普通じゃないエビ commented on a stock · Nov 22, 2024 07:43

🐶How long and how high will it continue to rise (long-term edition)🐶

Long-term edition, this is a weekly chart 📈

The rise on the left is the 2021 bubble 🫧

The current rise started from November 10, 2022, driven by self-rebound and supported by the american economy, forming the first wave... up to this point, it felt like digital gold ✨

Due to the summer drought and high interest rates, the adjustment had two waves (until September 2023). At that time, companies like nvidia were getting really dangerous (in a good way), so I think funds moved into stocks rather than bitcoin, which only moved 0.1% a day in a range.

The trend reversal is related to information about the physical etf of bitcoin! With a sense of reality and the high interest rates sticking, it led to the third wave of increase (until March 2024).

So, due to concerns such as American tax filings, reignition of inflation, and conversely concerns of recession, a downward channel was formed, marking the fourth wave.

And this time it will be the fifth wave. Even in the long term, this increase might come to a temporary end 💦.

The reason for the termination is currently, um... I have a feeling that personally, Trump and Elon may not be able to get along until the end...In that case, about 40% of the Trump market is influenced by Elon (TSLA, DOGE, SpaceX, etc.)... that's the feeling 🙇‍♂️ Since I don't know what will happen to other cryptocurrency advocates... because if Trump doesn't have yes-men, he'll fire them right away...w

What seems realistic is the resurgence of inflation in Trump's politics, and the possibility of raising interest rates again.

Speaking of which, Wave 5 seems to be around 128,000 after all... From a Fibonacci perspective, it's a reasonable bubble area, and even if the Cup with Handle pattern rises as per the theory, that area becomes a reference point for taking profits.

After that, of course, there is a two-year adjustment waiting, so considering the 78% drop in the previous bubble from 128,000, it's probably a bear market down to around 28,000~ 💦 Well, BTC will likely have more credibility than before, so it seems like it might stop dropping around 30,000 to 40,000 ✨

That's the feeling! That's all! Finally, here is the image of "I thought BTC would go down, but when I shorted it, it went up - Pomeranian" made by AI. Goodbye! Adieu ❤️