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GM - how has your week been? I had a great week, going to Solana’s Hacker House and meeting some cool people. Well, hope you guys are seated with a nice cup of coffee before reading my substack! As usual - enjoy ^-^ Executive Summary 📝The market seems to have an obsession with calling tops every time BTC retests 72k; I spent a good chunk of my time planning out the different scenarios I’d have to see if this was truly the top. A monthly close below 61k, coinciding with a weekly close below 66k would be extremely bad. This, coupled with negative ETF flows would be a signal to revert. But as long as we don’t get that, I’m inclined to believe that the trend will continue for longer, and that any chop in between is considered “noise”.Note that he says “most of the time he is a trend follower”Once again, the advice is: Zoom out. CT has the memory of a goldfish, and can’t seem to remember the fact that we faced this sort of choppy PA on the way up. Not every retest of 72k has to be an immedi...
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