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Crypto bottoms when we have our next "world event" similar to covid pandemic
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[quote:nemo_solus:MV81Mjc0MzUyXzk4NzMyMzA0XzE2RTg5MzJE] [quote:Mr Cheese:MV81Mjc0MzUyXzk4NzI5MjQ5X0U3OTZFRTEy] hey nemo just checking in. I really am losing most of what little hope i've had that we are going to have another real bullrun before 2030. I mean yeah i'm expecting a little pop up starting end of 2023 that could last until mid 2024... but i am back to thinking this is the great depression and it will last until 2030. ... basically i think ethereum can fall roughly 99% from where it is right now. if ethereum does that then everything else does too. as in... great depression. which by the way? we haven't even begun to see the pain yet. ~~~ ~~~ ~~~ Do any of you have the patience to wait until 2030? I do. Do any of you believe "you will own nothing and be happy?" I do. Does anyone really know what that statement means? I think this is what that means. [/quote] Howdy Cheese - thanks for checking in, hope your shoulder is doing better! I see what you're saying with that fractal, and I don't doubt we are still going to see some down market action still due to FTX and other things, but honestly I'm not sure about that long of a time to trend down. Fortunately, it's still tradable either way. :) ETH could fall for other reasons besides general market conditions or it may just fade out over that sort of timeline too due to competition. Today's little price bump didn't really cause the recent upper resistance to be broken: [imgur]https://imgur.com/a/HGbyGP1[/imgur] Now that the Fed news is done, hopefully the rest of the week will give us a good indication of either breaking out or back down again, most likely to test the prior resistance as a new support. [imgur]https://imgur.com/a/P8wwvHX[/imgur] Stablecoin cash has flowed a bit further back into the market on today's enthusiasm, finally at the next target I had in mind, the Gann 3/1 line. Still long with everything from back at the beginning of the year, but considering moving to some short if we're looking more likely to test prior resistance for support instead of breaking through and out of this 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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