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File: 3.12 MB, 2432x1496, bear hopium.png [View same] [iqdb] [saucenao] [google]
13031094 No.13031094 [Reply] [Original]

UNCANNY OR NAH?

>> No.13031106

Thanks for this hopium OP

*SNOORTTTTT*

>> No.13031111
File: 7 KB, 225x249, CAF7D545-0E87-47C6-BCBD-F192AF25B5A5.jpg [View same] [iqdb] [saucenao] [google]
13031111

>>13031094
Oh man this is some good hopium

>> No.13031117

Its going to zero. Buy gold

>> No.13031118

>>13031094
Its happening!!!!

>> No.13031128

>>13031094
>unzips dick

>> No.13031132

>>13031117
Gold is going to zero.

>> No.13031159
File: 382 KB, 1594x2760, weareatorange.png [View same] [iqdb] [saucenao] [google]
13031159

>>13031094
Historically, capitulation occurs in two parts, separated by the blue triangle. Interestingly, all three times, the movements within the triangle were very similar. We see on the second leg up, a fakeout wick with a tall candle (orange circles) occur on high volume each time. For now, alts will keep mooning so whales can stack up, then, at some point it will be whales shittin' on whales. Price will drop sharply to sub $3k, and possibly low $2k to a wick below $2k on high volume. Each cycle is also getting longer clearly (had to make first cycle with daily candles).

Bitcoin is software money, programmed to be rigid and have minimal changes. All the changes are set, and the cycle we see now are a result of the design. The cost to produce a single BTC via a miner is easily $3k+/BTC for really efficient miners, up to $10k/BTC for the scrubs. The cost to produce a BTC will keep rising with each halving and hash rate bubbles.

Buy at least 1 BTC or stay poor (DCA). We going to $100k+ next cycle (estimated 2021/2022).

>> No.13031207

>>13031159

infographic needs some text explaining things i think

>> No.13031234

>>13031159
Why does everyone think 2k is the next support? Seems to me like the next support is 1.2k

>> No.13031309

>>13031207
Where do you need clarification? The part I should probably mention, starting from bottom chart:
3rd Cycle - MA 200 (red) and 400 (blue)
2nd Cycle - MA 110 (red) and MA 195 (blue)
1st Cycle - ~ MA 50 (red) and MA (blue) 100 (assumed)
Cycles are becoming longer, presumably due to the larger capital and liquidity in the market

>>13031234
Each cycle is about 10x apart in price for each of the mentioned support levels (2017 ATH seemed over stretched). Who knows you could be right, all I know is the similarities indicate one more capitulation finale. Also, the pre-capitulation dump was a little excessive in magnitude so calling for $1k is a 95% drop, which by bitcoin standards would be a new record.. But hey I'd buy more the day that happens

>> No.13031342

>>13031309
Banks are manipulating now, this isn’t an organic market cycle. All you need to see for that is the vertical nature of the last dump. It was literally unprecendented in the history of bitcoin and very strange

I think they will drop it below 1.2k either way, but for me it seems next resistance is 1.2k. A drop below 3k should induce a lot of panic, especially from the new Gox coin holders

>> No.13031419

>>13031342
On second thought, this cycles pre-capitulation really isn't that exaggerated, just slightly. Check the math:
Cycle #1: $8 to $4.4 = 45% drop
Cycle #2: $480 to $295 = 39% drop
Cycle #3: $6400 to $3150 = $50 drop
That's close but also far, enough room for me to not want to look too closely at the data, and more at the overall pattern / trend. Regardless the market makers are painting the picture awfully similar to the last two times.. That wick near the end of February is pretty mind blowing

>> No.13031524

>>13031309
helpful thanks