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NoOneWhoIsSomeone
May 12, 2022 6:41 AM

Bitcoin (BTC): This Is Capitulation  

Bitcoin / TetherUSBinance

Description

Im here to say this is the Third Capitulation event in roughly 4 years.

Trying to catch the falling knife is very dangerous unless you are absolutely ready to lose it.

LUNA and their Stable Coin was the final nail in the coffin to send the market over the edge.

Just remember, although fear has taken over and doom has arrived, this too shall pass.

This is just a moment in time, and as we all know too well, time NEVER stops.

Stay focused. Learn. And Survive so maybe one day you can reap the rewards of the sacrifice.

Never risk more than you are willing to lose.

Good luck everyone!
Comments
crowntrade
I like how you are stating to place $17,400 as a support level now. As when I would comment before anything lower than 20K support levels you would say (The absolute lowest BTC can go is 20k).
NoOneWhoIsSomeone
@crowntrade, I personally do not believe it will go that low, I remain firm on my target of between 22-23k or 200W MA. I am simply showing the support in the chart and its correlation with the Covid Dip. Also with the entire LUNA catastrophe, that caught me very off guard, it sets a very strange atmosphere in the market
crowntrade
@NoOneWhoIsSomeone, Yes I agree, the LUNA thing needs to get cleared up ASAP. It is like a fish out of water flopping around on the ground and everybody is just watching it die. It is a little weird and is in bad taste.
NoOneWhoIsSomeone
@crowntrade, Definitely. Soo many victims in that situation. That probably increased the chances we see a lower wick than anticipated but have to watch and wait. Luna is at $0.12 currently which is absurd.
astepaul
i dont think we are at capitulation yet.
Capitulation will be 19K or under
Vibranium_Capital
Just a suggestion, if you have pink back round try to change red candles to different color so it’s easier for everyone to see :) kind of blends in a little with the background right now. How it helps!
NoOneWhoIsSomeone
@Vibranium_Capital, Strange, maybe it is a monitor thing because I see my red candles in contrast to the background but definitely noted! Thank you, very appreciated
mahmoudAhdab
16000 !!
How likely is that !?
24000 is coming as of today charts bit 16000 that would be great price to buy !
panickyHunter3288
Do you think that cryptocurrency market will recover in the future?
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