Potential Expanded Flat May Suggest MAJOR Bitcoin CRASH Upcoming
Here is a potential major expanded flat in formation from my perspective. If this turns out to be the case then a potential major crash may be in the cards.
I firmly believe that the correction that began in 2021 has not completed the correction of the preceding cycle from the 2011 trough to the 2021 peak.
It shouldn't be long before this potential count gets invalidated or not.
In my humble opinion........
I firmly believe that the correction that began in 2021 has not completed the correction of the preceding cycle from the 2011 trough to the 2021 peak.
It shouldn't be long before this potential count gets invalidated or not.
In my humble opinion........
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JPMorgan CEO Jamie Dimon Urges the U.S. Central Bank to Delay Rate Cuts, Defends Right to Buy Bitcoin
Quote:
"Known for his critical stance on Bitcoin, Dimon maintained his skepticism about the cryptocurrency’s practical uses. CNBC reported that he associated a lot of Bitcoin’s usage with illicit activities. However, Dimon also defended an individual’s right to purchase Bitcoin, stating, “I don’t know what the bitcoin itself is for, but I defend your right to smoke a cigarette, I’ll defend your right to buy a bitcoin. I won’t personally ever buy a bitcoin.”
End quote.
Apparently the ELITE Jamie Dimon will more than gladly sell you Bitcoin, but he himself won't buy any.................. But hey, what does he know, right?
In my humble opinion..........
Quote:
"Known for his critical stance on Bitcoin, Dimon maintained his skepticism about the cryptocurrency’s practical uses. CNBC reported that he associated a lot of Bitcoin’s usage with illicit activities. However, Dimon also defended an individual’s right to purchase Bitcoin, stating, “I don’t know what the bitcoin itself is for, but I defend your right to smoke a cigarette, I’ll defend your right to buy a bitcoin. I won’t personally ever buy a bitcoin.”
End quote.
Apparently the ELITE Jamie Dimon will more than gladly sell you Bitcoin, but he himself won't buy any.................. But hey, what does he know, right?
In my humble opinion..........
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News
Sweden’s Central Bank Chief Wants 'as Little Bitcoin as Possible' in Country's Financial System: Bloomberg
Quote:
"Sweden's central bank governor wants as little bitcoin {{BTC}} as possible in the country's financial system, Bloomberg reported Tuesday.
"It's an instrument that is impossible to value, and in practice it's based on pure speculation," Riksbank Governor Erik Thedeen said to reporters after a parliamentary hearing on monetary policy.
Thedeen cited the collapse of crypto exchanges to support his position at a time when the cryptocurrency market, led by bitcoin, is experiencing a record-breaking bullish run.
"We have seen exchanges in the U.S. collapse and individuals losing money," he said. "Right now there's a surge, but we have seen the value collapsing not long ago, and it is important to warn people who believe there is no limit and that there's free money to be made."
End quote.
Sweden’s Central Bank Chief Wants 'as Little Bitcoin as Possible' in Country's Financial System: Bloomberg
Quote:
"Sweden's central bank governor wants as little bitcoin {{BTC}} as possible in the country's financial system, Bloomberg reported Tuesday.
"It's an instrument that is impossible to value, and in practice it's based on pure speculation," Riksbank Governor Erik Thedeen said to reporters after a parliamentary hearing on monetary policy.
Thedeen cited the collapse of crypto exchanges to support his position at a time when the cryptocurrency market, led by bitcoin, is experiencing a record-breaking bullish run.
"We have seen exchanges in the U.S. collapse and individuals losing money," he said. "Right now there's a surge, but we have seen the value collapsing not long ago, and it is important to warn people who believe there is no limit and that there's free money to be made."
End quote.
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Update the 15 min chart to a line chart. Notice potential top pattern BREAKOUT!
In my humble opinion!
In my humble opinion!
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NICE! Top pattern reached target!
IMHO
IMHO
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Notice the snapback?
In my humble opinion
In my humble opinion
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New idea idea posted under title:
Potential Bitcoin BEARISH Expanded Flat Pattern & Time
Potential Bitcoin BEARISH Expanded Flat Pattern & Time
Comment:
Allow me to post my favorite quote by Mr.Soros
"Economic history is a never-ending series of episodes based on falsehoods and lies, not truths. It represents the path to big money. The object is to recognize the trend whose premise is false, ride that trend and step off before it is discredited."
-George Soros
"Economic history is a never-ending series of episodes based on falsehoods and lies, not truths. It represents the path to big money. The object is to recognize the trend whose premise is false, ride that trend and step off before it is discredited."
-George Soros
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My new idea posted under title:
Meme Coins Like PEPE Pay Out MORE Than Bitcoin
Meme Coins Like PEPE Pay Out MORE Than Bitcoin
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When something appears overbought I like to see news articles like this in its regard, in my humble opinion:
Quote:
"Samson Mow Gives Reasons Why Bitcoin Price Could Reach $1 Million This Year"
Quote:
"Samson Mow Gives Reasons Why Bitcoin Price Could Reach $1 Million This Year"
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NOW THIS my friends is a good article, in my humble opinion....
Mar 13, 2024
Bitcoin price entering ‘euphoria’ zone amid wealth rotation from ‘HODLers to new investors’ — Data
Mar 13, 2024
Bitcoin price entering ‘euphoria’ zone amid wealth rotation from ‘HODLers to new investors’ — Data
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New idea posted, titled:
Potential bitcoin H&S Top Pattern
Potential bitcoin H&S Top Pattern
Yes I think that's what I will do.