Nostradamus 101: BTC EUR 3 months ahead
Updated
This is an update to the previous forecast see link below.
Based on what we have seen, we are now effectively in a battleground. The same 'big' holders who are on the verge of selling their crypto assets are the same people asking us to HODL.
Bitcoin, I believe in you, but, you are not worth your money. You are worth our money, just not this much, and as the environmental implications become more imposing, so will the
need for regulation, taxation and audit of miners; so will the need for celebrities to turn our attention to another crypto gimmick; so will the need for other distractions cloud our
judgement as those who have pre-mined" spill their guts. Good for them. You got us. Why all this mad nonsense you ask? Because, we are a second away from midnight when it
comes to BTC (in particular), and hopefully it stays "your crazy to say that", but am I? are we? Haven't we read all the books, watched all the movies, seen all the news, learned
about all the shady after 50 years of declassified documents? Haven't we? "You're a conspirator!" Relax, facts are facts, just like the fact that there are closed "open meetings
that happen in Switzerland once a year under a mountain that control the majority of our everyday lives "Haha" You say? One Jeff Bezos will make millions of teens squirm. One Jeff.
And this meeting is no Jeff, possibly worst, possibly better, who knows, what we know, is that we're not in the club, because if we were, money would never be an issue.
Watch out guys, safe trading. Good luck have fun. Peace.
Based on what we have seen, we are now effectively in a battleground. The same 'big' holders who are on the verge of selling their crypto assets are the same people asking us to HODL.
Bitcoin, I believe in you, but, you are not worth your money. You are worth our money, just not this much, and as the environmental implications become more imposing, so will the
need for regulation, taxation and audit of miners; so will the need for celebrities to turn our attention to another crypto gimmick; so will the need for other distractions cloud our
judgement as those who have pre-mined" spill their guts. Good for them. You got us. Why all this mad nonsense you ask? Because, we are a second away from midnight when it
comes to BTC (in particular), and hopefully it stays "your crazy to say that", but am I? are we? Haven't we read all the books, watched all the movies, seen all the news, learned
about all the shady after 50 years of declassified documents? Haven't we? "You're a conspirator!" Relax, facts are facts, just like the fact that there are closed "open meetings
that happen in Switzerland once a year under a mountain that control the majority of our everyday lives "Haha" You say? One Jeff Bezos will make millions of teens squirm. One Jeff.
And this meeting is no Jeff, possibly worst, possibly better, who knows, what we know, is that we're not in the club, because if we were, money would never be an issue.
Watch out guys, safe trading. Good luck have fun. Peace.
Comment
Guys this is now becoming a sideways journey, still correcting. Range: 27-32k for the weekend ahead. As for next week 7th June everything still eerie, be on the lookout for impulsive swings, other than that expect the 20-25k area. If the market finds support here, extended 18k then we are looking at a trend reversal to 36-39k. Good luck have fun.Comment
SHORT Writing this on 14/06/2021 @ 23:30 - 00:25 pm GMT+3 - BTC 32,300 and going up -
Dangerous territory (particularly for our collective sanity).
Here is an update (skip to part 4 for the update, stick to part 1, 2 and 3 to understand it better).
Part 1
Capitalism (the kind of mutant that is now, not in text) is great, but is the inevitable destroyer of Democracy. So far the scales are tittering. We (I hope never) might be entering a dystopia, and you can believe that this kind of reality is still possible… particularly when we suck up to the Money, and we have to, how else survive. It is when we glorify it as the only measure of (not physical but) moral value - that is when things become scary, senseless, and chaotic. I mean a bit of chaos here and there is cool, but in a controlled environment and within reasonable capacity, otherwise… well, you’ll get it, if you really ask for it.
The saying goes, you don’t play games with the Devil (we are talking morals not religion (but what of morals? Then what of anyone who gives a sh*t? In other words, guns and hoes? anyhow). There should be a better way, but not alone…but that’s a whole different story and for another sitting.
Back to BTC.
Part 2
What does Part 1 mean? Money controls the world, and Politics is funded by much of the Money that supports it (vaguely said). What does this mean? It means that El Salvador is a play. It means that, yes it might become legal tender there now, and it will become elsewhere in the near future, but, what it is for now is: a play. In other words, while we are buying, the industrial investors are closing their positions… why? Because we are still in a sideways correction.
Money flows to Money. The more the volume, the more control over the flow. Who controls flow? Government? Partially. It’s banks. Partially. It’s shareholders of those banks. Partially. Same shareholders, on behalf of Political figures. Partially. You get the picture.
Part 3
So within this truth:
1. The 15M candles will struggle at the 32,300 area before at the very least retracing to 31,300 in the next 12H. This is a buy signal until the 34-37k area.
2. What I am inclined to is, the continuation of the correction, at a sideways journey, cruising at an altitude of 30,500 for now. Don’t twitch. It will still needs to retrace (or break) at the 29,250 area if any real upward movement is to happen.
3. What happens next is puzzling. The next 48 hours one of three things will happen: a) it will explode to 35k (momentarily), b) (my take) The next 48 hours it will create a head and shoulders type pattern, suggesting upward movement before a 1,2 correction, or c) (also my take) In the next 4 hours it will drop to 31K, followed by an impulse downwards movmeent, sub 29K. This means that on the 48H we will see it sideways around the 28-30K area.
Part 4
Conclusively (and this is not financial advice), I would short at 32,400-32,470 until 31K, exit, probably buy until 32K, exit and re-assess. BTC is now in volatile waters and in a new sideways pattern (let's see if we go back to the initial correction or create a new cycle, nonetheless other factors are still in play like the health of the stock market). We thought we saw volatility on the 2-4H candles. Get ready folks. We are back to hungry... for the love of all that is holy. Watch out guys. Divide by half. Adjust and overcome. Safe trading.
Trade active
Updated 03/07/2021The idea:
This is the final update for this BTC prediction. Good luck have fun everyone.
If BTC: rises to 32k in the next 3 weeks and resists, we will see 25k again.
If BTC: rises to 32k in the next 3 weeks and breaks, we will see 40k tap.
If BTC: 29K in the next 3 weeks resists, we will see 20k tap.
If BTC: 29K in the next week falls under 26.5k, we will see 18-19k tap.
If: we continue to go sideways, then you can just expect 30% volatility range with no clear direction.
My personal bet would be to short at 31.5-33k, but that depends on the news cycle. We are either mid-way through this correction, or this will stretch until Q2 of 2022. Either way. It is still sideways. This means, identify short-term trends and don't get too greedy.
Adjust and overcome. Peace.
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