19/08/2024
THE BITCOIN CYCLE
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I admit-saya adalah penggemar cycle yang berulang ulang. Dan Cryptocurrency, especially Bitcoin always repeats itself, bak kata pepatah, "the more thing change, the more they stay the same". So let me answer Mohd Fadel Alwi's burning question.. well, semua korang tunggu MOON kan?
Bila Moon? Here are 2 converging perspectives.
The KING of Cycles merupakan Larry Williams, dan dia merupakan antara market timer yang terbaik dgn TOM LEE (yg femes) di CNBC.
Note:
1. Larry predicted the downcycle dalam S&P dan markets (yes, the USDJPY saga bila market TKO)
2. Of course, Nasdaq will recover back ... which it did
Untuk Bitcoin, Larry predict kejatuhan Bitcoin to US$47K, a rebound, and a final dump bila majoriti traders akan "capitulate". Normal, sebab sekarang musim Summer ramai fund manager mungkin tak aktif pon kan....
Dan period mid-September juga coincide dengan period Bitcoin consoldate selama purata 150 hari selepas Bitcoin Halving sebelum ledakan ke bulan? Bila ini akan terjadi? Mid-September again sepertimana prediction Larry...
Everything is an approximation but you now why Sensei is pumping US$50K of fresh capital into the Crypto Market. Faham ke tidak nie????
P/S - tengok similarity of tahun 2020 dgn 2024... VRoooom, funds being deployed. Fiat into STACK the SATS coins led by SOLANA...