Throwback to October 7th
Prices dropped for 5 days straight,
And then the giga-boom began
Will this pattern repeat?
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
Prices dropped for 5 days straight,
And then the giga-boom began
Will this pattern repeat?
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
🙏5👀4
Important to look at $BTC, and not the smaller ones like $SOL, when seeing if there are obvious patterns in the price movements
Not only because there are much clearer patterns on $BTC,
But because, mechanically, fair to say that
(1) The much larger $BTC drives the smaller ones, in the longer timeframes
(2) The smaller ones are, in the longer timeframes, often simply a distorted interpretation of the $BTC’s price movements, exceeding BTC’s highs when the market is optimistic, and underperforming BTC’s when the market is pessimistic
So yeah, in retrospect, BTC’s local top here perfectly fit the pattern
What happens next? Good question.
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
Not only because there are much clearer patterns on $BTC,
But because, mechanically, fair to say that
(1) The much larger $BTC drives the smaller ones, in the longer timeframes
(2) The smaller ones are, in the longer timeframes, often simply a distorted interpretation of the $BTC’s price movements, exceeding BTC’s highs when the market is optimistic, and underperforming BTC’s when the market is pessimistic
So yeah, in retrospect, BTC’s local top here perfectly fit the pattern
What happens next? Good question.
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
👀7