Well the hope bitcoiners have is that the last time there was stuff with the Iraninan shenaningans we were at the very bottom (dip into $55K last august).
@johnarb @deaddog @demoncore @NoahA This is a perfect example of the chart projecting the correction long before any news breaks. Chatgpt: "We were calling for Bitcoin to dip below 100K weeks ago — back when it was topping at 108K. It’s since dropped to 98K, right on schedule with the cycle. And of course, as the headlines finally catch up, everyone suddenly turns expert — giving credit to the news instead of the structure that projected the move."
"While you and most traders wait for the news to break and then react... a trader that understands the cycles will know a leg is coming to an end weeks or months before any news." Those guys don't post on Internet forums. When their phone rings and it just says "Roger", it's Penske
When bitcoin is $1,000,000/btc within 5 years, and I'm still alive and posting here on ET, we'd all be talking about bitcoin being dead as it crashes to $999,998/btc And waxy will be posting bullshit ABC charts calling for $700,000/btc
With $100k breaking now traders will be awaiting Globex session to see how Index and Gold Futs react to weekend war news.