Bitcoin's bearish price action is approaching historic levels
2018 has been rough for bitcoin, to say the least.
Looking at the numbers we are seeing that bitcoin is acting more bearish than almost at another time in its history:
(Source: https://twitter.com/Rptr45/status/1057973259281420289)
Since 2012 the only time we’ve seen more persistent negative performance was in 2014 where there was 4 negative months in a row from July-October and 12 out of 16 months were negative from Feb ’14 to June ’15.
We just witnessed 3 consecutive negative months in a row.
"When the Moon is in the seventh house,
and Jupiter aligns with Mars..."
Thus began an old song called "The Age of Aquarius", part of my internal favorites list that randomly pops into my head from time to time.
What the **** does this have to do with Crypto, you ask? Simply that while it may not be the Age of Aquarius, and it is highly unlikely to be ruled by peace and love, (except perhaps for Lawyers in Love, but that was a different song), we are undoubtedly at the dawn of a new age.
For better or worse, (or more likely both), the old paradigms will fall and the world will be remade. At the edge of Chaos, survival becomes unlikely for both individuals and groups.
Yes, this must be true.