All of you are bullish on bitcoin right now. But are you wrong?
While bitcoin is posting weekly bearish divergence on the rsi.
Look at the rsi on the box on the left side inside that downsloping channel.
Compare to the rsi in the downsloping channel on the right side on the same box.
The patterns look identical to me.
Every mom and pop is bullish right now.
Every youtuber is guaranteeing you 100k.
The main stream media is telling you 200k or 300k is coming.
This is the moment where the shoeshine boys are giving stock advice right before a great depression like black swan event happens. At least that's what I think.
I believe we're doing a 1.618 fib extension down of wherever bitcoin tops at. Currently, the 1.618 is 7400$.
This means I expect 7400$ BEFORE we go above 65k.
Anyways, good luck to everyone. I will stay in my 61.7k short and close at 55k. I'll wait to reshort again around 60k after 55k temporarily bounces.
I do not think this is a bull run. I could post 10 things right now why I think we go down. Can you post that many why we go up?
Look at the rsi on the box on the left side inside that downsloping channel.
Compare to the rsi in the downsloping channel on the right side on the same box.
The patterns look identical to me.
Every mom and pop is bullish right now.
Every youtuber is guaranteeing you 100k.
The main stream media is telling you 200k or 300k is coming.
This is the moment where the shoeshine boys are giving stock advice right before a great depression like black swan event happens. At least that's what I think.
I believe we're doing a 1.618 fib extension down of wherever bitcoin tops at. Currently, the 1.618 is 7400$.
This means I expect 7400$ BEFORE we go above 65k.
Anyways, good luck to everyone. I will stay in my 61.7k short and close at 55k. I'll wait to reshort again around 60k after 55k temporarily bounces.
I do not think this is a bull run. I could post 10 things right now why I think we go down. Can you post that many why we go up?