Post one most worst scenario perdiction for #Bitcoin, ppl may laugh at this, they will say 'No way, miner captiulation, bitcoin gone'. How abt 80% miner gone, and all rewards go to 20% remaining miner, that may keep the ROI balance. Means #Bitcoin could survive even at 1K.
#BTC will follow the S&P500 and goes down, this is my personal expectation, why goes down is good for everything? you have to understand nothing is pumping forever.
if #BTC correlated to #SPX500 then #BTC is bearish, if it is not correlated, we could still wait for a while to see its direction, why ppl scare about bearish? you could still short the market.π
Oct shld be the month for #BTC direction and decision making, upside or downside, personally, I prefer buy #BTC with discount, 2022 down to 5-6K? that's perfect for me, hopefully how quick we drop how quick we end the bear market.
Oct shld be the month for #BTC direction and decision making, upside or downside, personally, I prefer buy #BTC with discount, 2022 down to 5-6K? that's perfect for me, hopefully how quick we drop how quick we end the bear market.
if #BTC correlated to #SPX500 then #BTC is bearish, if it is not correlated, we could still wait for a while to see its direction, why ppl scare about bearish? you could still short the market.π
Just watch how #BTC plays in Oct, once the monthly chart MACD cross, normally the history repeats, ensuare your direction is correct, no matter long or short, you could still make money, bear market, bull market, whatever.
I saw KOLs said #BTC is bullish, but look at the higher timeframe picture, I dont think so, if the history repeat, seems it is bearish, of course, right now the selling presure still there from my TA, need to confirm when sell/buy power is balance next month, and the direction.
I saw KOLs said #BTC is bullish, but look at the higher timeframe picture, I dont think so, if the history repeat, seems it is bearish, of course, right now the selling presure still there from my TA, need to confirm when sell/buy power is balance next month, and the direction.