Resharing for all the goofs who think I'm a Bitcoin hater. Far from it.
In fact 2yrs ago, at $16k, boomers were calling me "Bitcoin bro" for calling $70-200k.
Why am I warning like crazy now?
Because we reached a target that I called TWO YEARS ago. That's why.
nostr:note1exer8lpcj630g5vduhzt3s38fddpwj57x9acq6wx2ka58z3y4m2smstd04
When you have receipts 👌
nostr:note1kswedtsxxd4ma477xrhalhx6dyhpd42lkhv8za8pl3x62xa40q7s20497t
warning of what?
90% Drop in price or 10k BTC.
A massive drop as detailed here.
I guess Bitcoin has to clear 200k to override this bearish call.
note1f6vnagzpz3j7pdsfrfdt0ah9kxx3mc3malz7l29ywjyya9f7twysdg7e6h
Since last year, we have much more clarity on the tail end of this move. The minimum became $95-100k. We got that now.
That means the entire 14yr move COULD be over.
There's still a chance of a near term exhaustive push to $100-130k to top after a drop back to $80k. But its very very very high risk on long term charts because again, we fulfilled all minimum target requirements at the known end of a move.
The level of conviction I detect amongst Bitcoiners means suggests they will keep on stacking regardless.
But it will be painful if you are right.
That's precisely why such a low level is required. A market's goal is to shake out conviction.
$100k shakes out permabear conviction.
But $80k, $50k, even $30k will not shake bullish conviction.
It will take deep levels. When all bulls throw in the towel, THEN we re-buy. And MSTR bankruptcy may very well be a marker for that (like FTX was).
I'm working on alternate all-time counts. The only bullish count I can find breaks 2 EW rules so it's considered invalid. I need to look harder. I can find 2 valid bearish counts that each point to corrections of 70% to 90%. It's really dangerous here.
“It's really dangerous here.”
13k? are you on crack or something?
17k was a total reset
