Well, I am proud (?) to say I have got my groove back (I guess) when it comes to predicting the cypto market moves! Back when we were all active and everything, chatting all day long on discord channels, I was notoriously known for my crypto market predictions. You could almost blindly bet AGAINST my predictions!
Huh! Quite the anticlimax eh!
So here's the deal. On 5th January I wrote a post explaining me getting ready and preparing for the "imminent" bull run. The market plateaued out that day, and began "crashing" down!
Yeah, yeah, I get it! BTC going down from 102k to 92K is not really a crash. Sure. But ALTs have bled heavily and it tells we are still not perfectly poised for the parabolic rise. (Or, are we?)
This is not a good sign because the market bled for no apparent reason. If there is bad news making the market go red, that's understandable. But when the market bleeds and there's no explanation - it's baffling.
And as expected, the enemy, BTC Dominance pumped.
I was thinking maybe the market had to wipe out some big liquidity down before making the next move up. So I opened my go to liquidation heatmap chart on coinglass, and there really wasn't any significant liquidity below that needed to be wiped out.
If I really HAVE to look for a silver lining here, it just gives me enough time maybe to get my hive powered down to book some profit just in time for when we break the All time high! And yes, I really do believe we are going to break the all time high in this run, unless the parabolic run is cut short by any geopolitical or economical mishaps in the global economy.