This is only Brainfuckery... but what if....
BTC is a very young asset and we created our first 5 Wave impulse from the bottom in the last 10 years with an institutional money inflow at the peak....
We have a 3 times monthly bearish divergence and we were never below 40 on the RSI. That means that this divergence never get swept out ot invalidated.
If the S&P starts a real Bear market... I think this scenario could come into play... we have never seen how Bitcoin acts in a bear market.... this could give us our fast second wave to the downside.
This is the place were the real institutions would step in and buy after Michael Saylor capitulated....
BTC is a very young asset and we created our first 5 Wave impulse from the bottom in the last 10 years with an institutional money inflow at the peak....
We have a 3 times monthly bearish divergence and we were never below 40 on the RSI. That means that this divergence never get swept out ot invalidated.
If the S&P starts a real Bear market... I think this scenario could come into play... we have never seen how Bitcoin acts in a bear market.... this could give us our fast second wave to the downside.
This is the place were the real institutions would step in and buy after Michael Saylor capitulated....