So far, the idea from 11 months back () has unfortunately proven to play out, to the pain of many.
How much pain could be left in the cryptoverse if the S&P analog from 2008 continues to play out? Unfortunately, a lot.
S&P ATH to Lehman day was >25% off highs, about a year later. Following Lehman, the resulting fall was a 40%+ fall from prices at that...
The whole crypto community is so stubbornly bullish, I fear we may have to flush out the entire community before proceeding to the rally we all know is coming.
See in-pic commentary about S&P 500 analog. This would be the worst case scenario.
Additional thoughts:
S&P Monthly was 91 bars peak to peak. Bitcoin Weekly is 30 bars, 1/3 the duration. S&P sold...
