An alternate view of #Bitcoin cycles.

1/

First off, h/t to @888Velvet who has had a similar read for quite some time.

I started following this man not long ago and he is a tremendous talent.




2/

And h/t to my friend @rickus_trades who shared his similar outlook not long ago, complete with EW counts, and trend extensions, both price and time.




3/

IMO this is a take on #Bitcoin's macro price history that is worth considering.

No specific timelines should be inferred from the above chart.

4/

I am not claiming the bottom is in, nor am I making a call where it might be.

I've made mistakes. Made too many short-term calls that I myself was not invested in.

But my macro outlook has not changed. And that is where my investments lie.

5/

The last 3 months I've spent considerable time reevaluating our impulsive position. In my view, we are earlier than I initially assumed, not later.

#Bitcoin has been sideways for ~12 months in what looks like a running/expanded flat, which may evolve into a triangle.

6/

If the above read is reasonable, there is a clear lengthening of macro impulses/cycles, whatever you wish to call them, but similar patterns remain.

h/t @intocryptoverse @CredibleCrypto @360_trader @CryptoMichNL @888Velvet who've been consistent in their lengthened views.

7/

Macro economics is of course a factor and there is much uncertainty today.

If you feel you know with high probability precisely how that will affect the market over the coming 12-18 months, then I assume you are comfy in your positions.

8/

My strategy has been based on securing positions long ago as investments in the full extent of this cycle, the chart of which tells me still has upside to come.

I sincerely wish everyone the best in their approach to the market and appreciate all who share their views.

9/