Who wants to call me crazy? We might be repeating covid crash...
Okay I know a few key things about the market is different than 2019. Look at these two charts. You must agree that there are a few similarities so far just based on price action.
I know bitcoin just went to new alltime highs. 2019 didn't make an alltime high when it did that. BUT. BUT! It looks similar. Visually, it is SIMILAR.
I know that the daily RSI made a higher high with higher price. I can tell you that the 3day made classic bearish divergence. The weekly was making classic bearish divergence. I trust 3 day and weekly over just the daily... any day.
I know you think 100k or 300k will happen. I flat out don't. I think you're being fooled by the whales so they can take your money.
I'm basing this on what I see and what I see is... this is very similar structure... it's different in ways... but similar in others...
I really do think the economy is going to be obliterated very soon. The president of the united states has told us a meteor is coming to the economy.
The vice president told us to do christmas shopping early because something would happen.
William shatner warned of a coming catastrophic event then quickly shut up.
there's grocery stores with no food right now. not a lot but a few. Grocery stores have cardboard cutouts of food to hide the fact that they don't have food. Just getting all set up for another "oh my god there's no food in the stores" moment like march 2020.
Truckers aren't delivering goods to america right now. The ports are completely shut down.
Don't you guys feel the doom like I do?
If you're a hodler you don't. You think bitcoin survives everything.
Anyways... If this chart continues to mirror 2019/2020... my new downside target is 4900$ bitcoin. 4900$ is a 1.618 fib extension down. The march 2020 covid crash did a 1.618 fib extension down. You can see it clearly on the bottom chart here.
Ask yourself a question....
Does this sound crazy...?
3k bottom in january 2019. (already happened)
4k bottom in march 2020. (already happened)
5k bottom in december 2021. (what my 1.618 fib extension shows)
Is that really so insane when you look at it like that?
2019 - 3k.
2020 - 4k.
2021 - 5k.
Scroll my top chart down to see the 1.618 fib extension. It's way down there. If our economy is about to be obliterated... this is what is going to happen. This is the worst case scenario. This is what happens if the president of the united states is going to cause complete destruction.
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I am not saying that this is definitely happening yet. I am saying... I am WATCHING for price to continue to move like this. I did not expect it to hold as support on the .236 like it's doing right today... which changed my entire gameplan. Holding the .236 made me more inclined to say bullrun 100% over and mirroring march 2020 covid crash.
Anyways... we need a few days to pass to really know what's going on.
This is my most recent post as of 10/27/2021... and this is what I think... I am not confident with it. Just... what I would be most inclined to guess with... right now.
I know bitcoin just went to new alltime highs. 2019 didn't make an alltime high when it did that. BUT. BUT! It looks similar. Visually, it is SIMILAR.
I know that the daily RSI made a higher high with higher price. I can tell you that the 3day made classic bearish divergence. The weekly was making classic bearish divergence. I trust 3 day and weekly over just the daily... any day.
I know you think 100k or 300k will happen. I flat out don't. I think you're being fooled by the whales so they can take your money.
I'm basing this on what I see and what I see is... this is very similar structure... it's different in ways... but similar in others...
I really do think the economy is going to be obliterated very soon. The president of the united states has told us a meteor is coming to the economy.
The vice president told us to do christmas shopping early because something would happen.
William shatner warned of a coming catastrophic event then quickly shut up.
there's grocery stores with no food right now. not a lot but a few. Grocery stores have cardboard cutouts of food to hide the fact that they don't have food. Just getting all set up for another "oh my god there's no food in the stores" moment like march 2020.
Truckers aren't delivering goods to america right now. The ports are completely shut down.
Don't you guys feel the doom like I do?
If you're a hodler you don't. You think bitcoin survives everything.
Anyways... If this chart continues to mirror 2019/2020... my new downside target is 4900$ bitcoin. 4900$ is a 1.618 fib extension down. The march 2020 covid crash did a 1.618 fib extension down. You can see it clearly on the bottom chart here.
Ask yourself a question....
Does this sound crazy...?
3k bottom in january 2019. (already happened)
4k bottom in march 2020. (already happened)
5k bottom in december 2021. (what my 1.618 fib extension shows)
Is that really so insane when you look at it like that?
2019 - 3k.
2020 - 4k.
2021 - 5k.
Scroll my top chart down to see the 1.618 fib extension. It's way down there. If our economy is about to be obliterated... this is what is going to happen. This is the worst case scenario. This is what happens if the president of the united states is going to cause complete destruction.
___
___
I am not saying that this is definitely happening yet. I am saying... I am WATCHING for price to continue to move like this. I did not expect it to hold as support on the .236 like it's doing right today... which changed my entire gameplan. Holding the .236 made me more inclined to say bullrun 100% over and mirroring march 2020 covid crash.
Anyways... we need a few days to pass to really know what's going on.
This is my most recent post as of 10/27/2021... and this is what I think... I am not confident with it. Just... what I would be most inclined to guess with... right now.