Trying to make more clearer picture for people to wake up and see the situation from the other side. The psychology of people is the best indicator for markets like crypto. "Culture" of crypto, hype, FOMO for all crypto communities will slowly die because fame doesn't hold long at the top. BTFD worked for some time because every time at some point it will go up, yes? HODL because it will go up and you will still double your money? The job was done and they got a lot of retailers at the top. Yes, at the top. 50k BTC isn't cheap, 40k isn't cheap, 30k isn't cheap. Everybody buys because of FOMO. Cheap is when nobody wants it.
On 3 January 2009 Bitcoin was created, 13 year anniversary going to be. Bitcoin is still young. The 13 number is the worst number in the stock market and I expect to be in crypto. The cycle has to end at some point before it starts the new one.
The stock market 13 year cycles:
2020 - 2007 = 13
2000 - 1987 = 13
1987 - 1974 = 13
Other stock market corrections and crashes which I didn't mention in this, lead to other cycles.
Chart: BTC touched second time in this year Weekly 50MA and every time this happens it leads to 55-70% correction and every time touches Weekly 200MA it leads to another bull market but not going to happen this time I believe.
RSI is exactly at the same level as before other corrections started.
If you are only aware of seeing Bitcoin 100k, you don't need to worry about this post, please keep yourself the nonsense comments.
It's only my view and opinion
GOOD LUCK
On 3 January 2009 Bitcoin was created, 13 year anniversary going to be. Bitcoin is still young. The 13 number is the worst number in the stock market and I expect to be in crypto. The cycle has to end at some point before it starts the new one.
The stock market 13 year cycles:
2020 - 2007 = 13
2000 - 1987 = 13
1987 - 1974 = 13
Other stock market corrections and crashes which I didn't mention in this, lead to other cycles.
Chart: BTC touched second time in this year Weekly 50MA and every time this happens it leads to 55-70% correction and every time touches Weekly 200MA it leads to another bull market but not going to happen this time I believe.
RSI is exactly at the same level as before other corrections started.
If you are only aware of seeing Bitcoin 100k, you don't need to worry about this post, please keep yourself the nonsense comments.
It's only my view and opinion
GOOD LUCK
註釋
Quick update of short term 註釋
I believe that we will see a bounce to 47-48k range註釋
Doing accumulation between 35-48k area and a massive bear flag setting up. Soon will be clearer. 註釋
Nailed all the tops and from the last update -40% from the last chart. Still expecting to see much lower. Not going to update this chart anymore. GOOD LUCK!
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