Throughout my experience of putting out content in the 
People like to guess, otheriwse plenty of our mundane discussions wouldn't even exist because most of our talks are not based on facts, but perceptions, and guesses at most. Whenever I put out such #askleo posts about where BTC might be on the Wall Street cheat sheet there has never been a consensus.
And I love that because certainty is definitely not a part of my life and approach to life. Certainty is a dream killer... but anyway... Today we're looking again at the famous Wall St. pattern for markets and trying to guess where BTC could be at on that chart...
It could be anywhere ;), considering how unpredictable life and the markets have become but, my take is that BTC's price chart right now is somehow replicating the final stages of the "depression phase" from the famous above-mentioned sheet.
And let me tell you why...
A few months ago when FTX nuked Bitcoin's price(it could have been anything else, it had to happen) everything fell off the sky. You know the saying: when Bitcoin coughs altcoins get a fever. Seeing my portfolio losing value so drastically and in such a short time and my Hive payouts decreasing that much clearly "made a hole in my soul".
However, what made all this shit even more painful was the fact that this was no ordinary whale-orchestrated dump... BTC recovered a tiny bit of the losses, short term, but nothing spectacular and not too fast. It was more like a crawl than a steady climb. Alts bled a lot, HIVE included, and being a person who lives off blogging meant that "depression was upon me" from that stage.
Thoughts of starting all over, moving away, searching for work, getting abroad, and reminiscing on the potential profits that I had in 2021 and other similar gray thoughts have tortured me for some good weeks, if not months. The depression phase of a market, if not properly prepared for it, can be "soul-consuming".
Recently we've had a quite decent rally in the market and although not all alts have managed to keep pace with BTC's recovery, they sure will once an altcoin season will kick in. As you can see, BTC is holding most of the gains it harnessed in the past week or so, and the bear market might be over.
It was about time, though, after 14 freaking months of an almost continuous downtrend. Although more than a year ago I was no longer a believer of past patterns repeating for the crypto market, it has been proved to me that halvings still "decide the course" for BTC, and as in previous occurrences Bitcoin bottomed at a bit over one year after its peak.
Now what?
Now it's time we should put charts away, love our lives again, do our thing on Hive, keep pushing this chain to mass adoption, and ride the waves of crypto till like one year after the halving when will probably be a good time to dump. Write that on a wall, so you don't forget to take profits next bull market. I sure am doing that...
Thanks for your attention,
Adrian