Hello friends.
This is our primary wave count for Bitcoin. It's the scenario where we set up the ultimate trap for retail idiots and take them for absolutely everything. They will have NOTHING when this is done. Send it up in one last epic push and make their monkey brains press the buy button, and then Bitcoin experiences the most epic crash of all time.
During the final push, we want to see:
People finally start buying back in, sentiment improves and becomes euphoric
Lots of exit liquidity pours in, Bitcoin likely reaches as high as $38,000 or even a tad higher
Whales fully exit their bags, shrimps accumulate large positions (already happening currently)
Huge pump for alts that lagged behind BTC at the end of it
During the epic crash, we would expect most/all of these things to happen:
Saylor gets liquidated on his margin loan and Microstrategy has to dump all their Bitcoin ($3,734,000,000 worth!)
Several more exchanges go bankrupt/get hacked/rug pull
90%+ of all Bitcoin miners go bankrupt, only the ones stealing energy continue to operate ""profitably""
Greyscale Bitcoin ETF finally gets liquidated and $16,849,000,000 worth of Bitcoin gets dumped onto the market since it's trading well below NAV and needs to be arbed
USDT and other stablecoins permanently depeg
Many of these events can cause massive candles to the downside and liquidate lots of overleveraged traders. It will be a great show.
After all of it:
The earth is purged of the tumor that is Bitcoin. The people rejoice.
This is our primary wave count for Bitcoin. It's the scenario where we set up the ultimate trap for retail idiots and take them for absolutely everything. They will have NOTHING when this is done. Send it up in one last epic push and make their monkey brains press the buy button, and then Bitcoin experiences the most epic crash of all time.
During the final push, we want to see:
People finally start buying back in, sentiment improves and becomes euphoric
Lots of exit liquidity pours in, Bitcoin likely reaches as high as $38,000 or even a tad higher
Whales fully exit their bags, shrimps accumulate large positions (already happening currently)
Huge pump for alts that lagged behind BTC at the end of it
During the epic crash, we would expect most/all of these things to happen:
Saylor gets liquidated on his margin loan and Microstrategy has to dump all their Bitcoin ($3,734,000,000 worth!)
Several more exchanges go bankrupt/get hacked/rug pull
90%+ of all Bitcoin miners go bankrupt, only the ones stealing energy continue to operate ""profitably""
Greyscale Bitcoin ETF finally gets liquidated and $16,849,000,000 worth of Bitcoin gets dumped onto the market since it's trading well below NAV and needs to be arbed
USDT and other stablecoins permanently depeg
Many of these events can cause massive candles to the downside and liquidate lots of overleveraged traders. It will be a great show.
After all of it:
The earth is purged of the tumor that is Bitcoin. The people rejoice.