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Crypto bottoms when we have our next "world event" similar to covid pandemic
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[quote:nemo_solus:MV81Mjc0MzUyXzk4NjM0MjQzXzMxNTI1QzQ=] [quote:Mr Cheese:MV81Mjc0MzUyXzk4NjIyNTE3XzY0NEI3NTcx] nemo i'm probably just going to wait for the s&p500 to be at 2500$ before i consider buying crypto again. as far as i'm concerned, crypto is entering uncharted waters. this is not uncharted waters for the s&p500. according to the s&p500, we're repeating the 2001 financial crisis and we won't make the final bottom until end of year 2024. s&p has not done a single tiny thing to tell us it's bullish yet. [b]s&p says we're repeating the 9/11/2001 crash in spring/summer of 2023. that's why i got so hypey about a world event happening in the coming months. an event similar to 9/11.[/b] ask yourself one question. does the world seem like a 9/11-type event could happen right now? to me? it sure fucking does. if we have a 9/11-type event then markets won't bottom for another year afterwards. [/quote] The crypto market is certainly long-term correlated to the equities market, no doubts there, so looking to them as a crypto indicator makes sense. I'm mostly cashed out of the crypto market since I really don't have trust in the solvency of the market at the moment (it's a question more of return *of* capital rather than return *on* capital). The small amount I still have in trade is long for now and I'm mostly just looking for signs of when to flip it short. As I don't trade for any other reason than as a hobby, if it all gets lost, that's a risk I'm OK with. One of the other telling things I'm going to use as an indicator for an upcoming crash is when Congress finally passes a law that gives them cover to exit the market: https://www.zerohedge.com/political/hawley-introduces-pelosi-act-stop-congressional-insider-trading I don't have any particular "premonitions" of a 9/11 type event but I do believe that one will be used to try to manage the next financial crisis. [/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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