Nothing new. Just a simple straightforward reminder. Bitcoin will launch down.
My expected price action levels. Strong move from 26k to 22k~ Horizontal range of 18.5k : 22k~ Strong move from 18k to 13k~ Horizontal range 10-13k~ Final bottom (shake out) 6k-9k~ Huge Bull run to come..
Here's my clear look at the chart after removing the blurry details and adding the historical resistance and support into the bigger picture. 6-9k . Inevitable.
Bitcoin looks super bearish, with an ultimate target 5k-9k(mean 6.5k). Roughly in Nov 2023: March 2024.
I posted this price action prediction at 29.7k amod anticipation for higher highs. And it's playing out almost the exact price action pattern. You can see my past ideas for reference on this prediction and for my bigger outlook for bitcoin.
Short term fractal for bitcoin. And that's not the end of it
I've been highlighting that we're hitting the top in the period 20/4 : 6/5 2023. In my past ideas. And here it goes! As I always repeat.. a DEEP BOTTOM on the way. Take care.
I'll return to this single chart to see how it turns out. It's very simple yet the levels, the directions, the timing, the fundamental reasons for this chart is the result of months and days of studying and thinking of various variables.
The previous usdt chart is playing out so far. Very bearish for bitcoin. I still expect Bitcoin below 10k.
For context : read my ideas past ideas on the relation between BTC - eclipse and Elon musk. Notice how the -solar eclipse- was at 20-4 "Elon's fav number" 2/4/2023 :Before the eclipse Elon tweeted a picture of a rocket launching upside down the background was -day light / sunny- 30/4/2023 : Before the COMING Lunar eclipse around 4-6 may. Elon tweeted a picture...
Pretty much obvious. If this hold now as a true bottom-which it's doing for a while now- what do you think would come next?
I just have to share my sincere view, I think BNB is going for an unpleasant bottom. Fundamentally, I think a deep bottom for cypto markets is possible due to the USD liquidity problem, it might affect crypto just like the banks have been affected. Afterall, exchanges ,like banks, also depend on USD. If you look at the USD supply M2 chart, you'll see a shart...
These are historical trend lines and support resistance levels. Historically a second rejection from the trend lind lead to a major drop 50:70% Failing to breakout here might indicate a repeat of history. Sharing thoughts.
This is a copied fractal of the 28k-69k move. Looks almost identical.
I'm looking to accumulate as much as I can sub 10k in the 6-9k range during the time period of Nov2023-March2024.
I've been observing Elon Musk's tweets. And now I plotted the tweets and noted the dates he hints to. It's fascinating! The first tweet just before the last bull run, he tweeted : "69 days after 4/20 again haha".(1) The following 4/20/2021 marks the first top and price falls shortly after. And guess what? Exactly , 69k COMES AFTER. Moreover, every 4/20 day...
Looks copy paste tbh. The Bull trap phase. Analyzed the chart in many ways and looked into fundamentals of the market, everything says we're heading down next.
I'm just sharing an observation of a possible correlation between Bitcoin and Solar/Lunar eclipse. There's usually 4 eclipses in a year 2 solar and 2 lunar. Date references to eclipse: 1-Solar Orange : total. Yellow : partial/annular. --- 2- Lunar White : total. Blue : partial/penumbral. ------------ Here are the assumed correlations: 1- Total Solar +...