berightandsittight

berightandsittight

The backdrop is my prediction of a 2008-style crash, with Bitcoin (BTC) dropping to $26k (see related ideas). During the crash, I’ll aim to capitalize on short-term moves, targeting clear patterns with high reward-to-risk ratios. Following a prolonged consolidation—resembling a triangle—an impulsive wave down has begun to form. I now expect the 200-hour moving...

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Since 2022, Bitcoin has surged in a major bull market, hitting the psychological $100k milestone. However, a triple divergence on the weekly RSI signals an overbought market, pointing to an imminent pullback. The recent peak likely marked the end of Wave (3). Given that Wave (2) was an expanding flat (verifiable on lower timeframes), Wave (4) should bring a...

berightandsittight

Today, I posted predictions that Bitcoin (BTC) will crash to $26k and the S&P 500 (SPX) will retest COVID lows (see related ideas). Yet, I firmly believe that post-crash, Bitcoin will soar to $1 million per coin—an inevitable outcome that could unfold rapidly, perhaps within one or two years. Consider this: Bitcoin is no longer a fringe, unproven technology. It’s...

berightandsittight

Intel has underperformed recently, trapped in a bear market since 2019 while broader equities soared. Since 2000, shareholders have seen no gains—even with dividends included—leaving long-term investors increasingly frustrated. A market-wide 2008-style crash (see related ideas) could push Intel toward total collapse. The business is struggling too. Intel missed...

berightandsittight

Tesla’s market cap now surpasses the combined market cap of all major automobile producers. Elon Musk is undeniably a genius, yet this staggering valuation owes much to a robust bull market and post-COVID hype. If Tesla were valued using the same earnings and revenue multiples as the average automaker, its stock price would hover between $15 and $20 per share. ...

berightandsittight

I believe we are witnessing the early stages of a 2008-style crash, though this one will unfold more swiftly and catch many by surprise. The crash will likely test the COVID-era lows, and once the panic subsides, a recovery toward new highs will follow. FUNDAMENTAL REASONS After the COVID-crash recovery, the market became significantly overbought, and a...