>S&P 500 has second gap up to new all time highs in a row>Bitcoin and Ethereum both put in large topping tail red days>Bitcoin below AVWAP from volume spike in JulyReminder that the only people in crypto right now are baggies desperate to get the fuck out
>>61210144it's true. it doesn't matter at this point if the cycle is actually over, of if they want to do an extended fakeout dump to make people think it's over, either way we're going down and staying down for a long long time
>>61210144I hate, I hate, I HATE! When I hear someone say Bitcoin is a beta play of stocks. Correlation is definitely not 1 to 1. And the performance is reflective of that. Not to mention if you chose the wrong alts again this cycle you're fucked. You didn't just underperformed stocks and garbage in the Russell, you're literally underwater even with this pity pump. Holy shit! I'm losing my mind just typing this out. They really did tame Bitcoin.
>>61210297What sucks is I was holding the right alts until they became the wrong alts but I didn't sell because I thought when teh epik BVLLRUN happened everything would go up at the same time but I'm still holding shit that peaked big time in fucking 2023 or early 2024
>>61210144the sp500 gapped up because it's on it's way to 7.4k blowoff generational top before going into a 2 year bear rally back to 2,000 or below. Bitcoin's current behavior is truly baggies desperate to get out which is exactly why it'll pump to 200k. No one believes in the bull, everyone has called that the cycle is over. It isn't. The double bottom at 106k is a very hard proof of this. The candle to 114k we had and the retrace after and today's candle are literal fakeouts to demoralize those who didn't sell.
Bitcoin is unironically in a new paradigm since ETF outflows were established last year. Fed rate cut = massive capital influx that due to uniquely extreme inelasticity will disproportionately boost BTC price. Retail behavior barely affects Bitcoin price at this point and the common mass consensus and established trend is that any massive drop to BTC price like has happened historically is an easy automatic 5-10x in short order which is also why we will not see anything close to a 70% dip from ATH again. Over the next few years we will likely see several 30-40% spikes to new ATH over the course of months, a 10-20% dip to a new bottom, and repeat.
>>61210408>truly baggies desperate to get out>everyone has called that the cycle is over.yeah, just look at crypto stocks and you can tell what's going on. Oldfags with cycle theory stockholm syndrome feel compelled to sell their crypto on every pump, meanwhile in trad world where nobody has PTSD they are buying crypto stocks, miners, DAT scams, indiscriminately. Crypto proper won't be allowed to pump until every last traumatized oldfag has dumped their stack, which unfortunately may be a while. But the longer it takes, the more momentum we get when traddies and boomers finally take control and shove bitcoin to new highs. There'll be billions of freshly liberated sideline cash held by deeply emotionally invested crypto lifers (after all, they aren't done with crypto, they just 'sold the cycle top' and are waiting to buy back later) and they will fomo back in when ATHs get breached and they realize their theories were wrong.It's deeply fucking tiresome for now watching these faggots dump into every recovery attempt. But we will all be rewarded for our patience sooner or later.
>>61210378Maxis were right. I didn’t listen last cycle and definitely wasn't listening during the bearmarket when it was easier to stack. Now I'm back here cope posting. I wanted my last day here to be when we had that 4chan shutdown but my portfolio performance is just so abysmal considering I was buying at the bear market lows and now I'm just reverting back to all my terrible habits.
>>61210408>>61210458this "demoralization fakeout" sure is lasting a long time...
>>61210487Max pain inflicted. Alts will pump again soon.
>>61210144NDX, a fucking index, outperforming BTC since the tariff crash is quite humiliating.>>61211050Unfortunately baggies are still hopeful for a November or December rally so max pain would require a bearish continuation.
>>61210297What? Bitcoin is definitely high beta, and more so every year. Stocks and crypto are both correlated with M1 supply.
