Bitcoin - 50% crash to 28k! (crypto destruction)
Updated
News
- High probability that crypto is heading for a 10-20 year winter bear market. (Source: X)
- Satoshi Nakamoto (creator of Bitcoin) is an unfriendly alien species (extraterrestrial beings) that lives outside of planet Earth. The Bitcoin was created to enslave humanity. (Source: X)
- There is an infinite amount of Bitcoin as the code can be changed. Bitcoin is only a piece of software that can be modified. Decentralization is a myth: Bitcoin is controlled by miners, not by a few people that are mining at home with their graphics card! (Source: X)
- The FED can start mining now and perform a 51% attack in a few minutes from now, no issues. (Source: X)
- CBDC (Central Bank Digital Currency) is here and it is stable coins (USDT, USDC, BUSD etc..). One big CBDC is Bitcoin. (Source: X)
Altcoins will be down 99% (again, and again)
Moon boys are not ready for what is coming. They already experience 80% to 90% loss on their crypto account due to investing in altcoins, and the number will increase to 95% to 99%.
If you are a moon boy, I will give you 1 important advice about altcoins. All altcoins were created by whales for a pump and dump scheme with strong marketing. This crypto game is all about money, the more you lose, the better for whales. So sorry if you find out that if you entered a crypto space, you entered a very bad casino. At least in a real casino, if you bet on red, you have around a 47% chance of winning. In this bad crypto casino, if you enter and buy altcoins, you will definitely end up at a loss. While everything is on its all-time high, Ethereum, the image of all altcoins, didn't even hit an all-time high and is struggling somewhere in the middle of the previous bear market. But let's talk about Bitcoin.
Technical analysis
The market moves in waves, nothing goes up in a straight line. In Bitcoin's case, the price has finished the major impulse wave (15,476 USD to 73,777 USD). After such a move, what you want to do is sell and look for a retracement. In general, buying is recommended between 0.618 and 0.5 FIB levels, in this case, it is between 28,103 and 33.790. But I strongly recommend not buying any Bitcoin as the crypto space is entering a huge, deep 10-20 year bear market cycle. The mining difficulty can be adjusted, so it's no issue for miners whatsoever.
On the chart, we can see an ascending parallel channel. What we want to see is a breakout of the channel, then a retest, and then a continuation of the bull market. What is happening with Bitcoin? The price went back into the parallel channel and is forming a bearish reversal pattern.
We have 2 huge unfilled Fair Value Gaps (FVG). You can see them in the chart, and these gaps tend to be filled sooner or later! The probability of filling them is extremely high.
Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
- High probability that crypto is heading for a 10-20 year winter bear market. (Source: X)
- Satoshi Nakamoto (creator of Bitcoin) is an unfriendly alien species (extraterrestrial beings) that lives outside of planet Earth. The Bitcoin was created to enslave humanity. (Source: X)
- There is an infinite amount of Bitcoin as the code can be changed. Bitcoin is only a piece of software that can be modified. Decentralization is a myth: Bitcoin is controlled by miners, not by a few people that are mining at home with their graphics card! (Source: X)
- The FED can start mining now and perform a 51% attack in a few minutes from now, no issues. (Source: X)
- CBDC (Central Bank Digital Currency) is here and it is stable coins (USDT, USDC, BUSD etc..). One big CBDC is Bitcoin. (Source: X)
Altcoins will be down 99% (again, and again)
Moon boys are not ready for what is coming. They already experience 80% to 90% loss on their crypto account due to investing in altcoins, and the number will increase to 95% to 99%.
If you are a moon boy, I will give you 1 important advice about altcoins. All altcoins were created by whales for a pump and dump scheme with strong marketing. This crypto game is all about money, the more you lose, the better for whales. So sorry if you find out that if you entered a crypto space, you entered a very bad casino. At least in a real casino, if you bet on red, you have around a 47% chance of winning. In this bad crypto casino, if you enter and buy altcoins, you will definitely end up at a loss. While everything is on its all-time high, Ethereum, the image of all altcoins, didn't even hit an all-time high and is struggling somewhere in the middle of the previous bear market. But let's talk about Bitcoin.
Technical analysis
The market moves in waves, nothing goes up in a straight line. In Bitcoin's case, the price has finished the major impulse wave (15,476 USD to 73,777 USD). After such a move, what you want to do is sell and look for a retracement. In general, buying is recommended between 0.618 and 0.5 FIB levels, in this case, it is between 28,103 and 33.790. But I strongly recommend not buying any Bitcoin as the crypto space is entering a huge, deep 10-20 year bear market cycle. The mining difficulty can be adjusted, so it's no issue for miners whatsoever.
On the chart, we can see an ascending parallel channel. What we want to see is a breakout of the channel, then a retest, and then a continuation of the bull market. What is happening with Bitcoin? The price went back into the parallel channel and is forming a bearish reversal pattern.
We have 2 huge unfilled Fair Value Gaps (FVG). You can see them in the chart, and these gaps tend to be filled sooner or later! The probability of filling them is extremely high.
Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Comment
I completely understand negative comments in the comment section. I know altcoins are down -90% from the peak, and it's not easy to handle it. But you can still save 10% of your money! Ask yourself a question: Was it a good idea to enter this crypto space? Yes or no, I would say 99% of you will answer: No, bad idea!Comment
I posted this analysis when Bitcoin was above 60k! Now the price is around 50k and it dropped by 15% in a single day!Comment
The market is down 20% since my call yesterday! 30K Bitcoin soon. Do not forget that September is the most bearish month for Bitcoin, and we are still at the start of August!Comment
A lot of people in the comment section are saying that this is stupid analysis, but the following day after I posted this, Bitcoin crashed by 20% from 60k to 49k! So there is really nothing stupid about this TA, and they are just jealous that I was right. Pretty much no one except me on the internet was predicting that this bullish flag is a trap! I saved a lot of money from people who followed my ideas! So if you are not following me yet, now is the time.
This wasn't the bottom, we will go lower! Sell every pump, thank me later.
Comment
Bitcoin is currently at around 57k. This is your chance to sell before we crash to 28k.Comment
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This idea is very successful, it has around 1000 likes and 30k views. The situation for the crypto market is very critical, most of the altcoins are down. There is no hope for recovery, 99.9% of alts will never hit the previous all-time high, it will now be used for gambling purposes only (for whales) to earn money. Avoid investing in crypto and trade real markets, such as gold or stocks.Trade active
This bullish price action is because of this CME gap. Prepare for Bitcoin below 50k again!
Trade active
Latest comments below this idea pretty much confirms by bias. The majority is very bullish and highly invested in BTC and ETH, that's not a good sign for the future price! When major media tells you to buy Bitcoin, you know it's late. You should probably buy when there is blood on the street, not when Trump is telling you to buy Bitcoin. Rather, do not read the comment section!
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