I can’t really make a firm decision one way or another here.
On the one hand, I have been expecting this to be a bear market rally that would soon fade. Soon is now a poor thought to have had. First this whole recent structure became far larger in time than I expected, and now it’s quickly becoming very severe also in terms of price. Even if it does eventually fade, it will be a smaller victory given the extent to which I have been wrong to expect this to fade in terms of both time and price.
But let’s walk through a few things.
First, crypto looks not so great but also not so terrible as it did.
Bitcoin, which I have maintained has been in a bearish structure, has done nothing bearish with that structure (yet):
Read more “A Few Remarks I Can Make for the Weekend”
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