@DaveHcontrarian@pinnacledigest Global uncertainty index breaking records. Tariffs, trade wars, debt, AI, Iran, stock bubbles etc
No one will be uncertain nor will they be calling it a bubble at the top.
GM. “How to buy Bitcoin” on Google Trends is reaching near all-time-high levels, close to 2017 territory. It looks like the world is finally waking up.
@beachainbtc@AirDude11@alan68284891 I think the likelihood is you had your right shoulder. I think we might see a bit more downside to 55,000 then a big rally. That rally might take it back up to 110,000 but more likely 85,000 or maybe 100,000.
2013 déjà vu
🟢 Multiple rejections at the mid-line of the PL channel
❌ "Top is in" calls
🌊 Wave 5 breaks blue mid-line decisively
Target ⓹
$400k now - $500k EOY
Invalidation wave ⓹-(5)-5: < $31k
Implies wave ⓹-(5) is final --> BM since '09 starts correcting to ~④
A small sample of what will be included in Part 2 (altcoins) of the vids I am working on right now.
The people that are saying $CRV is dead today are the same ones who would have said Silver was "dead" at $4.89 and XRP was "dead" at 50 cents.
They would have faded both at high timeframe, macro bottoms, before some of the most aggressive expansion phases we have seen in years on both respective assets.
After forming an accumulation base over 4 years in it's own HTF range, $XRP ran 6x to range highs in under a month.
$CRV now looks to be wrapping up the final phase of it's own 5.5 year long accumulation base. How long do you think it will take to hit it's own range highs?
Metals are in big bull markets that have much more to go.The steep sell-off sets them up for another even steeper leg up.I am raising my gold target to $6800 from $5500 & silver to $180 from $125.Also raising my miner targets to the following:GDX $180,GDXJ $250,SIL $220,SILJ $90.
Some background on the quoted tweet below:
So the question was- "Cred, what if we hit 74k, confirming our $BTC top in in fact in?"
And my response was: "If that's the case, then our alt season comes sooner rather than later."
As I have stated many times, the biggest alt season is expected to happen post $BTC top, NOT before.
The quoted tweet was then the response which basically asked "why would we see an alt season if we haven't seen one yet despite the "top" being in (hypothetically, assuming 74k is breached)."
My chart below is a response to that, let's take a look:
In 2017, after our last cycle ended, Bitcoin topped at the GREEN dotted line at 20k on December 17th.
Bitcoin then dropped 50% to 10k denoted by the RED dotted line.
After THIS point, following a 50% drop on Bitcoin post BTC top, we had our MASSIVE alt season which sent total alt marketcap from 170B (the day BTC hit 10k) to nearly 500B, or 3x off the lows, and new ATH.
The major alt season of 2017 that everyone so fondly remembers, didn't actually begin until AFTER BTC had topped AND corrected 50% off the highs.
So hypothetically, even if $BTC has topped and 74k is breached, (playing devils advocate here, I don't expect this to happen) no, I am not selling my alts and yes, we will still see the greatest alt season of the decade imo and that won't change even if BTC corrects significantly off the highs first.