Three completely unrelated markets are tracing the same expansion-distribution-correction-recovery fractal that has historically trapped traders right before the real pain.
Most people I know are either dumping
$BTC thinking the cycle is over or chasing every bounce in $rGOOGL like the next leg is already here. It feels exactly like the same movie we watched in previous cycles.
Look at the long-term charts. $GOLD ran through a massive expansion, then distribution, a deep correction that wrecked a lot of accounts, a recovery bounce, and only later the fifth wave.
$BTC printed a similar sequence after its early runs. Now $rGOOGL is lining up the same way. The current turbulence looks more like the messy transition inside a larger cycle than the actual end of the trend.
The risk is mistaking this chop for either the bottom or the top. Buy too early and you eat another leg down. Sell here and you miss whatever comes next if the fractal holds. These alignments have cost more people money than they have made because the timing of that fifth wave is never as clean as it looks on the chart.
Anyone else seeing this same structure, or do you think the pattern is already broken?
#Bitcoin #Gold #MarketCycles