Many people seem to think 120-150k is good and so what if I miss 30-40k points from the top I’ve got my profits. It will be far more painful when the market rips 100k points above their exit. They will really feel the heat over 200k and probably fomo back in over 230k. Then we can be closer to a top.

“All of this leads me to believe that we are just another week closer to a rally in this market that will most likely defy the odds of what people think is possible. The rest is just a matter of patience.”

This market has really stolen the nerve of its participants. Major surprise to the upside coming when this consolidation ends. 144k was a sensible target from 72k but now it’s a joke not even a 2x in the most bullish phase of the cycle. 250-316k is much more reasonable from here

There are two things people seem to be absolutely sure of… 4 year cycles and 70-90% bear markets in crypto.
As Mark Twain said, “it’s not what you don’t know that gets you in trouble, it’s what you know for certain that just ain’t true”

A timely reminder for those that doubt their sanity

There are a lot of shades of 2023 in this market. Very low volatility that year and nearly grounded to a halt around this time. For those that remember, people gave up in droves. they said there would be no bull market. Very similar sentiment today nearly two years later exactly

The most amount of money lost by traders is in dull markets. People that can’t sit tight are getting smoked by the back and forth here. Once they have nothing left the market will take off. It’s an unforgiving machine and overtrading will be the undoing of many

It’s not a bull market or a bear market that really gets to people. It’s a dull market that makes them go mad. Very evident that’s the case here. We’re still trading at 108k over 280 days from when we first hit it. People are losing their minds and quitting en masse.

See everyone is still confused as to why the cycle has been so bad. It’s because GCR was right. We already had a full cycle echo bubble. New cycle is beginning. They will be just as lost when it’s goes on for so much “longer” than they thought