Bitcoin Plunge to 22k

Am reasonably confident that 22k will come faster than most people can imagine.

It could even get there by tomorrow. If it doesn't, which is equally as likely as it does, it will take a few more days.

If it trades to a new high from here, the worst that happens is that I look foolish in front of many people.

Worth it.

-PigPlunge


BITBAY:BTCUSDT
BITBAY:BTCUSD
COINBASE:BTCUSD
CRYPTOCAP:TOTAL2
COINBASE:ETHUSD
BITFINEX:ADAUSD

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Here's short-term look:

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Might see some fireworks here and into tomorrow.

Lets see.

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Oh yeah - might wanna keep an eye on gold as well. Could see a simultaneous BTC breakdown / Gold breakout, which would be cool for two reasons:

1) Gold almost always pulls back on equity selloffs before moving higher; almost never at the same time

2) All the volume into Gold is a tangible wealth transfer that will likely tie out almost directly to the offsetting BTC loss in market cap. Dont think I've ever seen something like this on such a large scale.

Comment:

Trying out a new method that I recently picked up. If I did it right/it has any basis of working consistently across classes, then this should work pretty accurately in about 5 mins...

Comment:

11:12 AM*

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Still very much expecting a violent stop-induced selloff sooner than later.

Im not going to try and pig-peg it to, say, now, but I would if I could.

What Im trying to say is don't not short it.

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might finally be done here.. hoping by the close its clearly heading down..

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plunge is still my expectation.. no new high coming imo.

Trade closed: target reached:

If Bitcoin were not some ethereal, leveraged mythical creature, the 22k target would have hit at a much sooner date that aligns with basic common sense.

Just another reason to pick a different coin-horse for the future of global commerce. (Like Decentraland, or like any coin that isnt monitered nor taxed by the US Govt).