are we this late in the BTC cycle? 2-8 months
In the past few days, there have been many questions about the Wyckoff scheme in the comments and DMs, so I decided to make a separate post on this topic. 🐋
Essentially, it aligns with my version that we won't see those incredible levels of 150k or 400k for one simple reason - the market is already too inflated. Ordinary people find it easier to buy altcoins rather than #Bitcoin at such a high price. Every student is buying random dog/frog coins today for quick gains, not Bitcoin at 60k. 🤓
Moreover, #BTC sideways movement has always been a good trigger for #alts rallies. That’s why I'm convinced that new highs will come (otherwise, how to attract the crowd's attention), but they will be insignificant - like in 2021, when the new ATH at 69k only exceeded the previous one by 4k. 👀
I still stand by my theory - altcoins haven’t shown what they did in previous cycles, and clearly, with the fall of BTC.D, their time will come. This theory only reinforces my thoughts that BTC won't start a new massive rally but will give us more time to make good profits. 💰
Are you ready for this scenario ? 🙃
Essentially, it aligns with my version that we won't see those incredible levels of 150k or 400k for one simple reason - the market is already too inflated. Ordinary people find it easier to buy altcoins rather than #Bitcoin at such a high price. Every student is buying random dog/frog coins today for quick gains, not Bitcoin at 60k. 🤓
Moreover, #BTC sideways movement has always been a good trigger for #alts rallies. That’s why I'm convinced that new highs will come (otherwise, how to attract the crowd's attention), but they will be insignificant - like in 2021, when the new ATH at 69k only exceeded the previous one by 4k. 👀
I still stand by my theory - altcoins haven’t shown what they did in previous cycles, and clearly, with the fall of BTC.D, their time will come. This theory only reinforces my thoughts that BTC won't start a new massive rally but will give us more time to make good profits. 💰
Are you ready for this scenario ? 🙃
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