Bitcoin vs 2019, March 2020: Covid Vaccines, Polio & World War 3

2024年10月24日

224 Days Bitcoin has been moving lower (sideways). I was calling the 2013/14 bullish wave a "recovery wave" based on the action that took place in early to mid 2019. The difference this time around is that Bitcoin went on to produce a new All-Time High but this was the map we were following.

The recovery wave in 2019 led to the March 2020 crash. After the peak in July 2019, Bitcoin went sideways with lower highs for exactly 224 days. The last five weeks of this time period produced a bounce, as we are seeing now, and then after one neutral and small red week the final crash leading to March 2020 happened. Nobody saw it coming.

We are in a very similar situation, Bitcoin's 2024 capitulation event.

The March 2020 crash lasted three weeks of strong bearish action, five weeks total. The first two weeks were a type of suspension at the top before the crash. The drop led to the testing, on a wick, of a low price range in late 2018/early 2019. Today, this would be equivalent to Bitcoin crashing to the same level at which it traded around October/September 2023, that is, on a wick. It would recover almost instantly from the low prices and then it would take a while to climb back up into strength.

Prepare for the crash. The longer it takes for this to happen the more painful it will be for the market. It has been already long enough, this means that the crash will be super strong. 43K is not the bottom.

Thanks a lot for your support.

Namaste.

2024年10月25日

トレード稼働中

The lower high is in. Yesterday's move had some potency but it was only volatility. The 70,000-71,000 price range resistance remains intact.

The March 2020 analog, the catalyst or the excuse that will be used by the media to claim the cause of Bitcoin's correction, is likely to revolve around the USA presidential election. If not this, remember we have global chaos on the war end so it can be anything.

Regardless of what people say caused the correction, the truth is that the market moves in waves and it moves based on how insiders trade. The whales are set to take profits and this will cause a major correction. Prices will drop because whales are going to sell. The proof is in the chart. The chart is bearish and Bitcoin is going down and we still have no major event to blame. If the selling and drop was because of the events that will transpire, prices should drop only after the event and we wouldn't be able to predict them. Since the drop is based on supply and demand and insider trading, we can know exactly what is going to happen next.

Bitcoin is going crash. We had plenty of warnings and plenty of time to act.

It will be awesome. Not the crash, the fact that this crash will set the corrective phase market low. When this low is in, we are finally able to go LONG. This means being bullish, being green, being happy and supporting the greatest Cryptocurrency project of all. Once the bottom is in, we will focus on the upside potential and long-term growth.

Bitcoin is going down, only momentarily as part of a correction. As soon as the bottom hits it will go up for years to come. We will have a massive bull-market in 2025, mark my words.

Thank you for your continued support.

Namaste.