One down, one to go.
SEC General Counsel Dan Berkovitz is leaving after too many cozy nights with SBF and lots of exposure to FTX.
Now that is great but we all know that the real evil genius in this story was SEC chair Gary Gensler, his position is very much impacted by the FTX implosion.....still, this guy does not seem to start packing his bags.
Now I wonder if Gary is still invited to have a nice vegan Christmas dinner with his old pal Daddy Banman Fraud? Because they are gonna have a party over there this year. You never know when itΒ΄s gonna be your last time to play League of Legends Sammy boy.
In reality, it of course matters little if the whole SEC gets replaced, I think they still feel they need to kill crypto so we might get different faces with the same message.
But having Gensler leave might spark some positive although it will probably not last, just like the Santa Claus Rally that never came. I donΒ΄t know where they got that one from, but if I look at the chart. A chart that is so bullish and only sees BTC moving up half of the time, I stop believing in Santa right away.
A cold and Lonely Christmas
Trust me this is gonna be a cold and lonely Christmas without rally.
A painful one with us thinking, Last Christmas you sold me your bags, and the very next year I am holding them still.
And we are gonna keep holding! As the next Bitcoin halving is just 495 days away and we all know that BTC usually bottoms around 517-547 days before.
Just thinking, was when did we hit 15.5K, on the 28 of November which is 25 days ago 495+25 = 520 putting us right in the middle of that average period.
I say the bottom is in, I canΒ΄t believe it, I donΒ΄t think itΒ΄s right but a year from now I can say I called the bottom and maybe I was even right.
Anyway, it does not matter, even if that was the bottom 2023 will be mainly about consolidation. That means it will be even worse than 2022.
Especially for me, because I love the volatility and if there is something we will not get in 2023 it will be that. A slow and steady rebuilding between 15 and 30K all year long. That is what you get from Santa, your most boring year in crypto.
Happy Christmas,
π―π½π π΅πΆπ·π ππ» ππππ
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Why say it then?! :) I don't think it is in yet. I think we still have some kind of global crisis ahead of us. I am leaning towards a full on recession, but who knows these days! Have a Merry Christmas!
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I definitely forsee that recession, the thing is the averages and numbers all point to a bottom. Hence calling that bottom, it would make sense and there is a chance that crypto will not be hit that hard by the recession.... also for the EU the recession does not seem to hit as hard and could be gone by Q2, but who knows these days indeed
Interesting. I think I am good no matter what comes, but then again a lot of people probably think that don't they?
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Well I agree, it might delay the next run by 6 months, but if you did not invest what you could not lose you are good according to the baby of Doomπ
I'd never invest more than I am willing to lose.
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The road to 30k has begun! You don't sound so positive though!?
Nope, the numbers match but I donΒ΄t feel it.....would this time be different !LOZ
Maybe when retail comes back? They will come back won't they?
Of course humans are greedy they still dint get FOMO
and !PIZZA
I hope the Baby of Doom will bring us good news one day..
that will be the Baby of Glory then :D
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