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The Crypto Sangha: Everyone Believes whatever they want to Believe. But Crypto Hypno PR seems a bit bored. Coinage is RISK OFF.
A Bigger Picture: The pattern from the Bitcoin Halving of 5/11/20 still has an upside profile. There are defined time zones for the next high. I have been made aware of those possibilities by Stella but they come later. It is not useful to obsess on what is going to happen until it is happening. The Key inference is that another rally up is coming soon and, it lasts.
Weekly Chart: Congestion hasn’t changed anything in the Crypto structure. This is known as a ‘Double Down’ profile. That means that two tactical declines occurred back-to-back with only a minor recovery between them. It adds up to a disheartening interim correction. The secondary Down is concluding. Yes, there is still some time yet for shuffling.
The Crypto Flow: These assets are having a RISK OFF hangover. Many Hopeful Hucksters are back on their back feet. Good for Sangha.
The Daily Pattern: Trade the Behavior which is happening, not what you want to be happening. Crypto, coins and all, are corrective. It is choppy. I see this as a basing process. It may stay heavy Days rather than Weeks.
Review the Bidding: As expected: “1/11 low but basing buying may wait until February.” That was based on both Stella and Viking protocols. Now, neither one of them has any sure thing to report….until next week. I remain simply an ancient animal in a Crypto cave studying charts. Wait.
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Information is for paid customers and may not be copied or distributed Copyright 2022