Do you agree that sentiment is embedded in charts?
It can be, to some extent. Through looking at open interest and such.
This is also what makes it so dangerous, in my opinion, to assume a start of the bull with the coming halving (probably in April 2024). Everyone assumes that the halving will usher in the next run, but there is absolutely no guarantee of that, certainly not the shortage of supply of "new" Bitcoin through mining.
However, you can already see "well-known" crypto-influencers promising viewers the blue of heaven and arguing that it was the same in the past. Three cycles, where the halving has actually heralded the bull, do not allow for a guarantee for the future.
Exactly, hence why I'm a bit skeptical. I still don't know what's going to happen though, so I'll make sure I have dry powder if ever we see the opposite of what most people are expecting to happen.