This is the only thing that matters. You have got to ignore the low time frame noise/fear and force yourself to understand this. The high time frame is exceptionally bullish and is signalling that : 1. We have likely macro bottomed across assets 2. We have a very large run ahead On this chart we can see the position of Bitcoin, ETH/BTC and OTHERS every time that Gold topped since the Crypto market existed. This was June 2016 and August 2020. Now look at the positions of these charts when Gold topped... And look at them now. In addition, the red dots mark previous cycle tops in all assets. In any previous cycle, did any of these assets/charts top at the same time as Gold? No. Gold topping marked the transition to a more risk on environment and Crypto went on, every time, to have its true bull cycle. The 4 year cycle guys will ignore anything like this post because it shows that we are in a fundamentally different position to what the 4 year cycle requires. This overall HTF macro view is the only thing that matters, and it is clear. It doesn't matter about "war this and oil that"......