This is the final call.
- Stocks & Tesla up only
- The Rich worried about preserving wealth
- The poor and mediocre want to get rich quick
- Increased adoption
- Worldwide Bitcoin ATMs and banks offering crypto
- Every single on chain metric screams bullish
- Supply shock
- Bears trying to call the top in a bull market
- Hasn't gone parabolic...
This market has been propped up for way too long. NFTs are scams. Everyone is convinced we are mooning. Nothing is going to retrace.
That's not how it works. Profit will be taken. The market cycle repeats. The upward fake-out on ETH and other shitcoins was extremely brutal but it is finally time. Alameda, finish this dogshit market already.
It's over. Pack it...
After the last glistening correction call, this move up is simply too large. It is no longer a dead cat bounce. I honestly don't know who is buying at this point, but this dogshit ponzi is just going to keep going up until we hit at least $100k. Don't try to short. This price action reminds me of when I tried to short $7000 in 2017. It's the same thing.
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Seeing what's happening in the NFT market has made me extremely bearish on Bitcoin and cryptocurrency. Spending money on pictures is not sustainable, no matter what "influencers" tell you. People have very short memories. One move up and they're bullish again. The only winners in this market will be the scammers. Don't believe what they tell you. Everyone is out...
I ended up going all in on ETH (and a few other) altcoins at slightly below $1800 per ETH on the 23rd of May. I saw the scam for what it was, while it was happening. My experience in trading crypto since 2016 paid off for me there. I've managed to profit handsomely from the bounce, establishing a new portfolio ATH and feeling very happy with that. I told myself I...
The top was obvious for those who can see. What's going to happen next, is not. From this point on the Bitcoin price is random walk. Bulls and bears alike will give back every bit of profit made over the past year, unless they just stop trading.
My advice: Do not trade, if you value your capital at all. You have been warned.