I want a lengthened cycle. Who doesn't?
But nothing I've seen macro PA-wise suggests it will happen.
Watch your indicators.
2-week RSI channel, RVI 92-93.
If they're hit, I'm out.
Ignore them in hopes of a new paradigm and you're likely to get dumped on by those who don't.
But nothing I've seen macro PA-wise suggests it will happen.
Watch your indicators.
2-week RSI channel, RVI 92-93.
If they're hit, I'm out.
Ignore them in hopes of a new paradigm and you're likely to get dumped on by those who don't.
So it’s clear, by “I’m out” at those indicator levels, I mean that:
1/2
- I will expect that we have seen the #BTC top and will exit #BTC
- Will watch for #BTC to retrace up to the .702 from the top over 2-4 weeks
- During this period I expect alts to go insanely parabolic
1/2
- I will expect that we have seen the #BTC top and will exit #BTC
- Will watch for #BTC to retrace up to the .702 from the top over 2-4 weeks
- During this period I expect alts to go insanely parabolic
2/2
- Alt cap will reach its peak as #BTC reaches the .702
- Will exit alt positions at this time
Of course plan to update as things progress.
- Alt cap will reach its peak as #BTC reaches the .702
- Will exit alt positions at this time
Of course plan to update as things progress.
Another important point:
Nothing in the above suggests exiting the market forever.
On the contrary, use the 2-week RSI channel again to reinvest profits in the bear bottom (blue circles).
Compounding is how generational wealth is made.
Nothing in the above suggests exiting the market forever.
On the contrary, use the 2-week RSI channel again to reinvest profits in the bear bottom (blue circles).
Compounding is how generational wealth is made.
Lastly…
By lengthened cycle, I mean one that lasts well into 2022.
I do see evidence we *could* extend to end Jan/start Feb.
This would be a 1500 day cycle versus 1460 for a perfect 4-year.
Fine if you want to call it lengthened, but not the “super cycle” folks imply.
By lengthened cycle, I mean one that lasts well into 2022.
I do see evidence we *could* extend to end Jan/start Feb.
This would be a 1500 day cycle versus 1460 for a perfect 4-year.
Fine if you want to call it lengthened, but not the “super cycle” folks imply.
Again, happy to be wrong, would love a longer cycle.
Watch the indicators over price and time, and always consider risk-reward and probability when betting on a “this time it’s different” outcome.
Watch the indicators over price and time, and always consider risk-reward and probability when betting on a “this time it’s different” outcome.
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