I predicted in my previous analysis that Luna in May is bearish and this is happening. I believe we had our first mark down and now price will consolidate at the support of the longterm rising channel. I am imagining that there will be another mark down at the end of May. The next markdown will be a breakdown from the longterm rising channel, which will spell further fall in Luna's price.
BTC will be in a downturn until around September. Alts will suffer greatly and probably past September.
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Target hit unexpectedly quickly.
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Final target hit of 3.618, since I believe that the bottom is in September, absolute destruction is coming to crypto, hopefully I am wrong.
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"since I believe that the bottom is in September, absolute destruction is coming to crypto, hopefully I am wrong." prophetic words.
This is the luckiest chart I've ever seen. You literally caught a black swan.
nagihatoum
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@ENTITY_NOT_FOUND, thanks man, I had no clue it will turn that ugly, just had the levels and some idea of timing. At the time everyone was bullish. I caught the black swan of March 2019 to 3.9k but it stopped just before that.
pridefulEggs33862
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Lowest today 59,40 and \ is 75 next ? \ Thanks for the analysis.
nagihatoum
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@pridefulEggs33862, hopefully it will make a retest of the previous range support.