raise the sword of freedom...with moar models
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Beware of the fast moving markets.
Fast up is [almost] always the indication of the bear, not a bull.
I want to be optimistic, but this is a way bear grinds you.
Even the fast pump in April of 2019 eventually reversed fully in March of 2020 (covid-dump), although I wouldn't mind a pop like that (it was from about $4K to $14K between april and june-july).
In our case a pop to 55k might be the equivalent.
Hate to break it to you...we are in a bear market...or will be...of the likes this generation has never seen. Its hard to predict what the ramifications the war in Ukraine and the sanctions against Russia will bring but shockwaves are already being felt.
Not only in fiat and oil but in commodities as well...and also in a logistics train already rattled by the pandemic. I dont think its going to be great for legacy markets...in fact tomorrow I would be surprised if rates do not go up..that will affect things as we move into Q2 and onward.
Of course...printing will continue so who really knows other than the US gubermint is probably not going to run out of dollar bills anytime soon.
I said it before and I'll say it again...things might get rough. I think bitcoin is at a point where the spotlight is on it..or will be and it might need to decide if it really is its own unique store of value and property or if its going to retract like I think most other markets could over the next several weeks and months. Now dont take this as all doom and gloom....price could very well plow sideways...it could drop...it could go up...just like it always has. Thats the thing about bitcoin..it really is a free market..people buy, sell and trade it for what they think its worth. I just dont see how it could be less valuble now that it was before this crisis....how the need for something that you can say 'No!' You can not have that without my consent is less. To me..the need has never been greater for something outside the cesspool of politics. What ever happens with legacy markets, things are not going to get 'easier' for bitcoin..they will get harder as more nation states try to get their claws into it just like they do everything else.
So we will see which way it blows....set your safety lines if you feel the need and then heel her hard over and chase the wind.
I am going to continue to stack sats.
carry on
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long flats of span B with price shadowing span A
