Ethereum Flippening - Fear, Greed, and False Hope
To begin, I want to tell you that you should not have faith in digital currencies. The rogue faction within the Chinese Communist Party is, and has been for years, behind the scenes. Wall Street are, and has been for years, the Party's abettors and blood transfusors.
I also want to tell you that global markets in general are about to experience something far more trying than a recession. Humanity is entering something worse than The Great Depression, or even "The Greatest Depression." Humanity is on the cusp of what I call "The Great Destruction."
In this process, the target of the controlled demolition by the establishment Red Cult is primarily middle class ordinary people. It's something like a test. Whatever vices you have will be exploited to bring your downfall.
Greed and fear are what moves you and they are why the market moves as it does.
Consider that research from the London School of Business found retail traders gambling on options on Robinhood via "the bros" at r/WallStreetBets lost $5 billion USD during the greatest bull run in the history of stocks.
Consider that
SI1!
and
GC1!
are on their way back to three and one digit respectively after people were told to get out of the US petrodollar because of its alleged coming collapse as the global reserve currency.
Consider that interest rates are about to be hiked to the point that people can't afford their mortgages.
Consider that
WTI1!
and
NG1!
will dump and then print numbers like $180 and $15 before the year is out and you won't be able to afford to drive your car or heat your apartment anymore.
Consider that Bitcoin is down 60% from its all time highs and showing no signs of life. There's no "web3 revolution," there's just bag holders because Central Bank Digital Currencies will destroy the industry and they are already en route.
Consider that the stock market is down 25-30% YTD and 2021's prices are _never_ coming back.
These are all things the middle class have been told by "experts" to trade their cash for because of various reasons, especially ones like the fallacy that the
DXY
is about to devalue and be depreciated.
You're about to get your chance to chase the moon again, though. The Flippening is coming.
For this trade concept to work, it will rely on
ETHBTC
to reach 0.25 as it will happen at the same time that BTC plummets towards $15k. This will result in Ethereum taking the #1 marketcap position away from Bitcoin.
Ethereum will give you hopium amid widespread doom. You will believe that you are on the cusp of a new paradigm. People will put in what little they have left and start taking out payday loans and spending their HELOCs to buy, not wanting to miss the race to $5,000 and $10,000.
Based on what I have foreseen, Ethereum is about to have an unpleasant and uncomfortable pullback towards the July open. This is a buying opportunity. The target is under $4,000. The RR on this trade is like 9:1.
Don't short Ethereum. You will die.
Don't hold Ethereum. You will die.
Cash is King. Buy gold and silver when they're in the dumpster and return to tradition. Digital currencies are without a future. All are fated for $0.00.
I also want to tell you that global markets in general are about to experience something far more trying than a recession. Humanity is entering something worse than The Great Depression, or even "The Greatest Depression." Humanity is on the cusp of what I call "The Great Destruction."
In this process, the target of the controlled demolition by the establishment Red Cult is primarily middle class ordinary people. It's something like a test. Whatever vices you have will be exploited to bring your downfall.
Greed and fear are what moves you and they are why the market moves as it does.
Consider that research from the London School of Business found retail traders gambling on options on Robinhood via "the bros" at r/WallStreetBets lost $5 billion USD during the greatest bull run in the history of stocks.
Consider that
SI1!
and
GC1!
are on their way back to three and one digit respectively after people were told to get out of the US petrodollar because of its alleged coming collapse as the global reserve currency. Consider that interest rates are about to be hiked to the point that people can't afford their mortgages.
Consider that
WTI1!
and
NG1!
will dump and then print numbers like $180 and $15 before the year is out and you won't be able to afford to drive your car or heat your apartment anymore. Consider that Bitcoin is down 60% from its all time highs and showing no signs of life. There's no "web3 revolution," there's just bag holders because Central Bank Digital Currencies will destroy the industry and they are already en route.
Consider that the stock market is down 25-30% YTD and 2021's prices are _never_ coming back.
These are all things the middle class have been told by "experts" to trade their cash for because of various reasons, especially ones like the fallacy that the
DXY
is about to devalue and be depreciated. You're about to get your chance to chase the moon again, though. The Flippening is coming.
For this trade concept to work, it will rely on
ETHBTC
to reach 0.25 as it will happen at the same time that BTC plummets towards $15k. This will result in Ethereum taking the #1 marketcap position away from Bitcoin. Ethereum will give you hopium amid widespread doom. You will believe that you are on the cusp of a new paradigm. People will put in what little they have left and start taking out payday loans and spending their HELOCs to buy, not wanting to miss the race to $5,000 and $10,000.
Based on what I have foreseen, Ethereum is about to have an unpleasant and uncomfortable pullback towards the July open. This is a buying opportunity. The target is under $4,000. The RR on this trade is like 9:1.
Don't short Ethereum. You will die.
Don't hold Ethereum. You will die.
Cash is King. Buy gold and silver when they're in the dumpster and return to tradition. Digital currencies are without a future. All are fated for $0.00.
Comment:
I expect this to bottom around $1,479 and sharply turn around. Today's action was not the bottom.
Comment:
Everything took a lot longer than expected, and also never dipped.
The real question here, is as Bitcoin is plummeting to new lows but the ETH PoW merge is also ~Sept. 15, does Ethereum stop at $1,100, or does it crush $800 before turning around sharply?
It's very difficult to trade! Buy spot and DCA and stay away from leverage if you want to buy these dips.
The real question here, is as Bitcoin is plummeting to new lows but the ETH PoW merge is also ~Sept. 15, does Ethereum stop at $1,100, or does it crush $800 before turning around sharply?
It's very difficult to trade! Buy spot and DCA and stay away from leverage if you want to buy these dips.
Comment:
This whole $1520-$1670 range after the $300 gap down has been stitched over the course of several days.
Seems a sharp descent lies ahead.
Seems a sharp descent lies ahead.
A big climax and a bad hangover is the only thing that's going to stop this Party.
Is not time for moon yet.