Tales of my demise may be exaggerated.
Everyone in my household has been sick. Very sick actually. Not me I just have an annoying cold, but my girlfriend and roommate have been going through the damn ringer. Family members have also been sick. I won't name any names but here's a list of the ailments that have come this way:
And here I am complaining about my basic bitch cold.
I guess it's all a matter of perspective.
I also have to admit that when I hear stuff like "blood clots" now I automatically think back to covid and the "vaccine" and how those who opposed it called it the clot-shot. May not be relevant in this particular case but still it's hard to forget how both sides of that argument were totally irrational coo coo bananas. Picking either side would have given some kind of absurd estimate like 1 billion dead within the next 5 years. It's been 5 years guys; nothing happened. Shocker, just like all the panic nothing-burgers over my lifetime, of which there have been many.
In any case before I wrap this up super fast because I am actually pretty sick and I tweaked my neck and I can't really move it very well... I just wanted to point out the Bitcoin chart and how it's looking pretty decent these days. We are in a slight uptrend after the 10/10 bottom-out debacle, stuck between the MA(100) and MA(25/50). Hard to make a bet here because the trend says up but the resistance says down. Not the best setup to make a gamble for a day trade but still glimmering some hope that we aren't about to nuke another 50% within a classic 2026 bear market.
The problem with that kind of hopium is that this price action does look a LOT like 2022 if we're being honest. We could be easily flushing out the tail end of a bearish head and shoulders that nukes us just like it did 4 years ago. At the same time four years ago Three Arrows Capital collapsed to create the leverage flush... and then Luna collapsed to complete the head-and-shoulders before FTX collapsed into rock bottom. Will we get that kind of gloom and doom this time around? Very difficult to say.
Good news is that we still have quite a bit of runway left in terms of trying to identify the crippling bear market. It takes months for these moves to play out so hopefully we just randomly spike back up to all time highs within a couple months to invalidate the entire bearish narrative. If it is still a bull market that's what should happen at this point... not more floundering about $100k to complete the right bearish shoulder. I guess we'll see in the coming months.
Still here... struggling bussing it.
Probably got a few more days of this damn cold ahead of me.
Over and out.
