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Crypto bottoms when we have our next "world event" similar to covid pandemic
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 16242016:MV81Mjc0MzUyXzk3OTMyOTY4Xzg4RDFFQ0NG] [quote:Anonymous Coward 84062237:MV81Mjc0MzUyXzk3OTMyODg5XzYwOTc5QkUw] 15,600 was local bottom, and someone in GLP already said that was bottom. i hope they are wrong cause i’m sitting in cash, just waiting to pounce. [/quote] it probably won't go below 15k until mid/late february. if i am right, it's going to float in the 15k-17k range for a couple months to lull everyone to sleep. i do believe that they are wrong about it being the bottom. stock market volatility just picked up (which almost always brings crashes). the last 6 times stock market picked up volatility, bitcoin has crashed. all 6 times. the fed just did whatever they did to rates which also almost always brings crashes. it's not made a bullish harmonic. it's not made a bullish pattern. it broke a fairly good size trendline bearishly a couple days ago indicating it will trickle down the coming few days. it has not had a major bearish impulse(bear market finale) which is how bitcoin likes to operate before bottoming. price is also currently under 17.5k (that crash bottom we made in june 2022). being under that is not good. there is no way to say we are bullish while under that price level. no way at all. not even a little bit. in my opinion, if it was the bottom then it is breaking the rules of t.a. by actually being the bottom. in my opinion, it's impossible for that to be the bottom. temporary bottom, sure. permanent long term bottom? highly doubtful. [/quote]
Original Message
15.6k is not the bottom.
Crypto will bottom when we repeat the march 2020 "covid pandemic" market crash. Politicians will use this "emergency" to begin their money printing and cause assets to begin their bullrun.
We are not bottomed yet.
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Original first post below
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Thought I would log in under my account because my last post was as an anonymous coward.
Anyways.
I told you xrp would dump at 1.70 last year down to 50 cents. I was perfectly correct while you all flamed me for months.
I told you 69k was the top for bitcoin and you all flamed me for months.
I told you 48.2k bitcoin would resume the bear market due to a bearish gartley harmonic, along with hidden bearish divergence on the daily RSI, classic bearish divergence on the daily macd, 3day RSI trendline resistance, 400 day moving average resistance and 200 day moving average resistance. I told you this on march 29th the DAY bitcoin hit 48.2k. If you can't tell, i'm fucking proud of this one. Told you bitcoin would come down to 20-24k back then.
And i've told you that we are not bottomed yet. I told you 17.5k was not the bitcoin bottom. I told you multiple times.
This won't bottom until everyone is hopeless.
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