With crypto, things are looking dodgy.
And I did challenge you on that because I completely disagree.
I think crypto looks phenomenal right now.
And I think the market has been given almost a full month to price in worst case scenario here, which is a rate rise of 0.25%.
And when the market is given a nice long period to price things in, they generally do.
They think the worst is going to happen, which is that, and then when the news comes along of it actually hitting, it can be buffeted quite well.
And that's the way I see it.
But right now, what is crypto doing? Well, it's just consolidating.
It's just been going sideways.
That was the dream scenario I painted a week and a bit ago.
I was saying into this event, the dream scenario is likely either breaking up, which is obvious, or we just continue this vertical accumulation and go sideways where there's just no weakness.
It doesn't give dip buyers a chance.
I mean, the lowest dip we've had, I think, is about 76,200, 76,300.
None of my bids are getting in.
I don't know about you guys.
But again, I'm happy about that.
I know.
I want this thing to go up.
If I have to buy higher, I have to buy higher.
Last week was ordinary with no outlifting price action.
So again, I challenge what you consider ordinary.
It needs to chill.
This is how markets move.
With crypto, things are looking dodgy.
And I did challenge you on that because I completely disagree.
I think crypto looks phenomenal right now.
And I think the market has been given almost a full month to price in worst case scenario here, which is a rate rise of 0.25%.
And when the market is given a nice long period to price things in, they generally do.
They think the worst is going to happen, which is that, and then when the news comes along of it actually hitting, it can be buffeted quite well.
And that's the way I see it.
But right now, what is crypto doing? Well, it's just consolidating.
It's just been going sideways.
That was the dream scenario I painted a week and a bit ago.
I was saying into this event, the dream scenario is likely either breaking up, which is obvious, or we just continue this vertical accumulation and go sideways where there's just no weakness.
It doesn't give dip buyers a chance.
I mean, the lowest dip we've had, I think, is about 76,200, 76,300.
None of my bids are getting in.
I don't know about you guys.
But again, I'm happy about that.
I know.
I want this thing to go up.
If I have to buy higher, I have to buy higher.
Last week was ordinary with no outlifting price action.
So again, I challenge what you consider ordinary.
It needs to chill.
This is how markets move.
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