hello everyone, over the past few months we have seen bitcoin drop very heavy..... i did predict this very situation in my previous posts and in my economic white paper.
although we are low now i do think we will go lower and this is why:
patterns:
we are seeing many patterns showing up like a heads and shoulders pattern. you can see that we have broken the neckline of the heads and shoulders meaning we could be on way to our target which will be at 16k.
another indicator we can look at is the heikin ashi RSI:
we can see that we have been in a downtrend and divergence... this means that there will most likely be more down side since we aren't in the oversold area just yet.
200 WMA:
we can see that the WMA is around 20k but i do believe we will crash below that but close above it on the weekly timeframe.
Trend:
we can see that price has been in the rising channel pattern since 2013 and think that it is possible we touch it again before we start our bull run late 2022 and starting 2023.
Rising Dollar:
we can see that over the past few weeks the dollar has moon shot but i dont think this will last forever... i think we will soon top off but we need for inflation to go up a bit.
i do believe bitcoin will crash with equity markets in the start since we know bitcoin is tied to equity markets... i dont think we will see bitcoin pump until the inflation part of the crash takes its part
if you've seen my previous posts i do think a huge economic collapse (mush greater than the great depression) will happen and bitcoin. other crypto, and gold will be great assets during those times but now is not the time to buy.
although we are low now i do think we will go lower and this is why:
patterns:
we are seeing many patterns showing up like a heads and shoulders pattern. you can see that we have broken the neckline of the heads and shoulders meaning we could be on way to our target which will be at 16k.
another indicator we can look at is the heikin ashi RSI:
we can see that we have been in a downtrend and divergence... this means that there will most likely be more down side since we aren't in the oversold area just yet.
200 WMA:
we can see that the WMA is around 20k but i do believe we will crash below that but close above it on the weekly timeframe.
Trend:
we can see that price has been in the rising channel pattern since 2013 and think that it is possible we touch it again before we start our bull run late 2022 and starting 2023.
Rising Dollar:
we can see that over the past few weeks the dollar has moon shot but i dont think this will last forever... i think we will soon top off but we need for inflation to go up a bit.
i do believe bitcoin will crash with equity markets in the start since we know bitcoin is tied to equity markets... i dont think we will see bitcoin pump until the inflation part of the crash takes its part
if you've seen my previous posts i do think a huge economic collapse (mush greater than the great depression) will happen and bitcoin. other crypto, and gold will be great assets during those times but now is not the time to buy.