Why would you EVER compare this "bear market" to the other bear markets that followed mega-bubbles?
This fucker was so all over the place with the super cycle theory just a few months ago. Man, what a dumbfuck I was for paying that much attention to such specimens.
It was the most obvious sell-the-news moment ever. The hype was real, and the event was clearly overpriced.
I agree entirely with this one. However, once the dust settles(something like quarter 1 2023) we'll get back on the bull's neck once again.
Descending triangles in crypto are a godsend and break out to the upside 90% of the time. In a situation like the one we are in now the chance is even higher because of how massively oversold everything is. In any case, I'll be proven right in 3 weeks time so I suppose I'll just wait it out.
Three weeks you say? Let's see...
<Maximalists are disgusting hypocrites.
Can't argue that.
According to the more accurate aggregated data the bull market starts in 2 weeks.
This resistance line is going to be utterly destroyed when it hits $20k.