BTC huge rally ahead off of most fear since Mar '20 low
The amount of fear in BTC and cryptos in general in the past few weeks has not been seen since the pandemic low of March 2020: alternative.me/crypto/fear-and-greed-index/ . We will still need to back test the V shaped rally, but that amount of multiweek fear is a perfect backdrop to mark the end of a correction. I believe El Salvador making BTC legal tender is the beginning of a sea change. Other nation States such as Panama, Brazil, Paraguay, etc. are considering a similar move. I've also been noticing a number of these sudden declines we've been seeing are happening during low volume periods to scare off retail investors. I'm still holding onto my belief that the correction from 65K is a fourth wave and NOT the end of the current market cycle. Fifth wave to come with the potential targets marked on the chart. No doubt the correction has been painful, but major corrections are supposed to be painful. HODL strong folks!
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