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Crypto bottoms when we have our next "world event" similar to covid pandemic
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[quote:nemo_solus:MV81Mjc0MzUyXzk4MzU0NjQzX0RCOTFFOTBC] [quote:Mr Cheese:MV81Mjc0MzUyXzk4MzQ0MzkyXzIyOTM0QzhC] FYI nemo, gala up another 35% or something today. I sold my coins just now. 100% profit before leverage and it happens in 3 days? I'm not getting greedy. I made stupid money and left the trade. Gala is showing the weakest sign of reversal so screw it. Going to wait to re-enter anything... markets are too hot for my tastes. I'm not sure I will enter anything again but I'll let you know when I'm thinking about it... As much as I want to long again, I feel like it'll probably be a short next. [/quote] Nice Trade! I'm still in, limits are basically set on the bots to just protect the initial capital with a very slow trailing stop. My overall inclination is that this is a exit pump and we'll see the FTX contagion continue to take down more major players and the price in the market. However, I could be wrong and this small levered position long is an attempt to limit my exposure to the downside but cover the case that the market has already fully discounted the FTX troubles and blue skies are ahead. As far as going short, given how insolvent many players appear to be, I'm not sure I would take that trade as it may be that you win, but the exchange fails and can't (or more likely, won't) pay out. [/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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