Any chance we are already most of the way through the Wyckoff Cycle?
Bitcoin is has been trading sideways for a bit here with most people thinking it eventually goes lower.
The mood is incredibly bearish, and for good reason. The macro environment couldn't be worse than it is right now.
Inflation is hot and getting hotter, interest rates are screaming higher, and a recession is likely around the corner.
However, what if...
(Source: https://twitter.com/el_crypto_prof/status/1547502317850836992/photo/1)
What if we were most of the way done with the drop.
We have one more lower low left before we reverse a few months from now.
Interestingly enough this would align with many of the past patterns as well.
I could really see this playing out with the true bottom happening in the fall of this year...
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So we still have a couple months to go, uh. It's gonna be rough.
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Upvoted! Thank you for supporting witness @jswit.
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Thanks for information
Please support my blog 🙏
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Perhaps it takes a bit more time!?
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to 3 usd/btc
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People should stop focusing on just trading-prices and should start using it on a daily basis like from Poof Payments https://www.poof.io/ or Venmo.
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Thanks for this.
Your post was upvoted and resteemed on @mohammadmokhtari
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