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

[imgur] [link to imgur.com]

I haven't looked at the dow Jones index in a few weeks. Sweet Jesus this looks INSANELY ready to crash.

I want to point out. The 618 retrace of the covid March 2020 crash and the 618 retrace of the current market(two yellow arrows up top)... are lined up to the exact same price. Within like 1/2 a percent.

That is NOT something to be ignored. It is reflective of similarities between the two market cycles.

Its making weekly bearish divergence on both the macd and the rsi. Its making the same pattern on my divergence indicator it made the last week before the crash started in March 2020...(two white arrow below)

I kind of expect the crash to start now. Like... it might start Monday. As in it might start in like 16 hours.

This honestly could be starting tomorrow.

I don't know if it will be as fast as March 2020 was. This might be a longer/slower crash...

But I am very inclined to say the downtrend begins Monday. Tomorrow. Basically now.

Maybe we WILL have the 9/11 lockdown? Its too soon to tell when, currently... even if it starts tomorrow. I know where the dow Jones will bottom so when the crash actually DOES start... I'll show you the bottom weeks ahead of time.

We'll lockdown the day it bottoms.

Wow great outlook cheese!

How do futures "look" right now?

Okay, Mr. Cheese, questions for you.

Will housing plummet due to ending moratorium or will it continue to skyrocket?

Will gold and silver stocks go up?

Where do you think is the best place to profit?

Things have extremely high potential for going nonlinear right now...

The people in charge are riding a very pissed off tiger and honestly I wouldn't trust them to ride a tame petting zoo pony.

We all know what their agenda is and even broadly about how they intend to get there, but I seriously question their capability to pull that shit off!

What would be the benefit of them locking down after crash?

The lockdown tells the plebs that "covid took your money, not us."

The lockdown tells the plebs "sell your assets!" (To us at basement prices.) because covid is super scary. And we just locked down. So you KNOW its going lower... (after the next lockdown all assets skyrocket just like March 2020)

Maximum casualties....

Maximum destruction, maximum confusion, maximum carnage, and maximum power.

I wish it was just about stealing money...

That would be awesome.

They intend to take far more than money from everyone this time.

Truly, you're probably right. Its probably 6 birds with 1 stone here.

Everything will plummet. Gasoline at the gas stations will probably be like 50 cents a gallon for a few weeks. They'll blame it on the Russians selling (a made up number) of oil barrels driving the price way down... just like March 2020.

Gold and silver crashed in March 2020. Everything did.

The best advice I can give is be in cash and buy anything you want as soon as we covid lockdown. Thats when everything will be a bargain. I'm buying crypto when we lockdowm but buy anything honestly.

I had made the decision to cash out my retirement stocks tomorrow in Morgan Stanley
even before seeing this thread; although reading this confirms my decision.

Do you think cash is any safer in FDIC-insured banks rather than stock brokerages?

I'm not sure which one will fare better in this financial meltdown or even whether FDIC means anything any longer.

That question is outside my expertise. I have heard rumor of a bank collapse cash grab on everyone with funds in a bank account but don't know if they'd actually do that.

My expertise is limited to basically the patterns in the markets unfortunately.

Thanks for input, yeah, I was surprised gold and silver stocks were down too after COVID because of shut downs, didn't think about that.

Staying in cash seems counterintuitive since everyone is always saying the dollar will crash, but maybe this is their way to making sure dollar does not crash.

Do you think housing will crash?? It skyrocketed during COVID, didn't expect that either, but I think we had fed backed groups buying up whole neighborhoods.

I know it's not your area, but do you think credit unions are safer than banks in general? I don't think some have invested as wildly and therefore safer.

Okay, thanks, now I get it, they were going to crash anyways and now they can blame COVID, slick.

Good question, K. I have never used a credit union but I am looking into it tmw. They would *seem* to be safer.

Fuck ... I genuinely hoped to refresh this thread and see you tell me I'm wrong, preferably angrily and with lots of profanity..


When the hard finance guy and the aspy feelingstard with a side of hard science overall public gestalt guy (that's me) kinda sorta agree that we're quite possibly on the cusp of the big show/end game move of the current power structure, that's not exactly good.

So another data point for you finance dude.

Last week I was buying good ammo easily for almost mid 2019 prices and it was freely available.

I went to buy more two days ago and basically all the good shit that wasn't 200% precovid price is GONE.

there's a few sellers who have a tiny bit left if you're willing to pay ain't nobody can afford that shit prices!

Other shit has went from back in almost full market glut quantities to just fuckin GONE.

The wisdom of the crowd (directly contradicted by what the normies are saying a full 180 degrees out of phase which is bad)

Says that the fuckening is either here or will be in less than 2 months.

Mr. Cheese, the Daily Hodl is reporting that over $500,000,000 of crypto has been transferred to Ethereum, what do you make of that? Do you think Ethereum is the safest of all crypto?

Taking that back, looks like the whales moved OUT of ETH, I read that wrong, not good for ETH holders :(

I'm short ethereum right now. I entered around 2650$ and have a break even stop...

I don't even have a target downward... just going to see what happens. If this IS the stock market meltdown I say could be happening...

Honestly I don't even want to say how low I think things could go because every single one of you will say I'm 100% crazy.

F it.

My 100% doom for crypto thoughts?

Honestly? 100% doom?

If this IS the meltdown I think it could be...?

100$ ethereum. 3000$ bitcoin. That is maximum doom.

I'm not saying that will happen...

Just saying that's my maximum doom target. That requires a covid 2 lockdown doom level of stock market doom which WILL drag crypto that low if the stock market does what i think it might.

Mr. Cheese I know you're not a financial advisor (or maybe you are irl idk lol) but I've one question.

Should I take what I have in crypto and move it into usd before it all crashes back down? I'm still down quite a bit having bought it at ATH.

thanks for your updates bro. please keep it up.

how LOW do you think the dow jones will reach before the end of this year? do you think we will hit below march 2020 lows?




Last Edited by DragonKiller on 08/01/2021 09:52 PM

I bought ETH at the peak, good thing it wasn't much, but still never will by crypto again, sick of the hype. Lots of people will lose lots of money on this crypto this year.

Also, when the next lockdown happens, do you think they will give out unemployment benefits and extend the eviction memorandum? just like they did last year?

or will they just say a big fuck you to the middle and low class and let them starve to death?

Its really hard for me to give advice on what to do because I'd feel bad if things did the opposite of what I say...

But I do think we are on the precipice of the biggest crash in crypto history. An unprecedented crash. A black swan event for crypto that has never happened before this badly.

Cryto has NEVER fallen below old alltime highs after making new alltime highs. I'm saying... it might just do that for the first time ever.

I've never been this bearish before and I'm basing my crypto bearishness on how scary the stock markets look.

Honestly crypto doesn't look... thaaaaat bad right now... it just looks wishy washy...

The stock market looks like it is bouncing on a pogo stick with a knife tip on the frozen Atlantic Ocean as spring is approaching. Seeing how high it can bounce in the air.

That's how scary the stock market looks to me.

Crypto... just looks... meh. Analyzing the crypto charts... nothing tells me we will crash that much. But... BUT... if the stock market does this mega crash? Cryto does too. Everything else does.

I'm scared for good reason.

Yes. Lower lows. It was 18k in March 2020.

If the crash happens in September, i expect approximately 15,000$.

If it takes until March? 13,800$.

Its hard to say.

I think they might do it again because I think they're going to play this pop goes the weasel game another time with another lockdown in a few years. They might just let it come up really slowly this time. They might just say a big F YOU to everyone.

My target for the next major stock market meltdown is in year 2030.

Agenda 2030?

I'm basing it on the 2000-2009 stock market recession they blamed on 9/11.

Basically year 2020/2021 is the repeat of the 2000/2001 crisis.

Basically 2030 is the repeat of the 2009 crisis.

After 2030 the stock market(the u.s. dollar) is good for a decade or longer.

My theory is this is what agenda 2030 is all about.

Mapping out the 2000-2009 financial crises over 2021-2030... it fits. It matches market support structures. I really think this is it.