Short

BITCOIN - Back To 20K

Updated

Bitcoin heading back to 20K just like I said all along, but here's the "macro wave 5" with complimentary fibs that isn't going to happen for a multitude of reasons that I'll delve into down the road, but not yet. Lets not ruin the moment when there are on-chain analysts ready for the next leg up. We'll save those technicals for a rainy day when BTC is en-route home. After all, plenty of institutions have bought Bitcoin, so we can all hang our hat on that right? Crypto is just beginning - right??

See you at 20K.

Not advice.

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Yaaaaaaaawwwn 🥱

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UT.

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Wyckoff top confirmed.

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3 weeks later and price is exactly where it was when I made this post. Can it wibble-wobble some more - sure of course it can, but in the end its going to find a lower low which inevitably will lead to 20K.

And its certainly a fascinating psychology. When will any of you get that "great fundamentals" don't make diddly squat difference to a crypto dingy out in the ocean. Some of you have entirely lost your mind - and a few of you are now blocked lol 😄.

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SOW in D.

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Its awfully quiet here... As I said really a fascinating psychology. So much loud mouth breeze talking "been trading crypto for years" etc etc, but as soon as price drops off a bit its shhhhhhh so quiet 🤫

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1.618 initial collapsing structure.

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For anymore whiners in the comments that want to go down the route "you're such a terrible trader, other traders making fortunes etc etc" - thats great and I hope their strategy works well for them, but most of them that post on TV will be looking to 100K or more.

And lets not forget whatever level of trader I am, - these are my charts, this is my learning path and I do have one. You are witnessing it with every thread. So even if I get them all wrong, imo thats still alot better than being a copy whiner.

But anyhow, for me I dont care much about this bounce, its been very risky for many different reasons, and ofc hindsight hodler/traders talk breeze and get 100% of every move, but the reality there was always a trap door, and the fact that BTC hasn't flushed yet has nothing to do with its supposed strength. If you are not aware of this it only means you're not aware of the chart at all really and therefore are not aware of risk.

As it says in my status - I'm only really interested in the bottom. Along the way I am making modest short term trades and attempting to short the top, but its all for my learning path really - 3.5 years in now and I just post what I do and some of it is experimental, not all of it works. But ultimately my strategy for now is value investing and for that you need a real crash, such as the crash I've been saying will come since March to 20K - and that could well turn out to be a line in the sand to judge a tsunami btw.

Anyhow if you think thats missing out - well take it up with Anton Kreil and all the other great value investors that probably spend a lot of their time enjoying their life and doing other things rather than furiously trying to snatch bumps from divots.

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The reality of TV currently is that there are very few real chartists here. And when I say "real" I dont mean pro, I just mean people with a passion for charting more than chest thumping. I get hardly any real charting comments on my pages and perhaps thats why I decided to make this page only in text. Its predominantly trolls and know-nothings that are really just here to make noise and pat themselves on the back. And this page is a perfect reflection of that.

See you at 20K.

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Btw did anyone see Fink's very brief post about moving to Twitter. TV is just not a great place for publishers that chart potential bearish trends. The ratio of budding chartist : "fundamentals" based hodl chest thumper is terrible.

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Top comment from reecepinnock1, on another bearish thread I posted thinks that you can't say LUNA will get decimated without considering "fundamentals" such as "Columbus 5" because excellent burn rate or whatever. And its the same in whichever alts I make bearish posts in; non-chartists saying "thou must consider fundamentals" - I've mostly stopped doing that now as I can't see any chartists there, only chest thumpers, but they all think Columbus or Plutus or whatever cringe upgrade name is the prime mover in all this...

But the reality is nothing could be further from the truth. When the real crash comes do you really think $ will stay in all these vapourware products that 99% of the world are entirely unaware of, or even that $ will flow from stock crashes into crypto? These are nothing more than fanciful pipe dreams based on nothing but hopium.

Even without influence of other markets I still think BTC sees the 20K area again. Its as simple as ABC (and handy oscillation, divergence etc). But ABC's can also lead to more ABC's and then DEFGHIJKLMNOPQRSTUVWXYZ... in the right climate. And thats where real bargains are found, but only for those that have done the work and have patience, not for BTFD'ers 😉.

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Just as the 1 dimensional bears are screaming collapse, I'll add here that there is a good chance BTC will bounce somewhere in this area and form either LPSY or UTAD, or it could just collapse. There is bullish divergence but it wont mean a think if SPX collapses further - BTC will follow.

Either way its back to 20K and I dont want to be long with any significant % until the real money returns. Thats just my choice of strategy. The real smart money is not buying here for the hodl. Oh no they're not.

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Btw before I get any more doughnut comments like one below "Yea you are now hedging your bets" yada yada. Charting - especially short term is about probability, but I've done my work and set a modest target. And lets be fair, most of the people that comment on my pages are not really learning TA. When was the last time someone commented that I am incorrect because of an aspect TA? It never happened - just 100% moonbois dumb money comments.

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Most people that negatively* comment on my pages.

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Thought I'd come back to this thread aa apparently no hodlers want to play on my recent thread.

So anyhow, this is a very interesting moment in time. It is the last time hodlers think that they are experts in BTC price action based on stock to flow. And I have a feeling he doesn't have a plan C. This will be a moment you'll look back on.

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🤫🤫🤫

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How is the "marinate" going ??

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In the not too distant future we'll be getting to the point in the cycle where people start questioning BTC utility, alt legitimacy etc. Crypto will be a BIG embarrassment again before it eventually bottoms.

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And "what on earth were we thinking buying / hodling all the way up there."

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Pretty funny coming back to this thread. So many genius chest thumpers there were but now there are none. 🤡

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Thanks to Burakb for digging up my threads - good for a laugh.

Top troll comment from reecepinnock1, and he was a massive LUNA fanboy. Can only wonder how he is marinating right now.

Anyhow will be having a sip of coffee as BTC arrives to 20K. I'm not saying that will be the bottom but it will definitely be time to be paying more attention.

Stay tuned.

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Pretty much at 20K guys. You're all welcome to drop by 👍. Having that sip of coffee now now btw 😄.

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Being a technical contrarian is... 😸

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