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Crypto bottoms when we have our next "world event" similar to covid pandemic
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[quote:Lady Jane Smith:MV81Mjc0MzUyXzk3MzM0NDU0XzI2NjIxQ0NF] [quote:Anonymous Coward 84650941:MV81Mjc0MzUyXzk3MzI0OTUyX0ZBQjkwMzE4] [quote:Mr Cheese:MV81Mjc0MzUyXzk3MzIyMjE3X0M3ODE4MkFF] [quote:Tweezerism 79580316:MV81Mjc0MzUyXzk3MzIyMTY0XzEzOEZGQjhB] [quote:Lady Jane Smith:MV81Mjc0MzUyXzk3MzIxNzE5XzM0NDdDMkFD] One more thing, we have a tweezer top on the 4 hour candles. That is bearish. Note to noobs: We do not have crystal balls, and anything can happen. No such thing as a risk free trade. [/quote] A "tweezer top?" WTF is that, already? I'm a technical kinda guy, and have never heard of that. It sounds kinda gay, to be honest! :scream: [/quote] a tweezer top is a two candle pattern where there is a localized high with a candle close. the following candle, upon the open, goes to the high of the previous candle (the wick) and decides to reject exactly at the same wick. if you look at it, it looks like two side by side identical candles with the same top. It kind of looks like a pair of tweezers, hence the name. [/quote] cashflow don't care so much about "technical analysis". the miners can't pay BTC's electricity costs. the new belief seems to be that "miners will consolidate" as they go bankrupt and somehow something magical will happen so the remaining miners can somehow pay everybody's bill instead of just their own and then BTC will skyrocket to new highs. [/quote] You are correct, techincal analysis does not cover all contingencies. It is just one tool, but not a crystal ball. That said, we have before seen the massive rout of miners, but BTC recovered. It took a long time, and it languished in a small range during that time, but it did make for day trading opportunities. [/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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