Bitcoin doom.Ethereum doom. XRP doom. Everywhere... DOOM! (Bear market begins 8/6/2021???)

psst... AMP token
thank me later when Amazon/flexa announcement comes

this is the next wave,

it is a match made in heaven,

get paid to play!

You can buy this s-coin at the end of march if you want. Buying anything before end of march is suicide.

DAR if you want to ride that wave
Will be the next Axie, land sale lockup about to end too

Not a s-coin at all, built only with (very high) utility in mind

The boat will be missed if you wait till March.

I have never heard of amp before and I didn't need to even look at it's chart to know it is going to crash too. But. I did look at it's chart and looked at several of them. Just for you, sparky.

AMP is going to go down a ton. Here's how I know.

https://imgur.com/a/KhLyqB6

Hidden bearish divergence on the monthly chart on the MACD and the RSI.

Hidden bearish divergence definition: Price makes a lower high. An oscillator makes a higher high. This means the previous bearish trend is about to continue.

AMP has exactly 0% chance of going up to some stupid high price from where it is right now. AMP is fucked just like bitcoin is fucked, just like ethereum, just like xrp, just like matic, just like link, just like litecoin, just like dogecoin, just like shib.

So if you are a shill trying to sucker idiots into your shitcoin, congrats, i'm not dumber than you. If you are a hodler who hopes it will go higher and you just believe in it... I'm sorry to say that it is going to go down substantially before it comes up to a higher price.

But you keep believing it will go up. That'll make it happen. Because believing in things makes monthly divergences not play out... LOL.

For the record, not only is there hidden monthly divergence x2, there is weekly classic bearish divergence.

By the way again. It just fell below the 50 and 100 week moving averages for the first time in over a year and a half.

By the way one last time. It has broken the weekly support line dating back from end of 2020, and just broke it about 6 weeks ago.

AMP is about to be a fucking dumpster fire.

You're welcome.

Nemo, I believe this is it.

Look at the left and compare to the right.

On the left side:
-the white arrow is at the 1 fib.
-the yellow arrow is at the .5 fib.
-those two arrows projected the 0 fib exactly where it crashed to.

Applying that same methodology to the right side, it projects a 14/16k bottom.

The two bold yellow lines are what I feel the structure will form. A falling wedge. A suuuuuper huge falling wedge lasting the next 4-5 months.

If this chart starts to form over the next few months, then I expect the upward breakout towards new alltime highs to begin around end of may.

If this falling wedge breaks bullishly in end of may, I'm expecting approximately 80k bitcoin in december of 2022. At that point, it will be a broadening wedge, which is bearish as F. At THAT point, I believe it is all over, ladies and gentlemen.

https://imgur.com/a/DAEb0Oc

I'll ask again because my previous post is on another page now. What are your thoughts on the orderbooks in the 14/16k area? I expect it to be interesting.

When exactly is it going to tank?

And be back up again

Hi Cheese,

Sorry to delay getting back to you - have been away from my usual routine the past few days.

That's a very interesting pattern and I like that it is "fractal" in time as well as price.

Don't want to be suffering from confirmation bias, but that timeframe and price range do also have some correspondence with that H&S idea I was playing around with the other day:

https://imgur.com/a/osmx2qC

I think that as much as many would like to believe Crypto is an independent agent, it is now very much coupled with the fates of the traditional financial markets. Not to say Crypto won't still do it's volatility thing, but a big correction like that I think is more likely to be tied to the overall market.

I'll have to think about it some more, but that's my first impression.

As far as the order book for BTC goes, here's what it looks like at the moment:

https://imgur.com/a/h3buZyE

https://imgur.com/a/wZ7Zdx4

I don't see anything really interesting happening in the the $14-16k area, but looking at order book volume usually wouldn't be predictive out that many months.

Last Edited by nemo_solus on 01/13/2022 05:13 PM

there are four thousand cryptocurrencies right now,

this thing is not going to go away anytime soon,




Last Edited by No holds barred on 01/13/2022 10:45 PM

Yea worthless

there are people that have bought houses and boats from the profits,

splain that?

Since I firmly believe Coinbase and Coinbase Pro reall suck, what exchanges do you guys recommend?

All the exchanges have issues, it's just the nature of things. In my experience at least, Coinbase isn't any worse than the rest and I would rate them better comparitively than most. It's hard not to have to work with them too as if nothing else, they are a major fiat on/off ramp in the US.

That said, I've had good experience with Kraken, although I've not been a fan of their trading interface, but your perception might be different.

Also, what exchange works for you depends on what you're looking to buy or trade. For a lot of the newer projects, I like to acquire them on KuCoin. Again, not a fan of the interface there, but they have been reliable in trading, at least in my experience.

Hope that's helpful to you and good luck!

I'm expecting crypto to be bottoming in mid march.

I'll post an XRP chart in a minute as I think XRP is bottoming in the 36-38 cent range. XRP has a very interesting pattern forming that shows basically march 15th as a very very interesting moment in time for a potential bottom. This would mean that the entire market would be bottoming in that time period too.

I actually think XRP might come up to 4-5$ by end of 2022. This means I expect XRP to 10x in value from march/may 2022 to december of 2022. I'm starting to think it outperforms Bitcoin and Ethereum the rest of the year in gains. I don't think bitcoin and ethereum will 10x the rest of the way. Could be wrong on that but thats what i think.

I think you guys will have until end of may to buy as much crypto as you can before it all blasts off together.

I'll be going partially into XRP and partially into bitcoin.

So again XRP.

I'm pretty excited for XRP right now and here's why.

https://imgur.com/a/A03xeDD

See the white numbers 1,2,3,4,5,6 ? That was the pattern the falling wedge made last year. The same falling wedge I told you all 3 months ahead of time that XRP would fall to 50 cents. Where I was called an idiot for 2 months straight until it happened and then there was absolute silence about the whole situation.

I believe it is very possible it is repeating that same thing on the right, with the yellow 1,2,3,4,5,6.

I think we are very possibly in ANOTHER falling wedge for XRP. This would make it the 3rd XRP falling wedge in a row, which honestly is just insane that it happened 3 times in a row.

Another side note: I told you guys XRP would top around 9/11 and then crash. I remember a few of you talking shit to me saying "XRP didn't crash on 9/11 so when's it going to crash? lol" Well. Look on the chart. I put a verticle line at 9/11 for you. Does it look like XRP crashed on 9/11 to you now? I sure hope it does.

Anyways. We need to zoom out on XRP now so here's another picture of a bigger timeframe for XRP.

https://imgur.com/a/NcRbCQQ

The two BIG yellow arrows at the bottom are the support dating back from march 2020. Super important trendline. The most important right now for XRP.

This yellow arrow trendline meets our "potential downsloping falling wedge" that I think we are in right now. It meets the falling wedge basically on march 11th-15th. This is basically a giant "X marks the spot." Exactly when I expect the crypto world to fall apart. That is beyond insane for those two lines to meet up at that moment in time, so I am highly considering buying a lot of xrp at 36-38 cents in mid march and just hold it until end of 2022. I think it's likely it comes up to 4 or 5$ by end of 2022.

The white arrow on the left and white arrow in the middle of the chart are examples of the "X marks the spot" location being actual real support and resistance levels, thus giving a fair amount of credence to the idea that it could actually in fact be the bottom.

Bottom for only a while, or until end of year? That much I can't say for certain. I strongly suspect 36/38 cents will be the bottom and I strongly suspect 4/5$ XRP by end of year. I don't think it goes higher than that at the moment.

I'd like a Mennonite Crypto.

LoL - I could sell you some BTC if that would help...

:)

Menno NFT's also - there's a lot of neat "folk art" that could be digitized.

Last Edited by nemo_solus on 01/15/2022 12:30 AM

https://imgur.com/a/D4evFHo

I would also suggest the VWAP shows some good price support levels as well...

https://imgur.com/a/PQELeaN

But the 0.36 and 0.38$ levels are not implausible either given it's around the POC on the VPFR as well.

I'm thinking the downward fireworks starts this coming week. I think we will have the final rejection at 44,600$ on 1/16/2022 and i think we'll see 16,300$ next week (or two weeks at the most, but i lean towards next week strongly).

I cleaned up the falling wedge a little bit and made the bottom of the falling wedge using the weekly candleclose trendlines instead of the daily chart. The two white arrows are the weekly candle close trendline i'm watching now. The yellow arrow is where bitcoin touches that trendline next week.

https://imgur.com/tEEnQvY

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Looking at the daily chart on this 16,300$ price, look to the left. The blue arrow at the far left is the bottom of that support cluster. Exactly at 16,300$.

https://imgur.com/YnApejz

I'll be buying 16,300$ and hoping that bitcoin flies up to 35k over a couple days. Then i'll sell bitcoin at 35k and wait for it to crash to 18k again.

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If we DO crash to 16.3k i'm going to make a fun game out of this. I'm going to tell you guys exactly when to buy and exactly when to sell bitcoin over the next 5 months. I have 5-6 buys and sells lined up right now. If 16,300$ happens I am going to be monopoly man rich by the end of 2022. If 16,300$ happens, watch me be right over and over and over and over and over.


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So again. I'm buying 16,300-16,500$ next week if it happens and i'm selling it at 35k a few days later.

If this first massive domino falls I am 99% sure I have this 100% nailed the rest of the year.

This has the potential to go down as far as 11,000$ by mid may. If this first drop to 16k happens then there will be more volatility(up AND down) over the next 5 months than you've ever seen in any financial market in your entire life.

One final note. As soon as it gets below 35k, the drop to 16k will happen within a day or two. It's going to drop like a brick and bounce up just as fast. If you're a degenerate gambler, don't use leverage over the next 5 months. Just buy and sell. Leverage will get you killed for the next 5 months.

Last Edited by Mr. Cheese on 01/15/2022 08:13 PM

The falling wedge last year was a 6 location falling wedge. I think that this one will be an 8 location falling wedge. XRP has support at the bottom of the falling wedge at around 48 cents right now and I think bitcoin crash is very imminent. So i'm expecting a 50 cent bounce for a few weeks before a final bottoming in march.

So yeah I agree that it won't get to 36/38 on this first drop.

This will be my last post of a chart before the crash. I've kind of touched on everything that needs to be said. Compare the 2021/2022 bull market to the 2018 bull market right here.

2018 bull market

https://imgur.com/a/tSWuAU9

2021/2022 bull market

https://imgur.com/a/VESTAnh

Both bull markets made a left shoulder. Both bull markets made a head. Both bull markets fell down to that downsloping trendline. The EXACT SAME trendline. Both bull markets made a retrace up to make a right shoulder. Both bull markets fell below the trendline while also being below the 618 retrace.

That covid crash is days away. I can't say if a bullshit lockdown will accompany it but I can say that the exact same financial crash is coming. Really really really soon.

I'm hoping 16,300$ holds as support because then we can continue the bull market. It is entirely possible that it goes lower and just shits on everyone. 3,000/4,000$ is the lowest it can go this crash.

I would like to say that at the moment I think 16,300$ will hold as support.

As the crash is happening I will update my thoughts on if i still think it will hold.

Changing my thoughts Nemo. Still bearish. Still think monster crash is imminent.

I think it's going to come all the way down to 4500 or 5k now. Expecting it any time in the next few months. Hoping it happens in the next few weeks.

I think it's very possible it will be a bottom in similar shape and structure to the march 2020 covid crash. If it does a similar shape of a recovery then I could see bitcoin over 200k by spring of 2023.

Anyways, super lofty aspirations I admit. It will take time for the idea to become more believable to me.

So at the moment i'm buying 4500/5k if it happens. Not sure which yet. Taking it hour by hour right now.
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Need to see what happens at 20k first. That will make 4500 or 5k look more likely. Expecting 20k to bounce us up to 28/29k before rejecting down to the ultimate bottom of hopefully no lower than 4500/5k.

Last Edited by Mr. Cheese on 01/17/2022 06:08 PM

Howdy Cheese,


Thanks for all the charts and analysis, it is always useful to be able to see what (and how) others are thinking along with the lines of reasoning.

Honestly, I'm in the same camp not knowing what way things are going to go next and at this moment am not in anything aside from XRP as a long term hold.

I'm going to stay looking for directional signs in the order book volume and just playing it from there. The crypto market moves fast, so it is a risk to not be in at all and miss out on an initial drive in either direction (long or short).

I remain concerned about the contagion from the traditional markets on Crypto, but my assessment is that if the stock market keeps from crashing, we will probably see Crypto take off, presumably into an "Alt Season" to some degree for a month to a month and a half. Will it dip a bit lower before doing so? Possibly, but there's probably equal odds of it trending up from there too as we've had some consolidation at this support level.

A great aspect to charting on sites such as Tradingview is that you can track your TA predictions and see how they play out over time. It keeps one honest in how you've done and gives good feedback to make improvements.

A few months ago I had posted an idea on a DJI pattern - here's how its played out:

https://imgur.com/a/xsL3eYC

Obviously, the index did not drop 40-60% as soon as it broke out of the pattern, but that point did mark a change in the trend. It's a lot weaker and mostly sideways since then.

Another similar chart of the S&P500 shows this:

https://imgur.com/a/orQ5pRC

What's interesting here is the same trend pattern as the DJI, just redrawn with the later weeks data. It's showing an exit from the pattern between the middle of February to sometime around the middle of March. Also of interest is the convergence of several time series fib levels into that same area.

I'm all too aware of being a mistakenly labeled a "permabear" with all these negative assessments, seemingly never being "correct". However, I see it as important to examine the possible downside in balancing out our crypto enthusiasm.

At some inevitable point, I do know with certainty that the games that have been played in keeping the markets up will no longer be sufficient. Math always wins at the end of the day and in the long run the books always must balance.

The Masters of the Universe undoubtedly have a few more tricks left, but I will note that we're already at the point of "helicopter money" (aka Pandemic stimulus funding) and that was one of the biggest tools they had left to use prior to the Covid Crash in 2020. What will they do this next "Covid Crash" is worthy of some speculation. That's the part I love about GLP - lots of creative thinkers. :)

Last Edited by nemo_solus on 01/17/2022 11:43 PM

omg cheezey is posting again

you know what to do.....time to pile it all in boys ATH's weeks away

I'm starting to feel like bitcoin will be 3k in mid march now...

Obviously I reassess everything every single day. It's a compulsion for me and pretty much my only hobby. I am now thinking 3200 mid march.

Thinking that it is in a 10 year long head and shoulders pattern now.

I'm going to wait to short for the time being. I think that it "could" be a good short right now but I am leaning very heavily for the ultimate short to be in mid february right now.

https://imgur.com/a/N34fNHl

This is what I think is coming for the dow jones at some point in the next ten years. If this is that crash? It lasts 3-4 years and ends around 4k or so. A drop of roughly 90%.

I do think this is coming. I am starting to think that it might actually begin sooner than 10 years. We're at the very top of that parallel channel from the great depression. It's the perfect time to crash if you ask me.

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Conversely you could draw the parallel channel this way and then we actually have a lot of upside left, it could go up to 80k in this parallel channel.

https://imgur.com/FUHQwSI

One thing i'll add is that the march 2020 covid crash crashed to the center line in the bottom picture. The bottom picture also has more confluence with the center line all throughout the last 100 years. Since the center line of the bottom picture has more touchpoints it makes the bottom channel seem more likely... but I won't discredit the top one just yet. It has to get up and over that upper trendline that is currently giving it a good bit of a resistance check.

Hey Nemo check out Gala coin. GALAUSD. I just bought a few thousand $ of it at 27/28 cents.

I think it's possible that this shit coin is about to go to new alltime highs. If it does that then it might come up to 3-6 dollars.

If it goes below 26 cents i'll sell it because it's pooping out but I think it's very possible that this coin 10x's, maybe 20x's up in the next month before the bear market kicks into high gear.

Bullish divergences on the daily/4 hour/1 hour RSI and macd. 27.5 cents was the bottom of a huge falling wedge(just made the 3rd touch of the falling wedge yesterday and it held the bottom of the wedge as support for now). It also just did a tweezer bottom candlestick pattern on the daily chart over the last 48 hours. Lastly a huge bullish hammer on the 4 hour chart that is about to close in about 1 hour. This looks absolutely primed for blast off.

If it goes below I'd say 26 cents then this is a dead trade but if it holds then it can get pretty stupid pretty fast. I'm very hopeful right now.

Last Edited by Mr. Cheese on 01/19/2022 09:59 PM

Thanks for the idea!

Funny that you should mention it - went in some GALAX3L yesterday too as the chart was looking good.