I wouldn't be holding Bitcoin right now.
This is just the A wave too. Show me low $50's and I'll make the ultimate call: $15k.
Shall I remind you I warned over 10 times that $74k was a possible top. The Bitcoin worshippers on here laughed. Nostr receipts are forever.
"It'll never happen."
It absolutely could happen, but how and when is something that we can't really predict.
nostr:note1d7jyxwdldkrxxvs9qnkmu9r9rcvem0slq4skjzu5ukl2vhuyrvaqczt36q
Are you basing your calculation purely on TA?
There seem to be far too many variables at play to make that kind of prediction.
Yup, 100% Elliott Wave. As they say: "show me the charts and I'll tell you the news".
Important to caveat, this is not a prediction, yet. But it is a risk warning. Let me quantify the nuance like this:
High conviction bullish = Buy
Unclear charts = Sidelines
High downside risk = Sidelines
High conviction bearish = Short
So it's a risk warning to holders. Hopefully the nuanced logic tree makes sense.
It'll be interesting to see how it plays out.
I dont trade. My plan goes like this.
+150K - sell some coin (less than 5%)
50K - take out loan against coin (less than 10%)
It will definitely be over $150k at some point in the future.
But if it goes to $15k first, a smart player can own 4x more of it than they do now. 😉
Let's see if the macro picture clears up here.
Any news on that topic ?
The count still very much valid. Only minor adjustments.
It's important to understand this is not a "call", per say. Yet. It's a risk warning. But downside acceleration to the low $50's will confirm this count for me and turn it into a call.
Just like a break above $74k confirms a target of $100k to $130k. But that also requires an 80% drop to follow.
The point is there is no confirmation EITHER direction in Bitcoin: up or down. But downside risk is very high. And upside potential is low. Thus, the place to be in this market is sidelines until a clear setup presents itself.
The bull alternate count FYI.
Only validates on break of $74k ATH, for a few "last breaths" before crashing. Best to wait for clarity.
That was a close call an hour ago i just saw it already fell through, phew
Need to exercise discipline. Only bullish above $74k.
Not $70k. Not $73k. Not even a touch of $74k. Only above. Markets are in a very eerie place right now ready to play tricks.
Game is on
Still hasn't broken. Discipline and caution. This thing can snap back in the blink of an eye still.
Game is on again
Yup. Count validated. Relatively smooth sailing to $95k.
Holding after that is Russian Roulette with 5 in the chamber.
Target completion is by Jan I think. Likely right around inauguration.
YOU SUCK
Id surprised to see anything sub $25,000 ever again.
Tell me you don't understand deflationary currencies without telling me. BTC is going to ininfinity because they will keep printing asswipe for eternity.
Might wanna check my receipts.
Dude, it's not going back to $15k.
I didn't say it's going to $15k. Read the nuance. There is risk of it going to $15k.
An 80% correction is required in Bitcoin. Since March we've just been determining if that correction starts from $74k to target $15k.
Or starting from $100-130k to target $20-25k.
No matter where it starts from, it's coming. Because a 5-wave move since 2018 is completing. So I reiterate again. Exercise extreme caution.
No Pi cycle top yet.
Lolol. This is a good one.
