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05:04 PM
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Crypto bottoms when we have our next "world event" similar to covid pandemic
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[quote:Anonymous Coward 85112413:MV81Mjc0MzUyXzk4NDQ1NTExX0QyNzdCQzU2] [quote:Anonymous Coward 85112320:MV81Mjc0MzUyXzk4NDQ1MDk2XzgyMDE2MTE2] [quote:Anonymous Coward 85112320:MV81Mjc0MzUyXzk4NDQ1MDQ2XzM3QUYxRjVC] [quote:Mr Cheese:MV81Mjc0MzUyXzk4NDQ0ODM5XzVFRkVBMkQw] nemo im getting the feeling this is a trap/fakeout rally. exactly like you proposed. trying to short a couple garbage unknown altcoins right now. this just feels [b]TOO[/b] easy to keep going up from here. not convinced it has to keep going up anymore. every amateur T.A. person there is became bullish when bitcoin got above the 200 day moving average... the whales know that. i like to do the opposite of what the herd thinks. [/quote] i only follow bitcoin, but it's already had two sucker rallies in the past 8 months, both rising 4-5k over a couple weeks. 25% rise in 3 days feels super suspicious, I say it's another sucker play, it has a desperate feel to it. Im not seeing a degradation in performance yet but Im 95% sure that bitcoin network is losing miners continously right now. I know 20% of total capacity declared bankruptcy in the past 8 weeks. my guesstimate is 40% loss so far. [/quote] the whales have to get Bitcoin to high $20s to stop deterioration of bitcoin network, and then $60k by early 2024 just so miners reach breakeven, ie working for free. how long will they work for free? . [/quote] :hesright: [/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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