IT'S NOT OVER YET | THE FASTER WE RISE, THE HARDER WE FALL

I am not confident this is the end.


In the history of Bitcoin's existence, the faster we rose, the harder we fell. Vast acceleration always resulted in a large correction. We rose up too fast... yet again. Thus, I believe a large correction is due... yet again. Now I understand this pattern breaks eventually and we progress into a bull market, a long, multi-month, sideways bottoming pattern forms. I have yet to see anything of the likes. So why is this scenario any different?


Historical Rapid Acceleration[/I]

It seems like nothing has changed... yet again.


VERDICT: Until we actually form a bottoming pattern that is sustainable and reasonable, I can't be confident that price is ready to start the next journey to new highs.