I have yet to witness such an extreme bulltrap in BTC's history. If you can find me something similar please show it to me. If we're currently at the top of Wave B the final wave down is going to be like watching a horror movie. You've been warned.
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Comment: This area near 50k reminds me of 10-10.5k back in Feb last year. It's almost like someone is "cockblocking" price from going higher. I already explained what is going on. Big whales are selling everytime price goes anywhere near 50k. If they sold it in one go it would be an obvious top but like this they can milk it longer while retail thinks sideways means it's showing strength. Manipulation at its finest.
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Another rejection at 50k....
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Could be my last update on TW. Covid is a scam, vaccines are a scam, Bitcoin is a scam, life is a scam. The whole history you learned in school is a scam thanks to the media. Say hello to the biggest protests in history of humanity. Shit is about to get real.
thanks for analysis. i think it's real scenario, i expect 12-13k finally bottom point
supremetrejdr
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@inmotionwed, 12-13k is a good long term buy regardless how low I think it will go.
cryptodreamer79
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Spot on! People are dreaming of 100k / 200k but do not realize the amount of money that is needed to achieve that.
There is no logic reason we can expect this kind of money flow into the market at this point.
All this run up is is a fools run where the big tubers try to dump their high price coins on the heard buyers they tricked into their dream scenario's.
I have the same bottom target as historicaly every bear market roughly made BTC lose 90% and alts 95% to 99%.
Deminishing returns focus on top to top weakening results but bottoms will stay bottoms.
blueboy356886
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@cryptodreamer79 We did actually do the same in a 12 month period as previous ATH's, it was in the middle that we did not grow, but rather went sideways. 2013 was around 16x in a short period, 2017 was 24x and now we had 15x from bottom in a 12 month period.
cryptodreamer79
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@blueboy356886, Exactly my point, there already is a huge amount of money in the market, to reach 100k that huge amount needs to double again from this point, i don't see that hapening.
About 2013, those numbers are useless as the amount of money needed to double the price at that time is just a fraction of the money needed to go from 50k to 100k.
At the time one big investor could push the price from 100 to 200.
@Tadouh, haha because i suspect it to go down i am a no coiner, you reek like a moonboy.
FYI in this for 2 cycles now and made 100x on this cycle so far on average.
FYI2 this chart is valid as long as point B stays below the ATH, so no reason to cheer for the few k pump.
Tadouh
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@cryptodreamer79, so what your telling me is you are rekt like supreme? And just like him you are wrong lol, yet made 100x lol.... sure buddy you and supreme both made 100 x lol this chart is not valid cause here we are in october above ath.. its so funny watching these calls play out over time and people like you who claim to be so good yet always wrong.
cryptodreamer79
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@Tadouh, I guess you are to dumb to read and understand what you are reading. As i told you i only buy and sell market cycles, march 2020 was buy time, may 2021 was sell time. Kept 10% just to have some skin in the game in case we climb higher. So now tell me where can i get rekt?? It's just the impatient and greedy that get rekt as they ad leverage and have nu clue what they are talking about. Now kiddo get back to your 100 dollar account and be proud you are right, one day you will learn that this game evolves around other rules.
Tadouh
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@cryptodreamer79, See even he knows I am right lmao. Btw it is too dumb.. not "to dumb" I cant tell you how much this made me laugh......