Bitcoin | Major Crash Imminent (Within Days)

8月12日

From March through August 2024, present day, there is a long time interval; five months. Calling for a drop five months ago and not seeing it happen can lead to complacency, uncertainty and doubt, it can lead to lethargy. Things are different now.

Everything is different now because the first low is already in. Bitcoin crashed on the 5th of August. The major drop started on the 29th of July and ended in a $49,000 low on the 5th.

Looking at the March 2024 $74,000 peak price and the $49,000 major low, we have a total of -33.3%, a mild drop in Bitcoin terms.

The bullish wave lasted 16 months. From November 2022 through March 2024.
Bitcoin grew, from $15,476 to $73,777, a nice 377%. This is more like Bitcoin/crypto. This is normal cryptocurrency market behavior.

Based on wisdom shared by professional traders, a bearish-wave (correction) tends to develop 2-2.5 faster than the bullish wave that preceded it. This is because traders tend to buy periodically as price go up; they take time to build their positions. On the other hand, when traders realize that prices are no longer going higher, they close their position entirely, go SHORT or start to sell. This adds selling pressure to the market and everything unravels much faster. Think "panic selling."

A 16 months bullish wave would lead to a 6.3-8 months correction (bearish wave). Today, Bitcoin has been dropping for 154 days or five months. Now, do the maths, we are entering the numbers predicted by the professionals as to the length of the bearish wave. Time is running out.

This is no longer a situation where you can sit-back and relax, this is a situation that is reaching maturity, the climax; things are about to become ugly.

You have seen nothing yet. Panic will engulf the market, fear and doubt; nothing like what you saw; much worse... It will be an experience to remember but, it shouldn't be like this if you are prepared.

The small recovery is already over and it produced a rise of around 28%. This is more than enough for a bounce and soon we will see the resumption of the bearish trend.

This is a friendly reminder to RUN!!! Before it is too late.

Bitcoin is crashing within days.


Good news!

We will have massive, sustained, long-term growth after the bottom settles. It will take months, but Bitcoin will start growing by late 2024 and all throughout 2025; surely and easily.

Thanks a lot for your continued support.

Namaste.

8月13日

註釋

Perspective... Big vs small.