A Deeper Look at the Recent Crypto Rally: Is This Time Different?

I am seeing a lot of talk on my timeline about this rally being different than the past because of the impending ETF. Many people are calling for new all time highs by January and all kinds of crazy price targets.

Today I am going to break down past crypto cycles and where we’re at in the current one. If you have been feeling FOMO or you think we are going to all time highs soon you are going to want to see this.

In addition to the bigger outlook in the video I want to dive a little more into where we are right now and signals you can look for in the future.

I tweeted on October 20th that November 10 was the day to watch. So far that has been the exact top of this rally. But the question is are we on a short break, will we go higher, or is the rally over.

I am going to give you a little tip here that we learned from W.D. Gann. this is a tip you can observe in any market or any stock.

The Rule of 3

Gann observed that any time that we are in a strong uptrend in a stock or a market, a correction will not last more than 3 days. So when we apply this rule to Bitcoin take a look.

From the March 10 low we rallied all the way into April never seeing more than 3 red days in a row. Now look what happened when we did get 4 red days in a row. It was a signal the trend was changing to down.

Same thing if we look at the June low to July high. We never saw more than 3 red days in a row during that run. Once we did it was our signal the trend was reversing.

Now here we are from the October low to November 10 (a key date we highlighted) and we are working on our fourth red day today. We still have several hours to go but its something I wanted to bring to your attention as a possible sign to watch for if

this rally has halted.

If you watch the video above you will get a lot better understanding of why this time is not different and we likely have a long way to go before we see full on crypto mania again.

This isn’t bad news. It just means we are in the early stages of the crypto bull market and there will be plenty of opportunity ahead.