Crypto bottoms when we have our next "world event" similar to covid pandemic

(Inserting the proof we bottom on friday the 13th, january 2023 on the top of the first post of this thread)

In my opinion, crypto bottoms on friday january 13th. This is when we lockdown. This is it.

March 13th, 2020 was the covid lockdown.
March 13th, 2020 was friday the 13th.

January 13, 2023 is friday the 13th.

I can tell we bottom this day because of XMR. Sweet sweet monero.

Signed sealed and delivered. This is when EVERYTHING happens. You all think i'm crazy. I'm not fucking crazy. Well I am. But not over this. I know this is coming and I will be A FUCKING LEGEND FOREVER when I call this motherfucking crypto bottom on the EXACT DAY it bottoms and the fucking lockdown that I know is coming.

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

Drink it in everyone. This is it.

2018 bear market on the left. The blue arrows make that downsloping channel. The 2018 bear market ended when monero hit the bottom of that channel.

2022 bear market is on the right. The yellow arrows make that downsloping channel. The 2022 bear market will end when monero is at the bottom of that channel.

Friday the 13th is at the bottom of that channel when monero hits the 786 retrace (log retrace).

This is it.




__________________________

Original first post below
__________________________

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.

______________________________


-We are weeks away from the bottom. As soon as the midterms are over, the politicians are going to pull the rug out from the markets. Some time in december looks right to me, at least right now.

-I think Ethereum will bottom in the 400-500$ area.
I think Bitcoin will bottom in the 10k area.

-The market bottoms on a SUNDAY. I just don't know which sunday. Yet.

_____________________________

I don't really care about ethereum or bitcoin so much, i'm going to buy other coins with higher upside potential. I'm just using bitcoin and ethereum as the indicator for when the market has bottomed.

That's the point of bitcoin and ethereum. To know when to buy other things with higher profit potential.

Bitch please





We already have a legend:
Thread: Bitcoin absolute bottom is 15,621

people need to start looking at other tech.
distributed ledger blockchains are a method of slavery.
No logs
No ledger
truly anonymous
interchangeable flexibility with other currencies.
High speed transactions.

Maybe something like cash?

people need to start looking at other tech.
distributed ledger blockchains are a method of slavery.
No logs
No ledger
truly anonymous
interchangeable flexibility with other currencies.
High speed transactions.

Maybe something like cash?

Ledger ttech is exactly 2hat we need for government
A small gov and It will be good for international trade
People use gold back3d currency

this guy has never been right

this guy has never been right

But yeah you're right, i've never been right

Something kind of cool for you Nemo. This is going to be something i look at before entering any trade ever again, i truly feel it is that powerful.

So this chart? It's complicated. It's a dual chart. Technically it is the VIX chart, with a comparison to bitcoin on coinbase (in a new pane). I drag the bitcoin pane to the top and minimize the VIX size. Blue line at the bottom is the vix and i dont really need the vix. I only want to compare bitcoin on coinbase to the VIX's macd. The only indicator i have on the screen is the logarithmic MACD. The circles are made on the logarithmic macd.

So check this picture out.

https://imgur.com/a/NLXSxND

7 circles on the screen since bitcoin topped at 69k. Each circle gets a verticle line and a number. Each circle is made right when the macd goes positive. VIX macd going positive is 100% correlated to bitcoin crashing. Every single time so far, 6 times in a row the vix MACD going positive made it crash.

Well it just went positive for the 7th time.

Think it will crash again? I sure do. I did before this, but after looking at this... yeah... crash is incoming. And soon.

(to explain this, VIX = stock market volatility. High volatility = crashing asset prices. So high volatility is captured by the macd going positive. VIX going up = bitcoin going down)

thanks OP/Nemo, keep us posted these are helpful for my analysis as well and much appreciated!

Your track record seems impressive to me.

What are YOU doing with YOUR money?

I'm not directly asking for advice but am just curious given your penchant for hitting your targets.

(Inserting the proof we bottom on friday the 13th, january 2023 on the top of the first post of this thread)

In my opinion, crypto bottoms on friday january 13th. This is when we lockdown. This is it.

March 13th, 2020 was the covid lockdown.
March 13th, 2020 was friday the 13th.

January 13, 2023 is friday the 13th.

I can tell we bottom this day because of XMR. Sweet sweet monero.

Signed sealed and delivered. This is when EVERYTHING happens. You all think i'm crazy. I'm not fucking crazy. Well I am. But not over this. I know this is coming and I will be A FUCKING LEGEND FOREVER when I call this motherfucking crypto bottom on the EXACT DAY it bottoms and the fucking lockdown that I know is coming.

The FAIL is strong

You realize they are pushing a triple-demic right now... right? You realize they are setting the stage for this... right?

One last thing nemo. A very very basic trendline on the logarithmic scale. The circle is friday the 13th at 6500$. I superimposed the covid crash on top of price in blue, you can just barely see it on the screen. An interesting thing is that on the logarithmic chart? The exact crash % of the covid crash would bring us exactly from current price to exactly 6500$.

So intersection of two 1.618 fib extensions and also this downsloping trendline. All on friday the 13th. And it's the exact same percentage drop down to 6500 as the covid crash was from 10.5k down to 4k or whatever.

Definitely still speculation but this is what i think is happening. Time will tell if i'm wrong or not, i reckon.

Fundamentally, BTC is backed by the cost of energy to secure the network. So if there were an advance in technology to reduce the cost of energy, the price of BTC should have an offsetting decrease at some point, I would think.

https://twitter.com/_/status/1602018356420349952

It is only a rumor at this point, and if true certainly not something immediately going to be commercialized, but I wonder what sort of impact the knowledge of future availability of fusion energy will have on BTC price in the short term?

there's no relationship of price to energy cost, that
should be obvious as miners have been losing money
for eight months now.

they just started to drop out en mass in November.

Confirmation time should rise as capacity falls, Im
fairly sure it has but the daily variation is too
high to be sure yet. Any extended drop to 6500
puts the miners out of business, many must be
desperate right now.

There should be asymmetric network traffic as high
cost countries drop out, creating congestion and
higher cross traffic. systemic failures dont give
you much warning.

there's no relationship of price to energy cost, that
should be obvious as miners have been losing money
for eight months now.

they just started to drop out en mass in November.

Confirmation time should rise as capacity falls, Im
fairly sure it has but the daily variation is too
high to be sure yet. Any extended drop to 6500
puts the miners out of business, many must be
desperate right now.

There should be asymmetric network traffic as high
cost countries drop out, creating congestion and
higher cross traffic. systemic failures dont give
you much warning.

how long does it stay at 7k?

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

That's interesting ...

My pros and cons on the $6500 idea are:

Pro - the price has tested that level many times before, so it would be a natural floor.

Con - The volume in between the $9500 zone and the $6500 floor is huge and solid all the way down. That would be a lot of resistance to overcome.