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03:28 PM
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Crypto bottoms when we have our next "world event" similar to covid pandemic
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[quote:nemo_solus:MV81Mjc0MzUyXzk4MzU0Nzk0X0YxOTk2OEQy] [quote:Mr Cheese:MV81Mjc0MzUyXzk4MzM5Mjc5XzZBNEFENjc3] [quote:nemo_solus:MV81Mjc0MzUyXzk4MzM5MjA2X0I1QjQ1RDIx] [quote:Mr Cheese:MV81Mjc0MzUyXzk4MzM4NjAxXzk0NjUwNzNC] i am highly... highly convinced that this is not the longterm bottom. the only thing i'm not sure of is how long this bullshit lasts before it goes down again. [/quote] Completely agree, this is not a long term trend reversal. There is too much bad news waiting under the surface from the FTX disaster that can still wreck the market. When that starts coming out (and who knows when that may be, but likely sometime within Q1) we'll be back to the bears. I'm sort of wondering if this isn't an "exit pump" of some sort. For now, it's a good trading opportunity, just have to be careful not to become a bagholder. [/quote] looking at the usdt.d chart... it seems to suggest we might be repeating the july 18 2021 pump right now. if that is the case and if it takes the same amount of time... and if bitcoin does the same type of pump? this may last until end of april. i could see bitcoin going up to 56k. that's my extreme hopium top target. i just dont think it's going to happen... but if we repeat the usdt.d action... why couldn't it happen that way? i would LOVE to see the usdt.d at the 200 day moving average when i'm interested in shorting again. i'm very into this usdt.d chart now. super interesting new way to look at the markets. if this really follows then the bear market starts in may. anyone who follows crypto knows that may is usually a bullish month. people actually trade based on that. i don't. but people know it's usually a good month, statistically. i like to counter-trade what people "know." [/quote] [imgur]https://imgur.com/a/ZneBNbd[/imgur] It's a bit ugly and just thrown together, but did a mockup of your July 18, 2021 comparison to where things are now. From the top to the reversal low, 48 days and ~50% puts us out to around Feb 16, 2023. I think that's too fast and too much for this time, my best case scenario is back down to the lower trend support (red line) before reversal. Happy to be wrong on this though. :) [imgur]https://imgur.com/a/UoDRPlq[/imgur] BTC staying on course, still waiting to see how it interacts with the upper trend line and/or the resistance zone. [/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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