MrRenev

Bitcoin update. Week's almost over...Crypto about to collapse...

Short
MrRenev Updated   
I love how everyone talking about "the banks" and how they are afraid of crypto, but every one completely forgot about china, that has been crashing the price 40% at a time regularly back in 2016-2017 :)
Here is what I think will happen now.
In the next 10 days, perhaps next week, possibly but not likely even tomorrow, we fall to around 3300.
After a dead cat bounce and the usual victims that regulators try so hard to protect - no matter how much that hurts the legit traders like me - and that lose no matter how many rules aka wheelchair training wheels are set in place to help them out, will ONCE AGAIN call the bottom, buy the dip etc - which should last let's say 3-5 days, the price will then fall more than 1/3 in a matter of days. We will then bottom at 1500-2000 we might get there fast or after a bounce a little higher and momentum slowdown follower the 33% loss in 2-3 days.

The chinese government could not have made it more clear they do not like Bitcoin. They now got rid of all almost all the non china miners and lobby groups and powers that be.
They will now keep smashing it. Every one that has been in crypto long enough know their power. They do not have the power to kill crypto if it is very small.
But it is not small now. They have the power to reduce it to complete dust, back to when it was some underground kid game worth nothing. They can crush it to 3, even 2 digits.

The risk is we go up after rejecting resistance twice, and run into the next resistance which is 4200-4300. If we were to break that MA200 is next at 4800.
I do not know for sure, but I am pretty confident the risk of a massive bull run/pump/short squeeze is minimal.
If the price falls, I expect it to fall alot, which means a high risk to reward.

It won't be long before the price falls below 3150




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How perfect!
I am seeing alot of angry comments on this idea, as well as other bears ideas.
It's as if crypto investors were anxious again.

Weird, I think I remember something similar...
People calling my TA useless my ideas stupid my facts rants and complaints.
Now when was that...
Oh right, early november 2018

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Forgot that
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This fractal here also makes us fall by friday/monday.

There are many people waiting for 5000-6000 to sell (including me 2 months ago), too many...

Will they get a chance to breakeven or will they be forced to cut their losses when Bitcoin falls below 3000?
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Why am I now getting flashy ads telling me the bear market is ending soon?
It's the same template as casino ads...
I clic on some on them...
Flashy lights everywhere Bitcoins all over the page...
Oh Satoshi wants to know if I have questions about Bitcoin...

Ye we are wlearly not at the bottom, not even close :D
Made this prediction 1 year ago. Still holds. Was called troll and ridiculous.
It's much less ridiculous today than 1 year ago, and will keep getting less and less "troll" and ridiculous as months go by.
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We are getting very very close.
Why are these lines so important with Bitcoin?

Crypto market cap that has been added recently is incorrect on trading view so I still stick to coinmarketcap. It does not get implemented in tv ideas like before anymore thought...
Anyhow. Crypto still barely above its bullish trendline.
Buyers are oh so shy. The lack of enthusiasm is so boring but at the same time makes it more likely we go down.
Could we not go down after liquidating bears please? Let's play fair for once.
charts.cointrader.pro/snapshot/nYA3Y
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It is happening...

I just hope they are satisfied before I get hit...
50/50.
The problem with all these exchanges is I am pretty sure the Bitcoin price will not go too far up, but there is always this one exchange that has a spike...
Pure luck based.
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We are almost there. The suspense is at its maximum.
Anyone ever saw a snail chase? This is the same.
When Bitcoin goes up and it so close to reaching
the final boss you can play the suspense music.
The end is night.
But bulls are so incredibly weak, it is more
of a snail chase kind of suspense.

On one hand I want it to go fast but the slower
it goes up the less strong buyers are...

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How did I know this would happen?
I just remembered about china 5 days ago...
This can't be a coincidence...

It must be like being so used to eating at 12 everyday that your body expects it.
My body expected China to do something at this time XD

Well, China is right on time. "What is he talking about?"

Breaking: China Says ICOs And STOs Are Solicited Illegal Financial Activities, Involvement In Such Activities Will Be Severely Punished As Of March 21 2019

I think this is what caused the little fall yesterday.
Didn't have that much effect... Does not ùean it is over.
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If China FUD was bad, imagine USA FUD. :)

They are cracking down on every one involved, and it's brutal.
Tether, several exchanges, money processing illegal banks...

In an act of desperation, huge amounts of Tether could be printed to pump the price.

Ignore the noise, and watch it burn. I would say HOLD onto you put if any existed - without a massive premium, but nope, so just watch... Can't short long term either funding keeps getting bigger and bigger - at 0.1% a day now - and probably won't stop growing.

Let's just enjoy the show and buy the next -75% leg down for a quick dead cat bounce profit.


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