Bitcoin: Relative Strength Index

"I actually was talking about it in late April and I said look guys I think we're going to get a summer lull but normally you get a rally in May first before it actually arrives and then you kind of accept that it's happening and despite saying that we got the rally everyone was freaking out and then we just dropped like we always do into the summer"

"there's only been one cycle where we tagged this trend line and then we tagged it again later on every other cycle it was basically just one and done like once we tagged the trend line we didn't go back up and tag it after that at least not for a couple of years or at least a few years"

"Option one is that it's a normal cycle with a peak and Q4 of the post having year that was what we saw the last three Cycles... which would mean potentially not seeing it tag the trend line again until maybe the end of 2025"

"if it finds support here and then goes straight back up to the top top trend line and it doesn't and that's it then that would mean it could be a left translated Peak with a Peak at say the end of this year"

"there does exist a scenario where it holds but it doesn't go back up to the top of the trend line right there's an example like 2016 2017 where it maybe holds at these levels but it doesn't really get that explosive move to the upside until 2025"

"if it were to do that here about 9 months would actually put it in December of 2024"

"if it gets rejected and you get confirmation that it's kind of 2019 on repeat then you would look towards maybe the end of the year or say early next year for Bitcoin to sort of to sort of pick back up"

"my guess is that sometime in August right sometime next month I guess it could happen later this month but you know I mean the market does tend to take its time sometimes um my guess is perhaps sometime in August you'll see it back test the 20 the bullmark work in right"

"my view as I've said before I think dominance is probably going to top in the second half of 2024"

"third option you have a left translated Peak where the peak's already in you know and there are examples in history where where where that has happened in say like the stock market where you get a low in the the the the midterm year you rally on up and then you top out sometime in the election year and you know so there is a chance that I mean actually you know the dotc crash started in March"

"I do think we're going to get interest rate Cuts later this year and I think we're going to PIV it back to QE probably maybe in 2025 and and maybe even later this year but you know I I would say more than likely by sometime in 2025"

"there's a decent chance the 8we SMA is guiding all Bitcoin pairs down... I just wonder if it's if something like that is is ultimately going to play out again where all Bitcoin pairs sort of fade"