice my end 👍
@camelfinance
@camelfinance 17 күн бұрын
Usually I sea fish but I went course fishing yesterday so plenty of carp
@CHUCKZ2
@CHUCKZ2 17 күн бұрын
I don't like plan b stock to flow model because it has never been in a recession and those grey bars should be getting cut in half after every ath... 8mil by 2030? The more BTC pushes up, the less returns it'll give. It won't 2x-4x every time we're in a bull market for example ( in the future) 150k low to 300k high and the same goes for the downside side. It will eventually "balance" out more. Just my two cents from my own personal research.
@roberttuzzolo119
@roberttuzzolo119 17 күн бұрын
I think we hold support at 52k and go straight to 65k within a month.
@officialturtletrader
@officialturtletrader 17 күн бұрын
Camel let me get this idea out there... Hong Kong just released the first Bitcoin and Etherium ETF in all of asia yesterday and they had lackluster performance. This is not to be expected since most of the movement that bitcoin receives happens in Asian session, indicating stronger demand for this asset in the region. At the same time that the ETF gets released, we see price these two assets start to get sold. The idea is, that we are seeing price drops, due to an outflow of institutional money to allow Asian participants to get their money in at better prices. Ill try monitor the Hong Kong ETF's to see sentiment shifts and money starts to flow in.
@damad77
@damad77 17 күн бұрын
What happens if Powells wearing a blue and purple tie? Does this mean on balance it’s definitely a bruising time ahead?!
@camelfinance
@camelfinance 17 күн бұрын
if he does that again it means he really does know we know lol
@FFDrome
@FFDrome 17 күн бұрын
Do you fish in salt or freshwater? What did you fish?
@camelfinance
@camelfinance 17 күн бұрын
usually salt but yesterday I went carp fishing
@YeshuaDavidson
@YeshuaDavidson 17 күн бұрын
Today is the sell-off !!! Put your seat belts it's gonna be bloody !!
@brandoncook6383
@brandoncook6383 17 күн бұрын
I should start my own channel
@Amphibitile2
@Amphibitile2 17 күн бұрын
1:34 ahaha left translated is dead? It's happening right now, this is our left translated peak💀💀🤣
@camelfinance
@camelfinance 17 күн бұрын
the people that cant define left translated are the ones laughing and thinking it's dead lol
@serbzero
@serbzero 17 күн бұрын
Purple tie son! We're good. Until we dump again in few days... 🤕😂
@serbzero
@serbzero 17 күн бұрын
Well shit... I was wrong, dump much sooner lol, same day
@kushcreature9779
@kushcreature9779 17 күн бұрын
👊👍🐫
@victorxnm
@victorxnm 17 күн бұрын
DCA fire sale. Merl, Ornj, Truf, sei, jup, manta, csix, mintlayer, volumint , gfi, portal, Ondo, Pendle, pyth, zeta, dym, prcl, cgpt.
@MrMoneyMatrix
@MrMoneyMatrix 17 күн бұрын
Bitcoin price stopped just above the monthly 21 M.A
@drwayne_carter9115
@drwayne_carter9115 17 күн бұрын
Slow bleed down from here until September then we moon and peak in April 2025 just like every 4yr cycle before
@jllarivee60
@jllarivee60 17 күн бұрын
I've got some chips for this dip "Omm nom nom"
@brandoncook6383
@brandoncook6383 17 күн бұрын
You gave 3 options so now you don't have to say youre wrong lol
@camelfinance
@camelfinance 17 күн бұрын
there are always 3 options... up down or sideways
@brandoncook6383
@brandoncook6383 17 күн бұрын
@@camelfinance and it went the 3rd option , invalidated cycle low. So 2 out of 3 are a fail. You pretty much laughed at lower than 59k for a month now. And it has now happened. So in my eyes you are wrong . I just when like when people admit they are wrong. I could give every option as my opinion and call myself right everyday, doesn't make me right.
@brandoncook6383
@brandoncook6383 17 күн бұрын
@@camelfinance after a year and a half of listening to you before I invested a lot, so you could earn my individual trust and you did. Then I finally invest a bunch at your last trade setup at 72k, against my internal thoughts. and watched it slowly go all the way down and liquidate me at 57k while you say we good and going up. That's pretty aggravating camel. Like I've said 100 times. Your cool emotionally right now because you got in at 16k. I didn't. Most of your followers didn't either.
@wissiwizard4536
@wissiwizard4536 17 күн бұрын
He did say this lower cycle low was always an option, just like he showed with bob Loukas 2 paths today. He got stopped out and showed it today. Camel doing camel things, do you really think the cycle low won’t show up in about 2 weeks? I’ve seen enough camel to be sure he’ll get long out of that cycle low and bitcoin will keep going higher. It’s trading, sometimes you get stopped out but overall I’m sure he will continue to profit from these markets. No reason to doubt him tbh.
@brandoncook6383
@brandoncook6383 17 күн бұрын
@@wissiwizard4536 I could give every option there is and call myself right no matter what happens too!
@theinternetiscancer2330
@theinternetiscancer2330 17 күн бұрын
FED interest rat s are "irrelevant". The global bond market will evaporate if the BoJ raises interest rates. And since the Yen is tanking this could happen sooner than later.
@CodingAbroad
@CodingAbroad 17 күн бұрын
There is talk that 42k is the next stop
@talawanda5164
@talawanda5164 17 күн бұрын
yes this is true we see normal pullbacks of 30-40% but what is not normal is we already broken the parabola line of this bull market... So in actual terms we are now in a bear market. no matter how you wanna turn it. Thats a fact!.
@camelfinance
@camelfinance 17 күн бұрын
I dont use parabolas as they can be adjusted many times over - I use 3 trendlines with increasing steepness as they cant be cheated - they are both in tact
@poserexposer718
@poserexposer718 17 күн бұрын
Hope it drops to 5k at that point I'll but in.
@UniDeathRaven
@UniDeathRaven 17 күн бұрын
++ fuck btc, give us chance to get rich.
@zetka102
@zetka102 17 күн бұрын
should be interesting day
@camelfinance
@camelfinance 17 күн бұрын
yeah I think so!
@KangaroozADA
@KangaroozADA 17 күн бұрын
crypto seems a bit unique in "reverse fomo" cause everyone is chill buying in the bear but freak out in the bull because they all know it long the cycles are lol
@MrMr-dn7vs
@MrMr-dn7vs 17 күн бұрын
Yeee boiiii! Let's get rekt🍺
@nqkoi159
@nqkoi159 17 күн бұрын
Unless we go down more than ~50%, bull market continues in my opinion. And even then, just wait for the next one.
@arafali947
@arafali947 17 күн бұрын
Parabolic blow off top still on though right Camel? 😂
@wissiwizard4536
@wissiwizard4536 17 күн бұрын
Noob 😂😂 Nothing has changed
@camelfinance
@camelfinance 17 күн бұрын
lol I will cover tomorrow specifically for you
@ja.digital617
@ja.digital617 17 күн бұрын
whats good, camel!
@camelfinance
@camelfinance 17 күн бұрын
Just chilling until the cycle lows brotha!
@ja.digital617
@ja.digital617 17 күн бұрын
@@camelfinance yessir!
@ryanplasch6689
@ryanplasch6689 17 күн бұрын
Market Makers trying to flush out retail ahead of Melt up.
@camelfinance
@camelfinance 17 күн бұрын
💯
@timhet200
@timhet200 17 күн бұрын
M2 and btc.d…those that know, know ;)
@Buckaroo801
@Buckaroo801 17 күн бұрын
No more left translated cycle
@camelfinance
@camelfinance 17 күн бұрын
lol - define left translated cycle... if you could, you wouldnt be making such silly comments
@Buckaroo801
@Buckaroo801 17 күн бұрын
I know, I know. 🥴
@joeharry32817
@joeharry32817 17 күн бұрын
What was the billions usdc transferred to CB the other day.. US gov shorting BTC? ..they cant stop it legally..but surely they need not a lot of USD daily relatively speaking to short BTC to preserve USD hegemony at any cost
@a.c.slater573
@a.c.slater573 17 күн бұрын
I think that money will be deployed when the cycle low is reached
@sooie27
@sooie27 17 күн бұрын
It felt like a mini blow off top a few weeks ago. I should’ve sold all my alts then
@a.c.slater573
@a.c.slater573 17 күн бұрын
@@sooie27 hindsight’s a b*tch
@davesantos2514
@davesantos2514 17 күн бұрын
Camel takes one day off and everything implodes.
@camelfinance
@camelfinance 17 күн бұрын
😂
@sa1sa624
@sa1sa624 17 күн бұрын
Everyone turning bearish
@camelfinance
@camelfinance 17 күн бұрын
yeah and VERY toxic in some of the comments lol
@sa1sa624
@sa1sa624 17 күн бұрын
@camelfinance honestly it's reminding of when 6k was the bottom than flushed down to 3k. Wonder if we see something crazy like that
@keithoftheshire2805
@keithoftheshire2805 17 күн бұрын
Thanks again.......... Jedi master level insights. 😎
@camelfinance
@camelfinance 17 күн бұрын
My pleasure!
@ArcaneErudition
@ArcaneErudition 17 күн бұрын
Eek it's may first and BTC is shitting the bed. Surely this is permanent and not a shake out.
@camelfinance
@camelfinance 17 күн бұрын
must be the end of the bull run and the start of the death of bitcoin...
@juniewelton
@juniewelton 17 күн бұрын
It's all over for now I'm afraid. This going to be a 2019-esque miserable shake.
@camelfinance
@camelfinance 16 күн бұрын
😂
@jesusemilioreyesescamilla5525
@jesusemilioreyesescamilla5525 17 күн бұрын
new bomb
@neiledwards5578
@neiledwards5578 17 күн бұрын
Its not about profits its about the experience 😂
@Cemow777
@Cemow777 17 күн бұрын
H5N1 just spread to mammals then the next day the market dumps. Concerning.
@AlexC-O_O
@AlexC-O_O 17 күн бұрын
We did turn bearish on ichimoku cloud and broke below 100 daily MA, several analysts are calling btc bear market, but maybe it's all part of the plan. 🤔
@camelfinance
@camelfinance 17 күн бұрын
that is interesting but not my discipline - for me it's all about that cycle low - find that a continue up and that's all I need to see to know my idea is yet to be invalidated. Find that cycle low and roll over and I need to go back to the drawing board - today will be interesting after FOMC
@AlexC-O_O
@AlexC-O_O 17 күн бұрын
@@camelfinance I actually like your idea, don't get me wrong. Weekly ichimoku is still bullish, I like using that indicator because it gives me a snapshot of where the price is currently heading and on what timeframe. :)
@HYEOL
@HYEOL 17 күн бұрын
Only a trillion 😵😵😵😵
@camelfinance
@camelfinance 17 күн бұрын
it's all relative - compare it to stocks or bonds etc. and it's a drop in the ocean
@postlude1
@postlude1 17 күн бұрын
Looks like everyone including me is waiting for 52k, which probably means it doesn’t happen!
@camelfinance
@camelfinance 17 күн бұрын
more likely now we have a failed daily cycle but I do wonder if everyone is too bearish?
@brandoncook6383
@brandoncook6383 17 күн бұрын
That was the left hand translated cycle. You aren't getting it. The big boys own most of it now. They aren't letting it go to a million bucks. Bitcoin will do this forever now as they suck any liquidity up that ever comes in. Doesn't change much except we lost money now . Doesn't change much hahahahaha
@camelfinance
@camelfinance 17 күн бұрын
dont speak in absolutes about things like markets...
@wissiwizard4536
@wissiwizard4536 17 күн бұрын
The amount of haters in the comments 😂😂😂 LeFt TrAnSlAtEd CyClE iNvAlIDaTeD bRo 😂😂😂😂
@camelfinance
@camelfinance 17 күн бұрын
hahaha
@davidtunstall6454
@davidtunstall6454 17 күн бұрын
Sadly I am coming to the realisation that maybe there is simply not enough interest in crypto by mainstream investors or new money entering the market yet, to maintain BTC above a 70k price point. Three times now in 3 years we have been rejected from the 65-70k range, not because people are selling, but because no one is buying. Note how low the volume profiles drop off anytime BTC is over 60k, approximately 80-90% less trading volume than when it is in the 20-25k range. Even the ETFs have confirmed this with zero inflows last week and now most of them switching to net outflows. Is it possible that we expect a parabolic blow off top because it is halving year, but that there may simply not be enough interest in the crypto space yet, and that this year will be a nothing burger and we will have to wait another 4 years to see 100-150k?
@camelfinance
@camelfinance 17 күн бұрын
nothing out of the ordinary imo - we just need a cycle low - until enough time has elapsed we cannot move higher - that is all there is to it in my opinion.
@a.c.slater573
@a.c.slater573 17 күн бұрын
I think the top is closer to 80-90k rather than 100-200k btc
@davidtunstall6454
@davidtunstall6454 17 күн бұрын
I hope I'm wrong and you guys are right, either way I'm in BTC long term, just my thoughts on the matter. If it dumps more you can be sure I'll be there buying more as I have a 20+ year horizon 😊
@a.c.slater573
@a.c.slater573 17 күн бұрын
@@davidtunstall6454 I only mean for this bull run, when they eventually crash fiat and push their cbdc’s and cashless society I’m sure btc will be 10x from here but not a world I want to be surviving in.
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