Looks like the FUD this cycle is quantum computing fears.
I must admit... they are getting more creative each cycle.
Once again, it’s always convenient how this “news” shows up right when $BTC is -50%.
They might fool 90%, but they do not fool me.
Hindsight, its obvious.
Weekly Close... $BTC
Currently, the weekly close is not looking particularly pretty. We first formed a long wick (entire pump retraced). The following candle filled the entire wick and closed above 71.4K highs.
The next wick (last week’s wick) swept above the highs and instantly retraced the entire pump, violently pushing price back down.
I observe things from a psychological standpoint, (what does this tell us, who was trapped, who is exposed, and what’s likely to happen next?)
Well, as of now, longs have been obliterated, continuation longs, breakout longs, and even mid-range longs. We have a CME gap at 70K which is yet to be filled and can act as resistance on a revisit. If we push to 70K this week, observe the reaction, a rejection confirms the trend is very bearish on the LTF.
In terms of key structure we need to hold... the monthly open sits at 66.9K, which is something to observe for a reaction/acceptance above. However, the key areas on the HTF sit around 65.9K down to 64.7K. Lose that and bulls can say goodnight, because sub-60K is coming.
Until then, I think its plausible to expect a bearish retest before continuation lower. It’s clear bears are in control, retracing the move right back into range.
In my opinion, all I see is a push to the CME gap to bait late shorts, and then a continuation lower. Again, CMEs can take a while to fill, but eventually, they fill.
BIGGEST BUBBLE BUST
I do not know what pin, what event will pop the biggest bubbles in histor. What ever the event, the pin is near.
It’s not IF. It’s WHEN.
When the bubbles go bust I predict gold will hit $35,000 an ounce one year after the gold bubble goes pop..
I predict silver to hit $200 an ounce a year after the bust.
I predict Bitcoin will hit $ 750,000 a coin a year after the crash.
And i predict Ethereum to be $95000 a year after crash.
What do you think prices will be a year after the next GFC?
Time to get richer?
🔴🎙 GOING LIVE IN 15 MINUTES - MARKET HEADLINES BREAKDOWN
Join the live session and let’s break it all down together. 👇
https://t.co/30yGIokphL
Going live at 1:00 PM Eastern Standard Time to break down the latest market headlines and see what the charts are actually telling us. 📊
The media is talking about:
🛢 Oil nearing $100 as Middle East conflict widens
⚔️ Iran war headlines and oil supply disruption
📉 Stocks sinking across the market
🪙 Gold reacting to inflation and rate cut expectations
But the real question is:
🧠 Are the headlines actually driving the market… or is something else happening behind the scenes?
In this live session we will:
📊 Look behind the market headlines
📉 Break down what the charts are actually showing
🔥 Review trending tickers moving right now
Trending tickers we’ll take a look at include:
₿ BTC-USD
📉 PATH
📉 HIMS
📉 DG
📈 FLY
👇 Follow and hit the 🔔 notification bell to stay ahead of the move!
1/ An investigation into how the influencer Crypto Rover ghosted a project he was paid to promote, mislead followers about his trading positions, and also his shills for pump and dump meme coins.