You can’t tell me that’s so drastically different from what we saw in the lead-up to those previous zooms. Similar contours. Similar timeframe. Same general path.
Game over?
Does that mean we have to go straight to the market cycle peak once the market gets over this lull?
No. Far from it.
But if you dismiss the possibility, you do so at your own peril. You can make up for bad timing. Complacency kills.
Mark Helfman @mkhelfmanI haven’t bought bitcoin since October 1 and you’re too bearish.
November 20th 2021
Of course, that assumes this is a complacency lull. It could be normal volatility or the start of a bigger drop.
Yes, I know, 50/50 analysis, “could go up, could go down” but if that’s your conclusion from what I just wrote, you’re missing the point.
When the price goes up, too many people get too bullish. When the price goes down, too many people get too bearish. The moment you say “that’ll never happen,” there’s a good chance it already has happened at some time in bitcoin’s history—or at least something similar.
While the analysis may be 50/50, the decisions never are. No matter what happens from here, I buy or sell only when my plan tells me to.
Today, that means not buying. Tomorrow, who knows?
Either way, this market moves at extremes, faster and harder than you expect. Prepare accordingly.
Mark Helfman publishes the Crypto is Easy newsletter. He is also the author of three books and a top bitcoin writer on Medium and Hacker Noon. Learn more about him in his bio.
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