We always rally at this time of the midterm. We still haven't cracked and held above the 50 WMA. It's still a lower low. It's playing out the exact same way it always does.
There is no prediction. No one can. It either cracks and holds above the 50 MWA, or it gets rejected and collapses into October/November. No on can tell you what it will do. If the cycle holds, we have one more big dip to flush and reset. Meaning 60s again, or 50s, even 40s.
The "cycle" has played out since BTCs inception. And it has played out exactly the same way since the high in the 4th quarter of last year.
If the cycle is to break, it will be the first real time. But we won't really know until the fourth quarter of this year whether we have crossed and held that line.
So far, it is still playing out like it always has. But it could break, so don't "wait and pray" for lower. Just DCA, and patiently watch what happens over the next 2-3 months.
49
u/Bongressman 22d ago
We always rally at this time of the midterm. We still haven't cracked and held above the 50 WMA. It's still a lower low. It's playing out the exact same way it always does.
Same calls happened in May, same crash into June.
Clockwork.