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Crypto bottoms when we have our next "world event" similar to covid pandemic
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[quote:Anonymous Coward 16242016:MV81Mjc0MzUyXzk4MDgxNTk2XzU1Qzk5QkJE] Nemo, i'm still sold on 8/9k as the bottom. Comparing this bull market to the prior bull market... i finally found the way to anchor the fib brackets in the chart properly. At least, I think I have. Using the prior market high(from 2011) as the bottom of your fib bracket, the 886 was the retrace of the 2015 bear market. Doing the same business with the current market cycle(using the 2013 top as the bottom of your fib bracket) says 8900/9k is the bottom. Copy/pasting the fractal over current price gives a timeline of happening in the next 3-4 months. Yellow arrow in 2015 compares to 15k where we are currently (temporarily) showing signs of support (both were exactly at the 786). In 2015, it bottomed exactly at the 886. 2022/2023's 886 is 8900/9000$. IMO, this is when I will buy. Thinking it really happens in the next 3-4 months. March 11/13th would make sense because of a lot of reasons. 11th day of the 3rd month of the quarterly financial period is often a market bottom. 9/11 was 11th day of 3rd month of a financial quarter. So was covid19's march 11 2020 bottom. So was december 11, 2018 market bottom. Happening on march 11/13th just feels too predictable so honestly i'm not sure that'll happen, just based on how predictable it is. Honestly it's ready to drop at any time. Could happen next month. Or again, may be march 2023. [imgur]https://imgur.com/Iyu44mE[/imgur] Going below 8800$ is now a pretty bad sign. If it goes below 8800 i probably won't buy. [/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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