#USIranStandoff #BinanceNews I do not deny it.
That we are in the total opposite situation to any other bear market and I do not see this playing out in the same way as before.
Anyone being totally objective would have to agree with me.
Today, Japans government won a majority decision and they are engaging in massive fiscal stimulus this year... which is highly bullish for risk assets.
This chart tells a very strong picture of the macro and liquidity backdrop we now find ourselves in.
At the top we have the NIKKEI, japans stock market... and it is exploding.
Japan act as a liquidity provider for the world, and with their government taking full power and engaging in record breaking stimulus, the NIKKEI is surging, and that is very risk on for global markets.
Next, at the bottom, we have IWM/SPY. This is the small cap stocks vs the S&P500. Whenever this breaks out and runs higher, it signals that small caps are outperforming large caps...
Something that only happens in risk on environments
In addition ISM/PMI has broken into true expansion for the first time in 3 years, and is not slowing down.
But it is every single macro chart that matters showing it.
Then, we have Bitcoin.
It has performed differently this cycle to any others before it, and right now, this correction I believe will finish different to any others before it.
These macro tailwinds are so much greater than Bitcoin.
We have just had a record breaking Technical reset on Bitcoin in the shortest period of time ever.
The chart has now completed a total expanded flat pattern and is looking to form a macro low.
The whole time the global situation looks as I have pictured here, I am not positioning myself for a traditional bear market and another 6 months of downside.
Timing wise, the depth of this correction has prolonged
$BTC $ETH We are not in a macro bear market here.
That we are not in a traditional Bitcoin bear market and we will not complete a 75%, 300 day correction, and we will instead bottom around these levels and make new highs this year