Is the Top in or are we going to 100K
Updated
HI Peeps,
I only post when there is something relevant to post and i believe that finding the top is the most relevant topic of discussion right now.
As all of you know i dont believe our bottom is in due to the FTX black swan event pushed our B correction down into a extended flat, this is what has confused most people, that bottom is what i believe is the B wave and what we have witnessed for the past 2 months is the C wave. I do think the top is in and we are now heading for the bottom of the C wave. Now the question is will it go to 12k or 10k?
Please understand that i would love for this to be all over and sit back and watch the bull run unfold for the next 3 years but there are way to many things that suggest otherwise.
Macro economics suggest turmoil, fear and panic that doesn't instil confidence in anyone that was previously sceptical of this volatile market to suddenly move all their money to the crypto space. The collapse of the fiat currency is coming and everything will be affected.
The US and the world used covid to drive the economy into the ground, spending trillions on vaccines and further stimulus cheques that have kicked up debt that no government can with stand thus pushing inflation through the roof. It's all planned to introduce a new shiny tool called Digital Bank Currencies. This will ultimately control everything, initially they will incentivise and even give people money to show good faith but once they start programming what you can spend these on will the penny drop for many, imagine only being able to purchase meat once a week or using your car 2x a week because they restrict your currency from purchasing more than a certain amount?
They have to break everything in order to fix it, you cant introduce new governance if its not broken, welcome to the new world order.
Back to BTC
The USA own 1 Billion of BTC and have been moving it around, could this be the play that they have wanted, we know that 85% of the volume that is behind this C wave is from wallets that hold 1000-10000BTC and if they sell and the USA sells well then we are at 12k-10k levels.
This is a moment in history that you, me and our families could take advantage of and never worry about money again, buy into the bottom and only transact and support companies that accept crypto and relinquish the hand cuffs put on us by money that is made from air!
I hope you Enjoy my Chart, you will see that i have depicted a short trade in the corner, make sure you use a stop loss in case these whales have not had enough yet.
Till next time, God bless and get rich
I only post when there is something relevant to post and i believe that finding the top is the most relevant topic of discussion right now.
As all of you know i dont believe our bottom is in due to the FTX black swan event pushed our B correction down into a extended flat, this is what has confused most people, that bottom is what i believe is the B wave and what we have witnessed for the past 2 months is the C wave. I do think the top is in and we are now heading for the bottom of the C wave. Now the question is will it go to 12k or 10k?
Please understand that i would love for this to be all over and sit back and watch the bull run unfold for the next 3 years but there are way to many things that suggest otherwise.
Macro economics suggest turmoil, fear and panic that doesn't instil confidence in anyone that was previously sceptical of this volatile market to suddenly move all their money to the crypto space. The collapse of the fiat currency is coming and everything will be affected.
The US and the world used covid to drive the economy into the ground, spending trillions on vaccines and further stimulus cheques that have kicked up debt that no government can with stand thus pushing inflation through the roof. It's all planned to introduce a new shiny tool called Digital Bank Currencies. This will ultimately control everything, initially they will incentivise and even give people money to show good faith but once they start programming what you can spend these on will the penny drop for many, imagine only being able to purchase meat once a week or using your car 2x a week because they restrict your currency from purchasing more than a certain amount?
They have to break everything in order to fix it, you cant introduce new governance if its not broken, welcome to the new world order.
Back to BTC
The USA own 1 Billion of BTC and have been moving it around, could this be the play that they have wanted, we know that 85% of the volume that is behind this C wave is from wallets that hold 1000-10000BTC and if they sell and the USA sells well then we are at 12k-10k levels.
This is a moment in history that you, me and our families could take advantage of and never worry about money again, buy into the bottom and only transact and support companies that accept crypto and relinquish the hand cuffs put on us by money that is made from air!
I hope you Enjoy my Chart, you will see that i have depicted a short trade in the corner, make sure you use a stop loss in case these whales have not had enough yet.
Till next time, God bless and get rich
Note
One thing i failed to mention was that the collapse of these banks is Due to the USA wanting to become the stablecoin of choice moving Forward. If they take out their competitors and lose the petro dollar then they will stand to make trillions as the stable coin that forces us to use
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