Prediction evidence

sw

swarmik

@swarmister

While we were at a restaurant having a bite to eat, I checked the charts and, to be honest, got a little upset. After a false breakout to the downside, $SPY broke out of its consolidation range to the upside and hit a new ATH. It’s moments like these that really drive home just how weak the crypto market is in terms of liquidity right now. The ETF is hitting historic highs, while we’re still floundering like shit in an ice hole. To be honest, something else scares me more. If crypto looks this weak right now, against the backdrop of a bull market in stocks, what will happen when the stock market finally enters a full-blown correction? This is exactly what sets the current cycle apart from the last one. Back then, $BTC started to decline a little earlier than the stock market, but in the end, both markets ended up in a bear phase. Now, in my opinion, Bitcoin has been in a bear cycle for almost a year, while the stock market is still hitting new all-time highs. And it’s this imbalance that worries me the most.