Halving doesn't matter.
Discussion
Iām not much of a chart nerd, but historically after the halving has taken place thereās around a year of uptrend that follows.
This is true. Which is concerning. When everyone believes something, including an indicator, market does the opposite.
Same happens for EW.
The more people hate it, the better it works.
It's when Elliott Wave starts trending that I get nervous because a groupthink could be occurring.
I donāt like groupthink either, but there is a much larger segment of people out there who are convinced bitcoin is tulips and Beanie Babies or arenāt paying attention at all, and theyāre the ones these cycles are made for.
That's true. But there's a lot who think it's the second coming too. Especially in the Nostr echo chamber.
Not all tops are euphoric blowoffs either.
Regardless, we break above $74k I'll ride it bull side without any qualms. Not until then though.
Iāve just been around for enough time to not obsess with things like wave structures and fib level targets. Iām not a trader, Iām here for the long game.
Timing is a bitch but the cycle is so far undefeated