This cycle was different.


Fundamentally different.
1. New ATH before the halving
2. No true overbought expansion on 1M RSI
3. The whole cycle in ISM contraction
These are very big factors that cannot just be ignored.
So when looking at this current bear phase, we cannot look at it the same way as before.
The 1M RSI is already at the 2015 and 2018 bear market lows, and very close to 2022 lows.
In addition it has already tagged the 1M 50 EMA.
And it has made it there after only 4 months.
What this shows us is that just how we never had true expansion, we would be silly to expect the same contraction.
This is yet again another situation in which we look a lot more like 2020 than any other period in time.
I am not seeing anything that tells me we are in the same style bear market as we have had previously, and everyone should be aware of these differences.
Many were caught offside at the $126k top due to it being a very different top...
And i think the same is going to happen at the bottom, and, soon.
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