I cleaned up the Fibonacci ellipses to make them easier to visual, so you can clearly see they have been predicting every top.
Also go read the massive number of updates to my prior idea, Could Bitcoin crash to
13K now?
Based on the preferred variant (c.f. chart below) of my prior idea, Bitcoin’s Entire Fractal Cycle History Decoded! Wow!, the measured move timing was for the major top in December. Apparently $69k was the second peak for 2013 scenario in some respects. But not entirely. Instead the sharp pullback right before the launch to the major second peak in 2013 is repeating now but it will be much more severe because the fractal structure is such that the major peak for the entire fractal history of Bitcoin is December 2021!
But the Fibonacci ellipses are telling us there will be another massive move up to ~$400k after a crash to posited ~$13k.
Also we see that this crash underway is being caused by intentional manipulation of the exchanges. This all leads me to believe if my prediction comes true then this is the final moves before my long-standing, posited ANYONECANSPEND attack where the non-legacy BTC will be donated to the legacy Bitcoin miners which will force the impostor (what everyone erroneously thinks is the official) Bitcoin (aka Core or Blockstream or SegWit/Taproot) to hard fork off raising a free airdrop income taxable event perhaps at the posited $400k level, because I assume the current crash underway is not yet the donations attack although it could be.
I could be overreacting. We will see what transpires. Good luck.
Also go read the massive number of updates to my prior idea, Could Bitcoin crash to
13K now?Based on the preferred variant (c.f. chart below) of my prior idea, Bitcoin’s Entire Fractal Cycle History Decoded! Wow!, the measured move timing was for the major top in December. Apparently $69k was the second peak for 2013 scenario in some respects. But not entirely. Instead the sharp pullback right before the launch to the major second peak in 2013 is repeating now but it will be much more severe because the fractal structure is such that the major peak for the entire fractal history of Bitcoin is December 2021!
But the Fibonacci ellipses are telling us there will be another massive move up to ~$400k after a crash to posited ~$13k.
Also we see that this crash underway is being caused by intentional manipulation of the exchanges. This all leads me to believe if my prediction comes true then this is the final moves before my long-standing, posited ANYONECANSPEND attack where the non-legacy BTC will be donated to the legacy Bitcoin miners which will force the impostor (what everyone erroneously thinks is the official) Bitcoin (aka Core or Blockstream or SegWit/Taproot) to hard fork off raising a free airdrop income taxable event perhaps at the posited $400k level, because I assume the current crash underway is not yet the donations attack although it could be.
I could be overreacting. We will see what transpires. Good luck.
Note
So what if the posited correction meanders and doesn’t bottom until the Fed finishes the taper?Note
Didn’t quite reach the Fibonacci golden pocket pocket if log-scaled Fib levels.And broke down through it with linear-scaled:
Note
Hmm.Note
Projecting back up to backtest the breakdown level $51k.thepatternsite.com/rabfd.html
BTCUSDSHORTS are declining some so this seems like a legit bounce at least.
Exactly as predicted:
Note
Bearish divergence. I took my $10k profit and walked away.Note
Oh crap, look the correction retraced to the 1.414 level same as in 2013!! Is this about to rocket up in a parabolic move?!?!Note
Shorts are declining:Note
imgur.com/a/46HP4iWSomeone has published a video mimicking my long-standing thesis of a repeat of the 2019-2020 crash with a target of
14K or below now, instead of first heading to a second higher (~$190k) peak.
I commented:
I have been publicly expecting this for past several months. But I am not 100% sure. There are also patterns pointing to 2013 second massive pump from this pullback.
@OPTICALARTdotCOM I noticed that 2019 – 2020 pattern in May/June. Enabled me to bet long from
29K for a rally. But I’m not 100% sure this is going to play out as you think. There are other patterns in play as well, such as TechDev’s 1.414 log-scaled Fib retracement being hit both in 2013 before the massive pump to the second peak and again now. Also MMCrypto identified a pattern from March 2020 that is repeating which points to a V recovery to $60+k in December. We have a breakout on the VIX but it pulled back already. Without March 2020 contagion your scenario will not play out. We will eventually get 14K because of the terminal impulse Elliot Wave in March 2020 requires wave 4 to come below 14K, but it might come after a final pump to ~$190k. The next week will tell us which scenario.Note
Frankly this is scary.Price should bounce to back above $52k. Probably should take profits there and wait for $56 – 57k before reentering long, just in case the crash scenario plays out.
Note
@ShelbyMoore I don't think we're going below 40k ever again. Neither do many analysts@JamesButtery we must go below 14k eventually because the wave 2 into the March 2020 crash retraced more than 61.8% of wave 1 into July 14k peak. This is a terminal impulse Elliot Wave which requires that wave 4 dip below the top of wave 1. This is an invariant. So either below 14k now or to 190k then drop below 14k. If you want to know the reason it can drop from 190k to 14k (if does not do it now) that would be the ANYONECANSPEND attack where the legacy miners donate all the SeqWit UTXO to themselves. There is a game theory about this that nearly nobody understands properly. I am in the process of writing a blog about this for Michael Saylor to read.
Note
It’s impossible to imagine Bitcoin dropping to 14K if there’s no contagion in the stock markets. Yet the S&P500 is poised to breakout to a new ATH although it could come back to fill the gap. But watch the entire video because there’s a lot of (especially tech) stocks will in a weaker situation more akin to Bitcoin.imgur.com/a/9VOlAuK
Note
S&P500 earnings growth suggests it’s going higher but it could correct lower first.imgur.com/a/yWTuah0
Note
typo/there’s a lot of (especially tech) stocks will in a weaker situation/there’s a lot of (especially tech) stocks *STILL* in a weaker situation/Note
imgur.com/a/8G1HU2ABond yields and BTC correlation. So if tapering causing yields to rise then BTC explodes upwards again? Seemed yields were falling (risk off move) because everyone thought the Fed taper and lack of China bailouts would cause an imminent contagion and crash? Fed was forced to stop the QE normalization with the March 2020 plandemic contagion. Remember I think the plandemic is on purpose to force the central banks to destroy the USD monetary system to usher in the Bitcoin 666 system. GoT’s stance is that economy is strong and risk-off is a miscalculation at least until QE taper has more time to accelerate.
10YR yield is about to break up or down.
Long-term / short-term BTC hodlers ratio is implicating a MASSIVE pump imminent. It started to decline as it should as price pumps but got interrupted by this pullback but no where near lows! Very similar to both pullback 2013 and Sept 2020! Doesn’t mean the price can‘t go lower first but MMCrypto Dec must be green candle.
Note
imgur.com/a/JRN0uqEMy comment:
Sub-14k probably comes after 100+k. Look at the Elliot Wave structure. The wave 2 retraced more than 61.8 of wave 1 into the March 2020 flash crash. Thus wave 4 will retrace below the top of wave 1 as this is a terminal impulse condition. And wave 4 must be short in duration so this will be a flash crash. Many will be rektd. Probably will fill that long-standing 9.8k CME gap. This will be caused perhaps by the bankruptcy of Tether and/or a specific attack that is known to destroy the 2017 softfork of Bitcoin.
Also 2.39 times 39k (i.e. 39k + 1.39 times 39k) equals 93k not 108k. He was looking at the wrong number on the screen.
Fib circles (ellipses) are indicating a 190k top for major wave 4, then flash crash to 9k then a flash V rebound to 300k. 2022 is going be crazy year.
Same 185k to 200k level can be obtained with TechDev's 2.272 log-scaled Fib extensions from peaks to bottoms. This and the Fib ellipses predicted both of these recent two tops perfectly including the timing. And thus 190k by April 11 like clockwork.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.