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Generated: 22:06:21
Me thinks this run might be outta gas. Weeky MACD flips negative sunday without a big rebound that I really dont see coming. That will lead to at least a few more weeks of down and threatens to pull monthly negative. Think that's the wait and see now. Does monthly hold and we try a late year run higher or is this cycle already topped out. I think we might be done barring an announcement that USG is accumulating bitcoin. I think that was a big lie to begin with and Bo Hines stepping down and Bessent's comments confirm that.
2025-08-19 23:00:55 from 1 relay(s) ↑ Parent 1 replies ↓
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Agree on lack of steam and personally I believe it's time for 2nd blowout followed by a consolidation before we see new steam. Also, I'm not saying 110k is bound to bounce. It's just the first level I'm eying right now. Terrible cycle tbh. We haven't even reached 2x from the last cycle. As for external influence. I try not to pay attention to whatever legacy finance does with BTC or has to say. For me the retail orderbook is just algos doing their thing and large buys occur on the OTC black books more than ever before. hence, they have little impact on the retail orderbook or we'd be much higher by now.
2025-08-20 06:25:52 from 1 relay(s) ↑ Parent Reply