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

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Please share your thoughts regarding XRP.
Thanks.

my best advice is to wait for me to get hypey about bitcoin bottoming. when i say something like "it's very possible bitcoin has bottomed because it made a falling wedge and all types of bullish divergence type of stuff" maybe even "broke the falling wedge supply line bullishly" also...

that is the moment you buy whatever altcoin you like. when bitcoin bottoms is the moment that everything bottoms.

also, if i am saying it looks like it is bottoming and they announce a pandemic 2.0 or some other major world event? then that strongly adds believability that we have bottomed.

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altcoins are just so freaking hard to identify a bottom ahead of time. they don't follow the rules that bitcoin follows. they are all heavily manipulated. bitcoin is scammy but it's the least scammy of all the cryptos that exist. that's why it's the most important to track (and to buy your altcoins when bitcoin looks good. not when altcoins look good)

when it crashes (if it crashes) it will take 2-3 weeks to bottom so you don't have to worry about missing it. it will be very slow and the volatility will just grind to a halt before it goes up. so we can be super patient and let it do whatever it does.

patience, my man.

if this actually happens, I will 100% nail this to the wall on the exact day it bottoms.

15,600 was local bottom, and someone in GLP already said that was bottom. i hope they are wrong cause i’m sitting in cash, just waiting to pounce.

it probably won't go below 15k until mid/late february. if i am right, it's going to float in the 15k-17k range for a couple months to lull everyone to sleep.

i do believe that they are wrong about it being the bottom. stock market volatility just picked up (which almost always brings crashes). the last 6 times stock market picked up volatility, bitcoin has crashed. all 6 times. the fed just did whatever they did to rates which also almost always brings crashes.

it's not made a bullish harmonic.
it's not made a bullish pattern.
it broke a fairly good size trendline bearishly a couple days ago indicating it will trickle down the coming few days.
it has not had a major bearish impulse(bear market finale) which is how bitcoin likes to operate before bottoming.
price is also currently under 17.5k (that crash bottom we made in june 2022). being under that is not good. there is no way to say we are bullish while under that price level. no way at all. not even a little bit.

in my opinion, if it was the bottom then it is breaking the rules of t.a. by actually being the bottom. in my opinion, it's impossible for that to be the bottom.

temporary bottom, sure. permanent long term bottom? highly doubtful.

https://imgur.com/a/FxMkupF

XRP continues to move sideways since May 2022 after breaking through its Volume Weighted Average Price (VWAP - lime green line). It has also been supported by its Volume Profile Point of Control from 2017 (the red horizontal line). The Point of Control has been a very strong support, so any break below that would be a serious failure of XRP confidence.

The Gann Fan lines have been seen to interact with the XRP price (yellow circles) and if this trend continues, the price will be having to make a choice no later than around March 10, 2023 as the strong Point of Control support intersects with the Gann 4/1 line. A break down would most likely be supported by the prior fib low at 0.172$ and a break up would probably first meet some resistance at the VWAP but afterwards would have many possibilities (fib, Gann 8/1, etc...)

As the SEC v Ripple case has been weighing on the XRP price for quite some time, the fundamentals there or elsewhere may release a lot of pent up market energy (either way, up or down) independent of the general state of the Crypto markets.

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

This one just might get your conspiracy theory bells ringing. This is why I've been so bearish all year. I kind of forgot to look at it lately but pulled it up just now and yeah...

According to the S&P500... we are about to repeat the 9/11/2001 stock market crash on march 10-13th, 2023. If the S&P500 repeats 2001, it will drop to 3000 (currently at 3800). I love stock market crashes to happen around the 11th-13th of a month.

Perfect time for a world event, like i've been harping about for months.

I think that going forward I am going to keep my bottoming dates to this price chart. By the way again. This says we won't make our final real bottom until 2024. This chart is twice as bearish as I am.

the longer this goes on, the more sure I am that
bitcoin is dead. the miners MUST be losing $15-20
million every day. That's a very conservative
estimate based solely on energy costs. The EU
miners (roughly 15%) have to be getting hammered,
energy prices up 5x minimum.

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You do bring up a good point that the mining issue really does seem like it would have to reach a breaking point where something happens. Unfortunately i just don't have a clue what that breaking point is, or where it's at.

Basically i'm expecting a plandemic/lockdown market crash in march of 2023.

I'm also expecting the exact same thing to happen again in march of 2024.

Back to back (world event/crashes) in march of 2023 and then in March 2024. The 2024 crash will be the final bottom in my opinion.

At least that's what the markets tell me, based off of the S&P500 fractal from the 2001 financial crisis that we have been following to a T for the last year+.

Does this sound like the planned lockdowns that the WHO has for us to anyone else? Sounds exactly like it to me.

Sounds like Brandan Roneel has a wallet out there somewhere.

I've been looking into this recently. There are many sources of information, but the difficulty is determining what level of trust to put in the information source.

[link to en.macromicro.me (secure)]

This source suggests that the cost to mine is presently ~$19.8k.

A site that has a lot of information available, presented in multiple ways is this one:

[link to insights.braiins.com (secure)]

My basic understanding is that the profitability (or not) of the BTC mining is dependent on the input costs, primarily the cost of electricity and efficiency of the mining rig being used.

The survival of a given mining company has several factors aside from these as well, namely how much debt service they have, how many BTC they have in HODL and how they are positioned in term of expansion (or not) of facilities, miners and access to lower cost electricity.

A typical mining company report looks like this:

[link to bitfarms.com (secure)]

Here, it looks like they are very efficient and have low cost electricity with a break even cost to mine around $9400.

Having looked at several mining operations, my general sense is that overall they have between another 3-8 months of "burn" where they can continue to draw from their HODL stockpile before they have to capitulate (assuming no other input capital sources).

This also assumes that these BTC are not encumbered in any way (such as being locked up in the FTX and related companies bankruptcies) and are truthfully being reported by the mining company.

Last Edited by nemo_solus on 12/18/2022 01:06 PM

hey nemo just checking in. still am long term bearish as F but the vix volatility is dropping, indicating we may get an asset move to the upside. as a joke i put in a bitcoin long hoping for 23/24k. dont know if it will work out but just wanted to let you know what i'm doing.

i dont think this is going to make the final long term bottom until mid to late 2023 right now. everything feels like it's just happening way slower than anyone realizes.

anyways, i'll probably short 23/24k if it happens and just leave that short for the rest of the year. hopefully 23/24k happens next month some time.

still think we'll see 6,900$ as the bottom. It's just too funny to not be the bottom and it's exactly a 90% drop.
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If this actually happens then the mini-altcoin-altseason will probably happen in march 2023.

You updated your thoughts a year in the future?

i'm dumb and i don't date well

Why not create a Bitchute or Rumble account? Lots of folks here would appreciate it.
God bless, Merry Christmas and Happy New Year from one U.S. veteran to another!

Bitcoin is currently 16,800$. In my opinion, bitcoin is very possibly about to fly up to 28,800$ around mid january. i'd call it fairly likely at this point. But again, anything can happen.

in my opinion, all of you will get bullish as F when that happens. that is when I will short 28,800$ all the way down to 7k.

28.8k is a multitude of things. 28.8k is a bearish cypher harmonic. Harmonics are very rare but when they happen? They are powerful as F. 28.8k is the 382 retrace of the local high from march 29th 2022. 28.8k is the 236 retrace of the very top from 69k. 28.8k is the bottom of the crash we had two summers ago around june 2021.

so basically if you are holding bitcoin and if you actually see 28,800$ in mid january 2023? i would encourage you to sell everything and wait for a 75% crash to buy back in. 28.8k is your last chance to sell before it dumpster fires.

but you do you.

We are only making a temporary pop upwards (if we even do go up?). Don't get moonboy on me. We are in a bear market and this is going to last until october/november/december 2023 at the absolute earliest.

Starting to think 7,400$ is the exact bottom some time around october/november/december 2023.

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The entire forum of crypto tards are about to go crazy that the bullrun is back on.

It's not.

if it actually goes up over the coming weeks i will show the harmonic and what harmonics look like and i will make it obvious as fuck that 28.8k is the top and that it's about to crash like a motherfucker afterwards.

28.8k exactly.

yeah i suppose i could start a bitchute since we have an embed for it. i'll do a video for the bearish cypher harmonic that i think we are about to do up to 28.8k (if it actually goes up and looks like it's about to happen). I'll make a bitchute in a week when i get some free time. Videos take a lot of work.

If i am right? this is about to be the most beautiful pattern i've seen since the bearish gartley harmonic i posted here on march 29, 2022 at 48.2k last year where i said it would crash from 48k to 20-24k.

Harmonics are the key to knowing what markets are doing and in my opinion, we are about to create the most powerful one (or second most, depending how you feel about gartleys).

Gartleys and cyphers are the two most powerful and reliable. We're about to bearish cypher at 28.8k.

Anyways, it won't be at 28.8k for a month yet, so there's plenty of time for it to get up to 28.8k.

Just bought Dot, Chainlink and Tel.

btw nemo... if we actually do go up to 28.8k in jan/2023...? if that is exactly the top...? There's a very real chance that the bottom is 2,400$. Anyways, we have to get to 28.8k first. We have to make that top before 2,400$ becomes a possibility. I just wanted to throw it out there now that i think the bear market really might end at 2,400$.

If we do top at 28.8k i'll start to list the reasons why 2,400$ might actually be the bottom... i'm finding a lot of things that say it might be it. Kind of scary to look at, honestly.

I truly feel that the bear market won't end until everyone gives up. 2,400$ would make all of you give up. It won't make me give up. It will make me happy.

Anyways... yeah. We'll see how the next month goes before i go on and on about 2,400$. I just want you to know how scary this bear market "might" end. Right now it's just a theory. 28.8k as a top makes it a very very real possibility. At the point 28.8k happens, I will start to talk about the possibility of 2,400$.

At the moment, all i am sure of is that we bottom in the end of 2023. Also, i am 100% that we are nowhere near the bottom yet. I will 100% nail this bottom as it happens and i will keep you all updated of what i'm thinking.

With Japan's move in bonds we could see the dollar index drop all the way down to 90 in the next few weeks b4 it bounces. This would be bad inflation will rise but crypto 2ould most likely pump.
If dollar keeps losing strength fed would be forc3d to raise rates even as everything collapses . Crypto would prob short term rally till people realize the fed can't stop raising rates at 5%.

Some things interesting about october 13th 2023...

[link to www.wincalendar.com (secure)]

International Day for Disaster Reduction is on october 13th

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moon phases. the moon is in warning crescent in the days leading up to october 13th, 2023. On october 14th, 2023 the moon enters "New Moon"

A new moon? as in, a new mooning of assets, maybe? Bitcoin and crypto like to follow the moon cycles.

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[link to solarsystem.nasa.gov (secure)]

On Oct. 14, 2023, an annular solar eclipse will cross North, Central, and South America. Visible in parts of the United States, Mexico, and many countries in South and Central America, millions of people in the Western Hemisphere can experience this eclipse.

During an annular eclipse, it is never safe to look directly at the Sun without specialized eye protection designed for solar viewing. Review these safety guidelines to prepare for Oct. 14, 2023.

So there we go. There's our unique day. It might not be doom after all. It might just be crashing assets on the day we have the magical solar eclipse.

This is when i'm interested in crypto. Not 100% sure on the price(yet), but that's when I think it all bottoms.

i really wish i understood the stuff you just said as well as you do. that type of stuff really does impact everything just as much as the stuff i look at. going to have to make a note of learning about that a little more. thanks for your thoughts!