1Mes
the 1-2 was actually not the rise into 2024, but the rise in 2023 to 26000$. For me, however, there are several reasons why this was not yet the top. 1). Liquidity and prices with 80% correlation would run contrary. 2) First 4-year cycle end without crossing the Pi cycle 3) First 4-year cycle end without a general exaggeration phase 4) Cycle end without Coinbase App being in the top 10 of the download charts 5) Bitcoin dominance still not below 50% 6) Some Youtubers are already calling the top (the top is usually only in when everyone says it can go even higher) 7) BILD newspaper has not yet run a headline "should you still buy Bitcoin now"
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@Dirty30 Strong arguments that were always reliable in the past👍Wild Card Trump and institutional investors are now playing a bigger role than before. Correction and crash always come when you least expect it, even if sentiment is medium and does not indicate a clear fear or greed.
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@TheRealDarthVader I don't know myself. But I always make that dependent on indicators. If the cycle ends in this way anyway, then the market will have to prove it to me 😁 So I'll just let myself be surprised 😁
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@Dirty30
1) Global Liquidity is a meme
2) PI Cycle Top Indicator is a meme (see December - January and subsequent 30% DD)
3) "Exaggeration phase? -> marginal buyers are others (ETFs, Saylor, btc treasury companies)
4) marginal buyers are others (ETFs, Saylor, btc treasury companies)
5) Weak argument
6) "You can still be right with the wrong reasons" + sentiment trading is extremely inaccurate (7)
1) Global Liquidity is a meme
2) PI Cycle Top Indicator is a meme (see December - January and subsequent 30% DD)
3) "Exaggeration phase? -> marginal buyers are others (ETFs, Saylor, btc treasury companies)
4) marginal buyers are others (ETFs, Saylor, btc treasury companies)
5) Weak argument
6) "You can still be right with the wrong reasons" + sentiment trading is extremely inaccurate (7)
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@Ph1l1pp what do you say about the time component, that the top is "always" every 3 years and 11 months. This time it would be October 2025, but I agree with you. Back then at school, I came to the right results with the wrong solutions. Of course, it could be that it's the same on the stock market 🥴
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@Dirty30 would not act accordingly, even if it could happen.
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