read.cash Log in
@BitcoinBaby more from that month

𝐂𝐫𝐲𝐩𝐭𝐨 π–πžπšπ­π‘πžπ« π…π¨π«πžπœπšπ¬π­ Maybe I am comparing apples and pears here, but am trying to look at the bright side of losing a couple of thousand dollars. If I would compare the fear and greed index during the May 2021 dip with the current dip I might be spotting a similar pattern. I marked the 3 main indicators with the same number. 1. The initial fear period 2. The dead cat bounce 3. The second and slightly longer fear period ending in a crash prior to the bounce Of course, many wise men called a prolonged dip below 29K or even a 20K bottom, but they did the same last time and it did not happen. If BTC keeps trending upwards like it always has done in the long-term this would mean that in general the bottom shifts up as well. Last time the bottom was 28.9K BTC well than 32.4K would not be a weird place to bottom out. Again just providing a bit of hopium for us to cope with our big losses. #crypto #dip #btc #bitcoin #fedmeeting #noisecash

1 comment

Log in to join in Reading is open to everyone. Replying needs an account.