One more fake push for bitcoin and cryptos and then gold dominates the scene for the forseeable future during the next bull market. Switch your bitcoin NOW!
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For those of you that are paying attention we are entering the biggest gold rally of the century! Being in bitcoin is fine if you dont like sleeping at night. Although im a big crypto fan i realize this shit has zero intrinsic value whatsoever. The only value it has is as a vehicle to transfer cash outside the banking system which obviously gives it some value, but 5-9000 dollars worth? I dont think so. Gold and silver have been stores of value for 5000+ years already. To the millenials that think gold is dead and crypto will replace it i say... think again! Crypto has like 5 years of history... it can easily become the netscape or myspace or palm and give way to something better, but really trying to beat 5000 years of history, you are betting against the odds baby.
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the BTC trend is still intact... barely. A close below 7408 means its over . this last move up is risky so make sure to have stop loss orders in place if you want to get any sleep. :)
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The 4H charts shows me that bitcoin topped in red area i had previously targeted and still looks bearish to me. Forming a bearish flag pattern it looks like it may continue lower from here.
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Total crypto market cap looks bearish as well breaking down from the flag formation top and creating another bearish flag formation now. I expect it to correct at least down to the channel line shown but this may develop into a more protracted downtrend, that remains to be seen.
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It's a trap ...
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Goldis ready to move.... and Bitcoin ... well... don't be left HODLING the bag !
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Crypto holders are about to experience that all to familiar FOMO phase ! Gold stocks are blowing away crypto gains right now and will only accelerate.This is called "rear view mirror investing" and is the biggest mistake ever. You cannot ...i repeat CANNOT look at what just happened and expect it to happen again within a few years time. It just dont work that way!
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the top of BTC and bottom of PMs will happen within the next 2 weeks timeframe
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As i said... check the GOLD/LTC ratio... breakout! It's over folks! Crypto HODLers are going to get punished for being so naive not to diversify!
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Silver/LTC ratio gap breakout ! It's overrrrrrrrrrr folks!