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

Hrm, interested to sub to you on TV if you have done any of that. :) You can DM that if you wish. Not trying to out you in any way. Genuinely interested.

Last Edited by LunaticCC on 08/01/2021 10:21 PM

I did say I shorted ethereum at 2650$ hoping for like a 70% drop or more to happen. Not saying it will because no one knows everything... but I think it's at least a decent chance to drop a lot soon.

I think I’m gonna hold. Lol

I have this weird feeling that when it comes back on, everyone will be to late and the prices will skyrocket.

But, it’s also my gut telling me this is the bull trap. We’re at the top, it’s WAY WAY DOWN FROM HERE.

I’m struggling. Lol

Any of you follow Teeka Tiwari? He's been calling for the "super halving of ETH" in July for a few months now. The only reason I'm still holding my tad bit of ETH.

Nah. But he means 2.0 they testing. Billions are secured. If it’s fast, it will be the chain of the future. SC’s are SO AMAZING!

Lol

Did you sell all your assets?

Planning to cash out most stocks this week.

Well shit.

I am still mining and hodling. Earning just over $240/day right now.

My LT port is about 60% cash right now. I did play my lotto on AMZN earnings and cashed out my 3500P on Friday.

My options acct is 95% cash. I have some leaps I am holding right now and that is it.

I will be cashing more out tomorrow on the LT Port.

Excellent.

Yeah I'm with you...

I could tell something was up with the stagnation and the huge swings. Great for traders but I was going on with the investment mentality. I still will if it crashes down again.

That's why I think I'll take my "loss" by moving my investments into usd until it all stabilizes again.

Might be a while!

I'm rather excited for the big crypto crash! A BIG opportunity!

This is whats happening now!

I'm SERIOUSLY considering selling all of my stock (mutual funds) today at close of business.

I don't have a huge amount of money in there... couple hundred grand... but I want to keep it all and not have half of it gone literally over night.

We may have another couple weeks or even months of gains, but when the lockdowns come (and they are coming)... well, remember last time? Only this time the market may not recover.

Let's face it, the DOW and NAS are extremely over priced right now. DOW should be about 22, not 35. Market correction is coming. Can you afford to lose 40% of everything you have invested? I can't.

Very wise for you to short sell now!

Couple hundred grand? That's a huge amount of money! Who you kidding?

I know what you mean but you could be completely set with preps right now with less than half of that money! What good will that money do when the real economic instability hits? There won't be much liquidity in anything soon, why wait?

I'm not telling you what to do but I think you already know. You sound wise with money and are far ahead of most.

I sold all my stocks 30 minutes ago. Did I do the right thing? For me, yes.

Granted, I may lose some short-term gains, but at least I'm not watching the stinkin' market
every day now wondering. Some of it was Apple I bought at $97 several years back, so I can't complain.

There won't be a lot of warning when the meltdown comes. And nothing may happen, but the Morgan Stanley
broker said they know a correction is coming, just not when.

[imgur] [link to imgur.com]

The dow Jones index.

More similarities between right now and the week before the March 2020 covid crash started.

This is just price action. No indicators. No divergences. I promise the bearish divergences ARE there too in similar magnitudes on multiple timeframes.

This is the weekly line chart. The weekly line chart removes a lot of noise and let's you see a smoother picture.

Tell me this isn't frighteningly similar.

If the crash does start this week... and if it takes the same amount of time as the last crash... (two BIG ifs)

we're 5 weeks away from the bottom (and the lockdown). Approximately on 9/11. Like I theorized several times already in a prior thread. A big beautiful 9/11 freedom day lockdown.

something odd I will add...

Around March 15th 2020... there were a LOT of "33 cases of covid" popping up in states around the U.S. I researched and found 7 or 8 states to say that exactly 33 cases total in either March 15th, 16th or 17th.

Markets bottomed March 15th-17th. We covid lockdowned here too.

I found that peculiar.

33 being the freemasonry number of course.

Do you think we'll see 33's popping up when this crash finishes? Do you think its just freemasonry code to buy assets at the bottom?

Afterall... it's a big club... and we ain't in it.

it’s a good theory and one I’ll keep my 3rd eye open for

Last Edited by Digital Buddha on 08/02/2021 07:44 PM

Being in cash is a good option to re-buy in at lower levels, but I'm also wondering what thoughts we might have on what to trade on the way down?

Here's a few ideas I've seen in other threads:

UVXY ProShares Trust Ultra VIX Short Term Futures ETF
VXX iPath Series B S&P 500 VIX Short-Term Futures ETN
DRIP Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares
SCO ProShares UltraShort Bloomberg Crude Oil
BNKD MicroSectors U.S. Big Banks Index -3X Inverse Leveraged
SOXS Direxion Daily Semiconductor Bear 3x Shares
SQQQ ProShares UltraPro Short QQQ

Here's an interesting way to look at bitcoin (and the rest of crypto).

[imgur] [link to imgur.com (secure)]

I am saying that bitcoin is repeating the 2019 bitcoin pattern and we are about 2 months away(ish) from this covid lockdown #2 crash. Crypto is annihilated. The stock market is annihilated. Everything is annihilated.

I do think that this is the best chart I have made and it is the simplest.

I'm glad I finally have a lense to look at bitcoin that shows it extremely dangerously bearishly and not just the stock market. I'm back to full doom. No telling how bad this could get if it's a covid 2 lockdown crash coming up.

I swear to you all doom approaches. This chart says bitcoin might come up to 47/48k or so before it begins the full on doom crash. (i could see maybe as high as 55k... but im not convinced it goes that high)

A bitcoin short of a lifetime is coming. There's no telling how bad this crash will be.

From 47k...

down to...

20k?(lol, it's going way lower than this)
15k? I could see it.
12.5k? (plausibly possible)
10k? (lots of buyers will be here)
8k? (this would flush those 10k buyers)
3k? (this is as low as it can go if the bears want to inflict maximum pain)

I have no idea which support above will bounce bitcoin once this crash starts in about 4 weeks.

For the record, this chart forecasts the lockdown and financial crash exactly around the time the eviction thing from the cdc expires. Last week of September/ first week of October.

Thanks for posting the chart.

Just curious, could someone say that could be an ascending triangle with possible upward breakout? (I really have no idea what I'm talking about)

I could see it as an ascending triangle if it had multiple touches on the top of the triangle before going through. The bottom qualifies but the top doesn't in my opinion

for the record I am thinking 15k might actually be the bounce spot due to the 200 weekly moving average being there. It matches another major trend line too.

I'm hoping it only falls to 15k.

Right now I'm thinking our covid lockdown #2 (and accompanying stock market/crypto market crashes) will be in October, somewhere between the 5th and the 20th.

Bitcoin looks like it will bottom around 16,200$ to me right now.

I think bitcoin can and probably will run up to 50,000$ in the next month before crashing to 16k.

After this 16k crash I do think that it is possible to repeat the march 2020 bullrun and could quite possibly go up to 200,000$ or maybe 300,000$ by December 2022.

Hyper inflation, away!

We'll see if the government money prints their way out of this crash like the last one.

(At least I stopped saying 8,000$ right?)

I'm looking for a very specific pattern to emerge to confirm if I'm right or wrong. The pattern will take 3-4 weeks to show itself. So basically, I won't have anything to add for a few weeks.

For the record, I believe this is why the eviction thing was pushed back to October 3rd by the cdc or whoever.

The powers that be want everything to happen at once for peak hysteria.

We might get some blm riots out of this too... (blm riots happened a month or two after covid lockdown#1).

Blm could very easily be painted as the victims again here... (you threw us out of our houses!!! Blah blah blah)

I think October is going to be bananas.

The real dark winter...

Ethereum is at 2920$ right now. I think you'll see 1500$ ethereum with a month or two (maybe even 1100$ ethereum). I'm expecting this crash to end around the first week of october (when eviction moratorium expires).

I have two different ideas for how this bear market will play out... a violent one or a slow bleed one. I'm leaning towards the slow bleed model at the moment. I'm willing to change my mind if the market wants to suggest that it will go nuclear bad.

Crypto looks like it's is running out of steam to me. Lots of bearish divergences happening on multiple coins on multiple timeframes. 1100$ eth signals to me that this is the bear market.

After 1100$ ethereum it should run up to 2500-2900$ one last time...

Before it drops to as low as 300$ eth this winter/next spring.

Anyways. Its a good time to take a chance and sell your crypto and see if 1100$ eth might happen. I do believe it will. If eth falls to 1100$ everything else falls too... the coins are all connected.

Good luck hodlers.

Bump to catch the hate of holders everywhere.