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Crypto bottoms when we have our next "world event" similar to covid pandemic
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[quote:nemo_solus:MV81Mjc0MzUyXzk4NjA2NDQ0Xzc0NTU3RThF] [quote:Mr Cheese:MV81Mjc0MzUyXzk4NjAyMDAzXzYzNjExQTI=] I've started to think that bitcoin will find support at 12k. Bitcoin is currently at 22k. This means i think bitcoin drops roughly 50%. Matic is at 1$. If matic drops that same 50% then matic drops to 50 cent area. So basically, it's a believable support based on where i think bitcoin bottoms. I'm not going to sit here and tell you that matic will repeat the pump it did... but if it does? Then matic will go from 52/53 cents up to over 50$. As in, matic may have a 100x coming. I do believe that this coming crypto drop is very possibly the last drop and if matic holds 52/53 cents? Then I am very tentatively saying that the bullrun may be on. [/quote] Still in the longs from the beginning of the month, just have been letting it go for as long as looks likely. The Stablecoin cash has decidedly broken the trend I had been following, but I'm still planning to use this as a general indicator of a change in sentiment (either up or down): [imgur]https://imgur.com/a/rPcdVrH[/imgur] The BTC:USD daily chart still remains in the price resistance zone, so I wouldn't be surprised to see it test for new supports at some point. Until we have a nice strong break out of the zone, I'm not going to change my opinion that this isn't some sort of exit pump: [imgur]https://imgur.com/a/r1dyexH[/imgur] Not sure if I had shared this earlier, but I have been following a fractal in the BTC price: [imgur]https://imgur.com/a/DbYDPSL[/imgur] It broke down when the FTX meltdown happened and the price really deviated, but it has been interesting to see it recover and maintain the timing. Thanks for pointing out the Matic chart, I'll certainly keep it in mind. I agree that finding new Alts that haven't pumped yet for the next bull run is a good strategy. [/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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