Behind The Scenes | Preparing A Bitcoin SHORT | Next Stop 43K
I am already preparing the numbers for the next Bitcoin SHORT... Join me in this behind the scenes episode of "the 2024 Bitcoin Crash."
➢ $49,000 is the 0.5 Fib. retracement level for the bullish wave from September 2023 through March 2024.
➢ The next level of importance is the 0.618 Fib. that now sits at ~$43,500.
We can definitely expect a bounce at this level. A natural reaction/pullback. When prices move opposite to the direction of the main move.
Now, we have the 0.786 Fib. afterward at ~$35,300 but this is the tricky part. The correction can end between 0.618 - 0.786 which would be give us a price of $39,400 or around $40,000, to keep it simple.
This would be it, the end of the correction, if we count the bullish wave as starting only in late 2023.
If we count the bullish wave as starting at the November 2022 low, then we get into the doom scenarios.
The market is too strong.
Too many people are active, live, wise, ready; they are ready for Bitcoin, ready for Crypto, ready to buy, ready to trade; we can assume that the worst possible will not come to pass.
We will set the correction low around 40K. This can wick to 35/36K, or, I don't know if it can stay higher... I don't think the whales and billionaires are that friendly they are going to inflict pain on us. But, on the giants defense, they gave us, retail, plenty of time to sell and take profits. In fact, Bitcoin is trading right now at $64,500+. This is a strong price.
For the beginners reading this:
➢ Any trading below $74,000 is ULTRA-BEARISH.
➢ Any trading below $70,000 and the bearish bias remains SUPER-STRONG.
To be honest, we've been having fun.
Anyway my friends, prepare to go short again as soon as Bitcoin hits 66K. You know, you have to do your own adjusting and all that, but the maximum momentum will hit in September and we might see something still in August but not many days left.
My dear bulls, we will play again when the correction bottom is hit.
You'll see, my specialty is on the bullish side; the market green.
Potential is limited to the downside.
We have unlimited potential to the upside.
Now, don't hate me just because I am adapting to market conditions, because I read the charts.
I cannot be bearish or bullish, I am neutral; I share what I see.
I am a translator; financial hieroglyphs.
I am also working toward your enlightenment, entertainment and personal growth.
This is not financial advice. Everything is shared here with the intention to help you grow.
We are all in this together, I hope that I can count with your continued support.
Trading is a complex game —we are wise, you need patience. Rarely ever we make mistakes.
We are no adjusting and preparing for the next move... What will you do?
Will you come out a winner this time around? Or, will you lose?
Remember the altcoins, from now on, they are always good.
Namaste.
➢ $49,000 is the 0.5 Fib. retracement level for the bullish wave from September 2023 through March 2024.
➢ The next level of importance is the 0.618 Fib. that now sits at ~$43,500.
We can definitely expect a bounce at this level. A natural reaction/pullback. When prices move opposite to the direction of the main move.
Now, we have the 0.786 Fib. afterward at ~$35,300 but this is the tricky part. The correction can end between 0.618 - 0.786 which would be give us a price of $39,400 or around $40,000, to keep it simple.
This would be it, the end of the correction, if we count the bullish wave as starting only in late 2023.
If we count the bullish wave as starting at the November 2022 low, then we get into the doom scenarios.
The market is too strong.
Too many people are active, live, wise, ready; they are ready for Bitcoin, ready for Crypto, ready to buy, ready to trade; we can assume that the worst possible will not come to pass.
We will set the correction low around 40K. This can wick to 35/36K, or, I don't know if it can stay higher... I don't think the whales and billionaires are that friendly they are going to inflict pain on us. But, on the giants defense, they gave us, retail, plenty of time to sell and take profits. In fact, Bitcoin is trading right now at $64,500+. This is a strong price.
For the beginners reading this:
➢ Any trading below $74,000 is ULTRA-BEARISH.
➢ Any trading below $70,000 and the bearish bias remains SUPER-STRONG.
To be honest, we've been having fun.
Anyway my friends, prepare to go short again as soon as Bitcoin hits 66K. You know, you have to do your own adjusting and all that, but the maximum momentum will hit in September and we might see something still in August but not many days left.
My dear bulls, we will play again when the correction bottom is hit.
You'll see, my specialty is on the bullish side; the market green.
Potential is limited to the downside.
We have unlimited potential to the upside.
Now, don't hate me just because I am adapting to market conditions, because I read the charts.
I cannot be bearish or bullish, I am neutral; I share what I see.
I am a translator; financial hieroglyphs.
I am also working toward your enlightenment, entertainment and personal growth.
This is not financial advice. Everything is shared here with the intention to help you grow.
We are all in this together, I hope that I can count with your continued support.
Trading is a complex game —we are wise, you need patience. Rarely ever we make mistakes.
We are no adjusting and preparing for the next move... What will you do?
Will you come out a winner this time around? Or, will you lose?
Remember the altcoins, from now on, they are always good.
Namaste.
Ghi chú
Seeing "dormant" Bitcoin addresses waking up is always a major bearish signal.
You never, ever, see dormant addresses waking up at a market bottom or within a bullish market. Now, when the market peaks, you start to see over and over, again and again, dozens and dozens of "ancient" Bitcoin wallets waking up; those wallets that have been dormant for 10-14 years.
Keep that one in mind... You will see it again in 2026.
Ghi chú
This is what I mean, this is a bearish signal:
Today:
💤 A dormant address containing 25 #BTC (1,597,432 USD) has just been activated after 11.0 years (worth 3,195 USD in 2013)!
Yesterday:
💤 A dormant address containing 64 #BTC (4,147,400 USD) has just been activated after 13.6 years!
22-Aug:
💤 A dormant address containing 19 #BTC (1,169,293 USD) has just been activated after 10.7 years (worth 15,452 USD in 2013)!
💤 A dormant address containing 54 #BTC (3,274,741 USD) has just been activated after 11.4 years (worth 10,174 USD in 2013)!
21-Aug:
💤 A dormant address containing 142 #BTC (8,457,465 USD) has just been activated after 10.8 years (worth 78,150 USD in 2013)!
It never happens in the bullish phase, always after the TOP/Peak of a bullish wave is in (within the bearish/corrective cycle).
Ghi chú
We might have to consider the worst case scenario rather than the best case. With geopolitical tensions being so high, the worst can truly come to past.
We might have to update our targets again. We will have to consider the lower range...
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🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
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🚨 Free PREMIUM Trade-Numbers
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