Bitcoin's Bloodbath: Low 40Ks Next | Super-Awesome In 2025
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Do you remember Bitcoin?
Do you remember what the situation was like earlier this month?
This is the exact same situation in which we are still in; a major crash is upon us!
Three weeks. Since the start of the year, bearish consolidation tends to last for three weeks.
Now, before I go too much on the timing, let me say that it can be extended, between 3-5 weeks based on the action we saw between April and June, but I believe this to be an anomaly rather than the norm.
If we add three weeks to the 5th of August, that gives is the 26th of August. On the 26, three weeks would have elapsed since the major low.
➖ Technical analysis
No recovery so far. The current session still trades below the 5-Aug. wick high of $62,770. This is the peak since the crash and nothing higher in the last two weeks.
Each time there is some bullish action, a strong rejection takes place.
Just as we saw Bitcoin sideways being activated, we can also see how a major barrier is now in place.
➢ How will the market react?
It all depends on the speed and strength of the crash.
Say that Bitcoin starts moving down slowly rather than fast. This is possible because there is still plenty of time until the elections and even more until 2025 when the bullish action starts. So there is plenty of room for prices to swing, move, shake and fluctuate.
If the drop starts slowly, the rest of the market can remain intact and the altcoins we are seeing bullish can even grow.
If instead we get a fast crash, there will be extreme panic. All these people that doubted Bitcoin's bearish phase will doubt no more. Remember, this is a phase that is almost six months old and some people still believe that we are not going down, instead we are going up. These people will freak out badly when Bitcoin moves again below 50K. The difference this time is that there won't be a recovery like early August, this time it will move lower and lower until the bottom is hit and then a very slow and drawn-out recovery will take place.
I am early as usual but this is just a friendly reminder.
The altcoins will suffer without a doubt but only initially. The small ones just for a few days. The BTC pairings can even grow strong on the drop.
The mid-size and big ones will crash together with Bitcoin; it will be wild, it will be crazy, the news will turn from friendly and supportive, to extremely negative and damaging.
Everybody will start pointing fingers and the big market participants will start blaming each other; nobody saw this coming; nothing can be predicted... Blah, blah, blah. Etc. etc. The classic market dynamics will continue to play.
The whole situation is positive.
The major crash will open the doors for new players, will open the doors for low prices, will kick-off the start of the next major bull-market phase.
We are reaching the end.
Once we hit bottom, there is no other place left to go but up.
About 90% of the altcoins already bottomed, only 10% are left and these are mostly big ones.
Once the correction is over, we can start to focus on success, accumulation, positiveness, enlightenment and long-term growth.
It will be an amazing ride, but it will get worse before getting better. It will be bad but this is only temporary and if you are prepared, you won't even feel it as something incredible, it would be just a normal correction as the market always does.
Sit back, watch and relax. Everything is about to turn really fun.
It is my pleasure to write for you... Prepare for the crash, it will be maximum 1-2 months. After September, we are likely to start growing, if not September then November, but no farther... In 2025, Cryptocurrency is going to be awesome; Bitcoin will do great.
Namaste.
Do you remember what the situation was like earlier this month?
This is the exact same situation in which we are still in; a major crash is upon us!
Three weeks. Since the start of the year, bearish consolidation tends to last for three weeks.
Now, before I go too much on the timing, let me say that it can be extended, between 3-5 weeks based on the action we saw between April and June, but I believe this to be an anomaly rather than the norm.
If we add three weeks to the 5th of August, that gives is the 26th of August. On the 26, three weeks would have elapsed since the major low.
➖ Technical analysis
No recovery so far. The current session still trades below the 5-Aug. wick high of $62,770. This is the peak since the crash and nothing higher in the last two weeks.
Each time there is some bullish action, a strong rejection takes place.
Just as we saw Bitcoin sideways being activated, we can also see how a major barrier is now in place.
➢ How will the market react?
It all depends on the speed and strength of the crash.
Say that Bitcoin starts moving down slowly rather than fast. This is possible because there is still plenty of time until the elections and even more until 2025 when the bullish action starts. So there is plenty of room for prices to swing, move, shake and fluctuate.
If the drop starts slowly, the rest of the market can remain intact and the altcoins we are seeing bullish can even grow.
If instead we get a fast crash, there will be extreme panic. All these people that doubted Bitcoin's bearish phase will doubt no more. Remember, this is a phase that is almost six months old and some people still believe that we are not going down, instead we are going up. These people will freak out badly when Bitcoin moves again below 50K. The difference this time is that there won't be a recovery like early August, this time it will move lower and lower until the bottom is hit and then a very slow and drawn-out recovery will take place.
I am early as usual but this is just a friendly reminder.
The altcoins will suffer without a doubt but only initially. The small ones just for a few days. The BTC pairings can even grow strong on the drop.
The mid-size and big ones will crash together with Bitcoin; it will be wild, it will be crazy, the news will turn from friendly and supportive, to extremely negative and damaging.
Everybody will start pointing fingers and the big market participants will start blaming each other; nobody saw this coming; nothing can be predicted... Blah, blah, blah. Etc. etc. The classic market dynamics will continue to play.
The whole situation is positive.
The major crash will open the doors for new players, will open the doors for low prices, will kick-off the start of the next major bull-market phase.
We are reaching the end.
Once we hit bottom, there is no other place left to go but up.
About 90% of the altcoins already bottomed, only 10% are left and these are mostly big ones.
Once the correction is over, we can start to focus on success, accumulation, positiveness, enlightenment and long-term growth.
It will be an amazing ride, but it will get worse before getting better. It will be bad but this is only temporary and if you are prepared, you won't even feel it as something incredible, it would be just a normal correction as the market always does.
Sit back, watch and relax. Everything is about to turn really fun.
It is my pleasure to write for you... Prepare for the crash, it will be maximum 1-2 months. After September, we are likely to start growing, if not September then November, but no farther... In 2025, Cryptocurrency is going to be awesome; Bitcoin will do great.
Namaste.
Anmerkung
I wasn't aware of the speech by the guy at the FED but this is going to be irrelevant as usual. They are going to do exactly what has been planned for year. They are going to cut/reduce interest rates, regardless of what they say on their comments, speeches, etc. It is planned years in advance.
Seeing Bitcoins price slightly bullish before the events, signals that the price will drop after the event.
It will be bearish on Bitcoin's price, the traders reaction.
The thing should be "positive" in some sense/way, the perception by the general public.
Anmerkung
So the drop, bearish continuation, will start late August and will end after mid-September. Say, after the 15th of September and before the 23-20th September. Around the 19th.
It will be the biggest bearish impulse in a long while.
Prepare...
Anmerkung
The liquidation play is on!
How do I know this is liquidation move?
Because the altcoins vs bitcoin pairs continue to grow...
When Bitcoin resumes higher all these pairs immediately stall.
Right now they continue bullish.
Watch out, this can be an over leveraged short liquidation play.
Bitcoin continues extremely bearish below 70/74K.
Don't let the short-term cloud your vision.
Namaste.
Trade ist aktiv
Bitcoin continues on a path toward a major lower low. The climax/end of the correction is approaching.
We are likely to experience an accumulation phase after the correction low/bottom is in.
Move to the Altcoins.
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🔝 Daily Cryptocurrency Technical Analysis
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🚨 Free PREMIUM Trade-Numbers
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