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

 
Anonymous Coward (OP)
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12/12/2022 03:45 AM
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Re: Crypto bottoms when we have our next "world event" similar to covid pandemic
Last 3 pictures i think i will show you nemo.

_____

#1 - daily candleclose trendline on the regular price chart (not logarithmic) dating back from 2018. This is a huuuuuge trendline support. And it's exactly 8500$ on jan 13th 2023

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

_____

#2 - downsloping logarithmic channel on the 4 hour candleclose chart. 8500$ is the bottom of the channel on jan 13th 2023.

You can see the december 2018 bear market fractal i think price will make. I really really want to see that falling wedge at the bottom.
[imgur] [link to imgur.com (secure)]


_____

#3 - 1.618 logarithmic fib extension from 69k to 17.5k (using the daily candle closes). Projects to 8500$
[imgur] [link to imgur.com (secure)]



~~~~
~~~~
~~~~
~~~~

I am incredibly sold on 8500$ on jan 13th 2023 right now. There's a downsloping channel support. There's an upsloping daily candleclose trendline from 2018 support. There's a 1.618 log fib extension (Phi).
nemo_solus

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12/13/2022 09:35 PM

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Re: Crypto bottoms when we have our next "world event" similar to covid pandemic
Thanks Cheese!

We'll just have to wait, watch and see what happens.

https://imgur.com/a/somGTcf


The first thing I'm interested to observe as confirmation of this TA is a drop down into the $12k range and how price tests the volume support there (gray bar zone), then how the market chews through the rest of the volume support down to the Point of Control (~$9500).

I could see it dipping below that for sure, but am sort of expecting the market to be fairly well exhausted by then, maybe only briefly making a trip to the $8-9k range.

It could take a while yet for all this to play out.

Have been following the recent news of the Binance troubles with interest as a failure there could certainly cause the price action necessary for such a drop.

Last Edited by nemo_solus on 12/13/2022 09:37 PM
Bleached1111

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12/13/2022 10:12 PM

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Re: Crypto bottoms when we have our next "world event" similar to covid pandemic
I believe you.

It totally makes sense, because mid January is about the time Mars is no longer Retrograde.

I've been waiting to get back into Bitcoin, and hopefully I can catch it at the bottom.
Anonymous Coward (OP)
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12/14/2022 12:58 AM
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Re: Crypto bottoms when we have our next "world event" similar to covid pandemic
Thought i wouldnt have anything else to show but i found another thing confirming 8500/8600 as an extremely interesting price.

The cumulative moving average. This is the moving average of every day in bitcoin's existence on the all time bitcoin price chart. The cumulative moving average is currently at 8583$.

Look at the left arrow back in 2015. That bottom on the cumulative moving average was on january 13th. I didn't even know that i was anticipating a repeat of that 2015 event (a bottom on the same alltime moving average on the same day, jan 13th).

I'm telling you guys, the 13th of the month is the day area where bitcoin bottoms. It bottomed on the 12th in december 2018. It bottomed on the 13th in march 2020. That's when financial markets bottom.

[imgur] [link to imgur.com (secure)]
Anonymous Coward (OP)
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12/14/2022 01:02 AM
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Re: Crypto bottoms when we have our next "world event" similar to covid pandemic
For laughs, i copy/pasted the 2015 price on top of current price...

in this picture i'm anticipating a bounce off of 8500 area again in july/august of 2023 and then the bullrun starts.

December 2025 is when bitcoin tops next bullrun if it plays out like this. I don't think this price prediction of 1 million dollars per bitcoin is correct but I do believe crypto tops in mid december 2025 at the moment.



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

For the love of God, sell your fucking crypto in mid december 2025 because that is the next top of the next bullrun. It WILL crash 85/90% from whatever price it is in, during mid december 2025.
Anonymous Coward (OP)
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12/14/2022 01:32 AM
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Re: Crypto bottoms when we have our next "world event" similar to covid pandemic
okay i lied one more reason that 8500/8600 will be the bottom. repeating fib brackets from 2015 to 2022 bull markets. the fib bracket says we come down to 8500 also.

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

if this actually does happen it will be 8500 for probably ten minutes. We have a month to get there.
Anonymous Coward
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12/14/2022 01:38 AM
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Re: Crypto bottoms when we have our next "world event" similar to covid pandemic
okay i lied one more reason that 8500/8600 will be the bottom. repeating fib brackets from 2015 to 2022 bull markets. the fib bracket says we come down to 8500 also.

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

if this actually does happen it will be 8500 for probably ten minutes. We have a month to get there.
 Quoting: Mr Cheese


[link to broward.ghost.io (secure)]

visual depiction and description of miners failing.

.

.
Anonymous Coward
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12/14/2022 01:45 AM
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Re: Crypto bottoms when we have our next "world event" similar to covid pandemic
Nah the next bottom is zero they’re crashing everything to the bottom to bring in the mob and digital currency
Anonymous Coward (OP)
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12/14/2022 01:53 AM
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Re: Crypto bottoms when we have our next "world event" similar to covid pandemic
Nah the next bottom is zero they’re crashing everything to the bottom to bring in the mob and digital currency
 Quoting: Anonymous Coward 80569434


I do believe you are correct that this will happen eventually. I just think the bitcoin-tulips mania will have at least one more bullrun.

After 2025? I wouldn't be surprised to see it go to nearly zero.

The great depression bottomed in 1932. It topped in 1929. I wouldn't be surprised to see us follow a similar timeline. We might actually have two more bullruns before it goes to zero (or nearly to zero).

Remember agenda 2030 is an important date. 2030 is important and not for the reasons they scare us about. It's important for the financial world peaking and/or bottoming.
Anonymous Coward
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12/14/2022 02:05 AM
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Re: Crypto bottoms when we have our next "world event" similar to covid pandemic
Nah the next bottom is zero they’re crashing everything to the bottom to bring in the mob and digital currency
 Quoting: Anonymous Coward 80569434


I do believe you are correct that this will happen eventually. I just think the bitcoin-tulips mania will have at least one more bullrun.

After 2025? I wouldn't be surprised to see it go to nearly zero.

The great depression bottomed in 1932. It topped in 1929. I wouldn't be surprised to see us follow a similar timeline. We might actually have two more bullruns before it goes to zero (or nearly to zero).

Remember agenda 2030 is an important date. 2030 is important and not for the reasons they scare us about. It's important for the financial world peaking and/or bottoming.
 Quoting: Mr Cheese


Great Depression was actually in place for many people
in the 1920s, the 1929 was stock market and it did
bottomed in 1932 but crashed again in 1937.

.
Anonymous Coward
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12/14/2022 03:05 AM
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Re: Crypto bottoms when we have our next "world event" similar to covid pandemic
What happened to ur utube channel Mr cheese
If u didn't get r8d of it post a l8nk pls I l9st it
Anonymous Coward (OP)
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12/14/2022 03:09 AM
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Re: Crypto bottoms when we have our next "world event" similar to covid pandemic
What happened to ur utube channel Mr cheese
If u didn't get r8d of it post a l8nk pls I l9st it
 Quoting: Anonymous Coward 82759877


i deleted it. i couldnt support yootoob as a company any longer and felt dirty using it. this forum is the only place i currently exist on the internet.
Anonymous Coward
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12/14/2022 03:15 AM
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Re: 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.
 Quoting: Mr Cheese

The FAIL is strong
 Quoting: Anonymous Coward 77082372


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


If i am right, they will start "OMG PEOPLE IZ DYING" stuff all over the media over the coming weeks. Exactly like they did in the month leading up to March 13th, 2020. States will begin mask mandates. Shitty states like michigan and oregon will lock down first. Then new york. Then california. Then all the idiot states will follow suit. Then we'll get the big plandemic 2.0 declaration by the WHO around january 13th.

In my opinion, we will repeat all of that nonsense.

Maybe even some bullshit hysteria out of china of them picking up dead bodies again. Maybe planes shut down. Maybe borders closed. Maybe transportation lockdowns.

But again... i'm a conspiracy theorist.
 Quoting: Mr Cheese

Ur right but it won't be a pandemic lockdown it will be a military lockdown and a redo election the mil will come out with the truth about the w3f trying to takeover and 5he dollar will die
Anonymous Coward
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12/14/2022 03:16 AM
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Re: Crypto bottoms when we have our next "world event" similar to covid pandemic
What happened to ur utube channel Mr cheese
If u didn't get r8d of it post a l8nk pls I l9st it
 Quoting: Anonymous Coward 82759877


i deleted it. i couldnt support yootoob as a company any longer and felt dirty using it. this forum is the only place i currently exist on the internet.
 Quoting: Mr Cheese

Well if u ever make a rumble leave the link
Pls
Anonymous Coward (OP)
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12/14/2022 06:00 AM
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Re: Crypto bottoms when we have our next "world event" similar to covid pandemic
BTW, Nemo, still 100% locked in for ethereum at 500$ as it's bottom. I know i've been focusing on bitcoin a lot lately but ethereum is just as important. To be honest i'm still a lot more confident that ethereum hits 500$ as it's bottom than i am with my bitcoin target. Just wanted to refresh everyone's mind that 500$ is my eth target and when ethereum is at 500$, then everything is bottoming.

Regardless of it all... we need to see the falling wedge.

Also starting to think that things might bottom one week later than I initially thought. Thinking it might be January 20th now.

According to my ethereum timeline... we'll see 1000$ ethereum on december 21st. We'll start the final crash basically on christmas day. If we see that go down then i am locked in for the 500$ bottom in mid january.

When we see ethereum at 500$ is when you buy whatever shitty altcoins you guys like. I'd recommend you wait for me to tell you it's bottomed though. I will definitely update my thread as we are crashing (if we crash).


(When ethereum is at 500$, EVERYTHING bottoms. That is why this is important.)
nemo_solus

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12/14/2022 07:37 AM

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Re: Crypto bottoms when we have our next "world event" similar to covid pandemic
Completely agree with not forgetting about ETH.

Have been mostly sitting out of any trades for a good while now, but have a small amount of short ETH as it has more room to correct than BTC, but ETH isn't the only one. There are a few other Alts that are also worth looking at being short in if you have conviction of a much lower market to come.
Anonymous Coward
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12/14/2022 10:31 PM
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Re: Crypto bottoms when we have our next "world event" similar to covid pandemic
from another board:

This isn't a discussion on whether crypto is dead, or being implemented...just pointing out the fact that the price movement the last 3 days is not normal. NEVER have I seen BTC, or any other crypto, move in whole dollar amounts only...skipping over anything fractional.

Something is about to happen, and I believe this current rally is a "longs hunter" before it crashes back down hard. 100% fake price movement happening right now.
Anonymous Coward (OP)
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12/15/2022 11:30 PM
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Re: Crypto bottoms when we have our next "world event" similar to covid pandemic
.
Anonymous Coward
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12/16/2022 04:57 AM
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Re: Crypto bottoms when we have our next "world event" similar to covid pandemic
Nemo, this is it. Everyone this is it. Matic is what I encourage all of you to buy on this crash coming up. Matic at 53 cents.

In my opinion... matic very well may go from 53 cents to 50$. As in, 100X. One hundred times increase. And it might happen by july 4th 2023.

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

See the two white arrows on the left? The far left white arrow was old resistance. The right white arrow was a 786 retrace. It was a 786 retrace at old resistance. The two blue/purple triangles above the white arrow is a bullish cypher harmonic.

100% same shit happening on the right.

On january 13th-ish, if matic is at 53 cents? That is a bullish cypher. And look at the yellow arrows. The yellow arrow on the left is old resistance. The 786 is exactly at that old resistance.

This is 100% textbook, the best looking trade entry i've ever seen in my entire life. This is what I will be buying.
 Quoting: Mr Cheese


There are over 8 billion magic coins. Wouldn't 50 dollar be way too high for it to reach?
Anonymous Coward
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12/16/2022 04:57 AM
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Re: Crypto bottoms when we have our next "world event" similar to covid pandemic
Nemo, this is it. Everyone this is it. Matic is what I encourage all of you to buy on this crash coming up. Matic at 53 cents.

In my opinion... matic very well may go from 53 cents to 50$. As in, 100X. One hundred times increase. And it might happen by july 4th 2023.

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

See the two white arrows on the left? The far left white arrow was old resistance. The right white arrow was a 786 retrace. It was a 786 retrace at old resistance. The two blue/purple triangles above the white arrow is a bullish cypher harmonic.

100% same shit happening on the right.

On january 13th-ish, if matic is at 53 cents? That is a bullish cypher. And look at the yellow arrows. The yellow arrow on the left is old resistance. The 786 is exactly at that old resistance.

This is 100% textbook, the best looking trade entry i've ever seen in my entire life. This is what I will be buying.
 Quoting: Mr Cheese


There are over 8 billion magic coins. Wouldn't 50 dollar be way too high for it to reach?
 Quoting: Anonymous Coward 84887019


Matic *
Anonymous Coward
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12/16/2022 05:02 AM
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Re: Crypto bottoms when we have our next "world event" similar to covid pandemic
"Friday, January 13th, 2023. Bitcoin at 8,500$. Eth at 500$. In my opinion, lockdowns happen then."

This is another FAIL

Previously you said "first week December 2022, drop below $10,000" and it didn't happen.
Anonymous Coward (OP)
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12/16/2022 08:53 AM
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Re: Crypto bottoms when we have our next "world event" similar to covid pandemic
I'm pushing back my timelines. Just don't feel like crypto is going to bottom any time soon. I think it's going to be a lot longer and slower than any of us want it to be. At the moment I think bitcoin bottoms at 5800$ and I think that happens around july 2023. I thought it might be a july 2023 bottom for a few reasons I just got another reason to make me think it will happen then.

Expecting 10k area bitcoin by february of 2023. It will probably hold for a few months and you guys will get super bullish again and swear that this is a bullrun. 10k is not going to be the bottom. This is all temporary. They will wipe out all of the 10k buyers.

I still think we will have a major world event when crypto bottoms. Just don't know what it will be.

I'm not encouraging anyone to buy anything for at least 7 months at the moment. That means anything.

For the record I won't be buying matic. 53 cents will probably bounce up a little bit but i don't think it will be enough to be worth bothering with. Again, i'm probably staying out until july 2023 now.
Anonymous Coward (OP)
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12/16/2022 08:55 AM
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Re: Crypto bottoms when we have our next "world event" similar to covid pandemic
Bring on 10k bitcoin. Also bring on you guys swearing it's the bottom. It'll hold for many months and you all will swear this is it this time. This is finally the bottom!!!

It's not.

I'd encourage you to just be patient and forget about crypto for a while. I know you won't but that's what i'm doing.

It's not going to be bullish until you all give up. It needs to go down so low that you all swear it's over and that it's fucking stupid to buy crypto.

I'm thinking that will be 5800$ bitcoin, at least right now. And again, i think july 2023.
Anonymous Coward (OP)
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12/16/2022 08:59 AM
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Re: Crypto bottoms when we have our next "world event" similar to covid pandemic
"Friday, January 13th, 2023. Bitcoin at 8,500$. Eth at 500$. In my opinion, lockdowns happen then."

This is another FAIL

Previously you said "first week December 2022, drop below $10,000" and it didn't happen.
 Quoting: Anonymous Coward 78131086


Didn't happen yet. 10k will happen. Market looks like dogshit. 10k will hold several times but it will eventually fail also.

Technical analysis is good for knowing "it's likely to go up" or "it's likely to go down." Knowing how far is the hard part. Knowing when is even harder. Most people don't recommend saying when something will happen because the "when" is so incredibly difficult to identify.

Anyways, yeah I was wrong about that timeframe. And that is why i'm reassessing everything. If it were to bottom any time soon, it would have had to have gone down a lot more by now. The fact that we haven't had a major crash yet has caused me to consider that we are so incredibly far from when it will actually bottom.

It's causes me to think we are no where near the bottom both in time and in price.
Anonymous Coward (OP)
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12/16/2022 09:03 AM
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Re: Crypto bottoms when we have our next "world event" similar to covid pandemic
There are over 8 billion magic coins. Wouldn't 50 dollar be way too high for it to reach?
 Quoting: Anonymous Coward 84887019


i've since given up on this idea. I expect everything to go down a lot for a long time again.

Again, i'm not going to be interested in crypto until i see people considering suicide over how low things got.

Things just look so bad across the board, i don't think anything is worth touching for 7 or 8 months. I think it's going to just get bad and worse and then even worse.

IMO, don't buy anything for a long time.
Anonymous Coward
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12/16/2022 09:21 AM
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Re: Crypto bottoms when we have our next "world event" similar to covid pandemic
There are over 8 billion magic coins. Wouldn't 50 dollar be way too high for it to reach?
 Quoting: Anonymous Coward 84887019


i've since given up on this idea. I expect everything to go down a lot for a long time again.

Again, i'm not going to be interested in crypto until i see people considering suicide over how low things got.

Things just look so bad across the board, i don't think anything is worth touching for 7 or 8 months. I think it's going to just get bad and worse and then even worse.

IMO, don't buy anything for a long time.
 Quoting: Mr Cheese


Are you short?
Anonymous Coward (OP)
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12/16/2022 09:44 AM
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Re: Crypto bottoms when we have our next "world event" similar to covid pandemic
There are over 8 billion magic coins. Wouldn't 50 dollar be way too high for it to reach?
 Quoting: Anonymous Coward 84887019


i've since given up on this idea. I expect everything to go down a lot for a long time again.

Again, i'm not going to be interested in crypto until i see people considering suicide over how low things got.

Things just look so bad across the board, i don't think anything is worth touching for 7 or 8 months. I think it's going to just get bad and worse and then even worse.

IMO, don't buy anything for a long time.
 Quoting: Mr Cheese


Are you short?
 Quoting: Anonymous Coward 84887019


yes
Anonymous Coward
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12/16/2022 10:04 AM
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Re: Crypto bottoms when we have our next "world event" similar to covid pandemic
There are over 8 billion magic coins. Wouldn't 50 dollar be way too high for it to reach?
 Quoting: Anonymous Coward 84887019


i've since given up on this idea. I expect everything to go down a lot for a long time again.

Again, i'm not going to be interested in crypto until i see people considering suicide over how low things got.

Things just look so bad across the board, i don't think anything is worth touching for 7 or 8 months. I think it's going to just get bad and worse and then even worse.

IMO, don't buy anything for a long time.
 Quoting: Mr Cheese


Are you short?
 Quoting: Anonymous Coward 84887019


yes
 Quoting: Mr Cheese


Cool good luck, looking forward to cheaper prices
Anonymous Coward
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12/16/2022 10:24 AM
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Re: Crypto bottoms when we have our next "world event" similar to covid pandemic
There are over 8 billion magic coins. Wouldn't 50 dollar be way too high for it to reach?
 Quoting: Anonymous Coward 84887019


i've since given up on this idea. I expect everything to go down a lot for a long time again.

Again, i'm not going to be interested in crypto until i see people considering suicide over how low things got.

Things just look so bad across the board, i don't think anything is worth touching for 7 or 8 months. I think it's going to just get bad and worse and then even worse.

IMO, don't buy anything for a long time.
 Quoting: Mr Cheese


most miners are losing money at $18k. i seriously
doubt they can last another 7-8 months, especially
if price goes to $5-10k.

really high risk buy


.
nemo_solus

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12/17/2022 01:04 AM

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Re: Crypto bottoms when we have our next "world event" similar to covid pandemic
Howdy Cheese,

As you know, I've been tracking USDT and USDC to gauge how much "cash" is sitting out of or flowing into the market.

What I'm really watching the past few days is seeing what direction this flow breaks. It wouldn't surprise me to see it drop down some as we're at the upper limits of prior dominance levels, but if it starts to break up much higher it could be the start of the run down in prices we're anticipating.

https://imgur.com/a/9lVGr3D


Haven't been trading much of anything, still with the same shorts as before, although I did also add a small BNB short once the Binance FUD looked to be taking hold a few days ago. I'll likely exit once the sentiment looks to be changing back to them.

We're just in that boring stage of Crypto at the moment, so have been working on other interests (at the moment studying GPT3 and how it might be adapted to signal processing/prediction), so apologies if I have been slower than usual in reply.

Hope all has been well with you and everyone else here who is following the markets too!

Last Edited by nemo_solus on 12/17/2022 01:08 AM





GLP