Here we are ladies and gents the pattern we have been waiting for and for me personally what i think will be the decoupling of traditional risk assets and this good chunk of software.
I’ve been watching for anything that can come out of the wood works and i think we have found our area of capitulation. BTC hit the 50 EMA monthly and bounced right off that like a rubber band.
similar to what happened in 2020 and 2018.
Elliot impulse waves also seem to be at play.
i was looking for a decline to around the 23k to 25k area and it hit. theres a lot of things right now that is playing an effect on this though what i think could be the worst thing for the economy is higher asset prices and looks like we are going to get that both traditionally and non.
exciting times to be around.
That’s all folks.