4th red month in a row incoming?
Bitcoin has had 3.5 straight red months, will it be 4?
Sometimes it is nice to zoom out a bit and look at the bigger picture.
The bigger picture puts things into perspective but it doesn't help you feel much better when thinking about your account balance...
Either way, bitcoin is at a do or die moment for this month...
(Source: https://twitter.com/agentphillier/status/1416190819846008833/photo/1)
We either bounce from here or we are looking at a prolonged bear market and that was the top for this cycle.
I'm hoping it wasn't...
let's see.
Hedge funds milk the liquidity out every few days. The fuckery is so thick that it has finally chased me out as I started closing positions. So it can run up now that I am busy cashing out. Its just a mess and all the hopium in the world is not going to rescue the rest of this cycle in my opinion.
Nobody has talked about trading Bitcoin in months... It's all institutional money nowadays... The people who still have BTC in their portfolio are HODLing like it's gonna take a century before BTC goes up enough to warrant selling...