Cryptos have been monkey hammered or smashed this week. We have a probable wave 3 down completed and a bounce now into wave 4 up. Wave 5 down could go as low as 20,000.....perhaps even lower.
When manic bubbles burst, the sudden fall from grace is swift. An across the board exodus is upon us....money is rotating into precious metals.
Long term bulls have nothing to worry about, newbies are licking their wounds. Every parabolic market bursts, a long correction will transpire now.
Often tops or major turns are coinciding with average folks piling into such instruments. One particular YT channel produced a video earlier this week on how to get into cryptos...strange timing!
The first sell signal came back on the 18th April...our uptrend channel was compromised. So now we will witness a serious decline of interest in cryptos for some time. Naysayers and the banks will promote themselves as having warned of this bubble. These individuals miss out on the spectacular gains and freedom outside the central bank cartel. Already they have their digital worldwide system in place...we need a collapse for them to usher in such an embedded, global control mechanism.
It is no coincidence that Michael Burry of the "Big Short" who tweeted and warned of INFLATION last year and again in February 2021, had is account deleted and was paid a visit from SEC. You always know when you are on the truth...it hurts!
So watch for bargain prices to come in cryptos and gold and silver to soar.
Too isn’t in on cryptos. Too small of market cap still and still not anywhere near widespread adoption. The hodlers don’t get spooked now. And now with interest they’re turning into a safe haven. 5k ETH before we get a pullback to $2500 then to 12k. All crypto still only has less than half the market cap of gold. And you can’t get on a plane with 1,000 oz of gold, hence the power of crypto. Buy dips.
Same here. Interest on crypto is a big deal. Not many other ways to protect capital. Nexo is paying 8% on ETH and 10% on stable coins. I still think we have a top to make, but we can still have another leg down. Silver is about to explode. Can’t wait to see what the gubment has in store for a back up plan to their fiat pyramid scheme. Digital dollar. They better hurry cause we’re gonna wake up to a housing crisis x100 soon at these spending levels.
Fractal777
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@younolikeyounobuy, Keep doing what you are doing...watch the show unfold.