Incoming $1trillion dollar correction for crypto people...

18 dic 2024

** weeks ahead **

Is the market top in? This next move in the market will certainly convince the crypto folks that it is.

According to social media, Youtube influencers etc.. the bull run is just beginning.
That is in despite of a swathe of News article headlines “Bitcoin reaches new all time high 100k” and the janitor I have not spoken to in 10 years asking me if I'm buying Bitcoin.

The signs are there.

On the above 6 day chart, the TOTAL crypto market capitalisation, currently 3.57 trillion dollars price action has risen 46% since the November breakout. A number of reasons now exist for a bearish outlook:

1) Price action and RSI support breakdowns. Indeed the November breakouts requires confirmation of support on past resistance to allow for continuation. That's a long way down.

2) Support is exactly $1 trillion below at $2.57 trillion.

3) Price action is at a significant Fibonacci extension, look left.

4) This signal is found across the entire crypto market on both 6 day and weekly charts, in other words there is confluence across timeframes. That is important.

Is it possible speculators keep throwing good money after bad in the hope price go up? Sure.
Is it probable? No.

Ww

Bulls make money.
Bears make money.
Pigs get slaughtered.



TOTAL3 - Hanging man



OTHERS total - Hanging man

20 dic 2024

Trade attivo

Sell it all! Before it hits zero!

7 gen

Nota

$330 Billion up in smoke so far.. $660 billion to go...

9 gen

Nota

400B down... ready for the big crash?

12 gen

Nota

Is the mother of all red Mondays about to print?

2 day

13 gen

Nota

More than half a trillion dollars down the drain, $550 billion.
Max pain still to come.

2 feb

Nota

bear flag confirmed

18 feb

Nota

Still active, still half a trillion in capitulation to go..

l’altro ieri

Nota

Only 15% to go to complete the full trillion dollar correction, or liquidations! Take your pick.

l’altro ieri

Nota

There goes the $3 trillion threshold, Crypto bros can't see their tokens fast enough.

4 ore fa

Trade chiuso: obiettivo raggiunto

That's a trillion dollars wiped off the market as forecast (red circle).

Time to rotate back into you favourite alts and let the panicking herds fill your longs, no rush.. they use emotion, you don't they'll fill your orders.

The next leg up will be the last for at least 3 years.