A Major Move In The Making... Subtle & Not So-Subtle Signals

9 ago

This is the situation I am in... This is a personal story...

Good day my beloved reader, you are truly appreciated.
Your time and attention is respected, so I will get straight to the point.

I like to see Bitcoin "high up." I like Bitcoin trading at high prices.
I bought in early January 2024 because my friend told me that it was easy to reach $100,000 in several weeks, at max., a few months... Was my friend wrong? I don't know, but I am holding strong.

I don't know about charts. I cannot read charts.
All I know is that Bitcoin is safe and strong above 60K.
Whenever I see Bitcoin below 60K, I become very nervous. Not nervous in the sense of mental nervousness, but my body starts to shake. Like deep internal anxiety.

Since I don't know about price dynamics nor technical analysis, I just know the price; down or up. As long as Bitcoin trades above 60K. I feel safe; the market is surely strong.

Before the 5th of August, every single price bounce would lead to 70K. Back in those days, I would feel very safe above this level; 70K. Whenever Bitcoin dropped below 70K, I would worry thinking that something strange is going on.

I don't know what happened, but 70K is now a dream of the past, but after 7 months of hold, 60K seems strong.

Bitcoin peaked March 2024 and has been going down... My dream shattered but not for long. I am still hoping for 100K, soon. Will I sell if it reaches 100K? Not really, but I just want to see it go up.

My plan is simple: Buy and hold.
No leverage of course, or else I would have my position liquidated on the next major drop.


A Major Down-Move In The Making!

The cryptocurrency is the best invention, innovation, since the Internet. It is truly the best technology in this 21st century.

➖ Crypto (Bitcoin) is the future of finance.
➖ Cryptocurrency is money.

We are not there yet.

While the market fluctuates, prices alternate between down and up; many people become desperate hoping for their side "win," for their moment to come. The market has no sense of timing; the market doesn't really care. Whatever is going to happen will happen, regardless of what the participants want, hope or project.

Bitcoin peaked March 2024. The talk was all about "the start of the bull-market." Sustained long-term growth. So far, 2024 has been characterized by the cryptocurrency market moving down, not up. This can be good.

This is good news because; once we hit bottom, the only place left to go is up.
We know we will have green all across next, because right now the market is red, but we have not reached the end.

The end of the correction is not over, and that's ok.
One major drop still in the making and this will be followed by ultra-high volatility and still another 2-3 major shakeouts before the bottom is fully in.

The bottom is a process and it doesn't end in a single day or week. It can take weeks to form a bottom, sometimes months.

The whales still have billions to sell and the funds are already distributed across the exchanges.

What you think will happen when Bitcoin crashes and stays below 50K?
Panic will set in and that's when the real capitulation will take place.

Patience is key.

Look at the volume on this chart.

Only high volume lines are red.
There is no significant buying volume on BitFinex since the correction reached its end.

BitFinex leads the market.

Thank you for reading.

Prepare for the crash.

It is only weeks away.

This is a friendly reminder.

It is not too late.

Namaste.