Decode on Nostr: Common assumption is because technicals look simlar to July 2020, #crypto is about to ...
Common assumption is because technicals look simlar to July 2020, #crypto is about to explode higher.
Parabolic moves take longer than they sound tho. Even the 2019 parabola took more than 6 months.
$6 Trillion Total Market Cap, Q1/Q2 2024? #bitcoin
There are certainly similarities but July 2020 looks significantly steeper and stronger to me, so whilst I think this is a possible scenario, the market still needs to prove itself.
Published at
2023-07-16 01:33:52Event JSON
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"content": "Common assumption is because technicals look simlar to July 2020, #crypto is about to explode higher.\n\nParabolic moves take longer than they sound tho. Even the 2019 parabola took more than 6 months.\n\n$6 Trillion Total Market Cap, Q1/Q2 2024? #bitcoin\n\nThere are certainly similarities but July 2020 looks significantly steeper and stronger to me, so whilst I think this is a possible scenario, the market still needs to prove itself.\n\nhttps://nostr.build/i/6eb48a8643983e91eca350496a8572fb1dc1c32f12b50c0d595a210e9f8f2613.jpg",
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