I have been calling more downside on BTC next couple of months and here is why?
I want to see us:
- Go negative in unrealized Profit and Loss
- At least hit 0.73 * TMM of BTC
- Im expecting TMM to fall going the next couple weeks so expect the level mentioned to fall even more.
- Need to go below Realised Price
- Would love for us to touch Capricole electrical Cost and lowest bound of production Cost.
Calling for a fall somewhere between $45K and $55K in the next 4 months.
The way id play it is:
1) Start adding to your Spot bags from now all the way till December with bigger buys the more we fall, Time and Price based averaging.
2) If we push to around $68K on any relief rally I would like to leverage short this move. (15%-20% move.)
[ Ill be looking for us not to accept lots of volume at 68k-72K range, see aggressive buyers getting trapped and would like SOPR > 1 at this point]
3) If we just grind lower id look to Leveraged long once all the things I want to see happen.
For now ill wait and see.
To be a top 10% (post tax) earner in the UK
You need to make £4118
You are top 10% of a developed nation with £4118 to pay rent, food, bills etc
And they are talking about tax the rich?
They are taxing the poor
IN CASE YOU MISSED IT
THE BITCOIN BOTTOM IS DEFINITELY IN (OR NOT)
After carefully reviewing every macro model, every on-chain metric, every technical indicator, every ETF flow, every podcast from Bankless, and one GIF of Leonardo DiCaprio raising a glass:
…I have concluded that Bitcoin has either:
* put in the bottom,
* is about to put in the bottom,
* already put in the bottom we haven’t recognized yet,
* or is saving the real bottom for dramatic effect.
I am assigning a 97% probability to whichever outcome eventually happens and look forward to reminding everyone how obvious it was all along.
My confidence remains extremely high, provided Bitcoin continues behaving exactly as expected. If it does something unexpected, my confidence will remain equally high after a brief reclassification of the current market structure.
I look forward to reminding everyone in six months that the bottom was, in fact, completely obvious and that anyone who missed it simply wasn’t paying attention to the subtle clues—namely the seventeen contradictory indicators, the twelve experts who all disagreed with one another, and the guy on Crypto Twitter who replied “few understand.”
Get your $aura up
The next few weeks will be BRUTAL for $BTC
A lot of people will get trapped
Some will long the fake breakout and become bullish at the exact top
Some will short too early, get squeezed, then flip long right before the real dump
Others will change their entire bias after every single candle
I remember exactly what happened on the road to 81-84k
Same confusion. Same traps. Same mistakes.
And guess who shorted that zone all the way to 57k? 🏴☠️
My short is STILL open for a new low
Final $BTC target: 45-55k
That’s where I’ll start buying spot
Don’t miss the next moves 👇
https://t.co/RZb5wJScif