TechDev NewsLetter
We are apparently at the part where the ones who were wrong in 2021 because “the cycle”, are now certain of no new ATHs for years because “the cycle”.
I used to be one. I remember when my belief in a predictable 4-year heartbeat of blow-off tops that would make everyone rich, made me allergic to other interpretations.
Perhaps we are in the same macro impulse wave that began in 2019, and are seeing a similar early structure to the current sub-impulse as we did with the last (late 2020).
Or perhaps the 4 year cycle (closer to 3.5 years) if there is one, is driven by liquidity, not the halving. Perhaps we are in the early stages of a parabolic leg, similar to late 2015/2016, and those who can’t look before 2019, won’t get “one more big dip”.
If the last 2 years have taught me anything, it’s that history much more rhymes than repeats, but that rhyming can happen cross asset. #Bitcoin in my opinion, at this stage, is a speculative asset, subject to the same forces that drive any other. Be careful of blind devotion to a special “cycle” with its own set of rules. Especially ones that are supposedly easy to follow. The market never makes it easy.
To me the market makes much more sense when viewed as impulse/correction rather than bull/bear.
Some corrections are downwards (zig-zag), others are sideways (flat/triangle).
Which ones you want to swing, and which ones you want to ride/accumulate is entirely up to you.
Appreciate those who called out my flippant tweet.
Bear/bull is arbitrary and tf dependent.
I vented frustration at those who lack respect for long term strategies/convictions and flip-flip for clout.
In the process I denigrated those with shorter-term views. I apologize.
The self-congratulating short-term bear posters last night as bombs fell are suddenly a lot quieter.
Day still hasn’t closed. Week hasn’t closed. Month hasn’t closed. Year hasn’t closed.
Patience FFS.
Whatever happens to the markets in the short-term will be noise in the long-term.
Prayers for the Ukranians and all human beings tonight.
People always come first.
2021 was all about why projects A B C will moon over the years because of fundamentals X Y Z.
2022 is all about why none of that really matters and actually crypto will only go up so long as the fed prints.
Not taking a position. Just find the rapid narrative shift interesting.
This week's #Bitcoin update just posted.
+ Review of price action indicators
+ Take on the weekly and 2W closes
+ What's important for the next ones
+ Update on all trend reversal indicators
Full issue Saturday.
https://www.getrevue.co/profile/techdev_52/issues/techdev-newsletter-top-gauge-issue-15-1045368
You’re not in a bear market.
But you can wait for a new ATH for “confirmation” as many bears advised in summer, if you want.
How’d that go?
Full newsletter issue is live.
1⃣ 6 points which show #Bitcoin has been correcting for a year
2⃣ Review of $BTC.D and total alt market cap
3⃣ New system with fresh top targets for $ETH $ADA $MATIC $VRA. All previously charted #alts to come and more.
https://t.co/y9DJiKYN23
Curious why some bears are so long term bullish if they also think this cycle ended in spectacularly lame fashion with a low volume wave 5 that didn’t even reach 10% past wave 3.
Please if you live or know anyone who lives in Dubai, that can write me a report on the Dubai Cryptocurrency Market please send me a DM! @TechDev_52
I am offering to pay for this Report!