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File: 75 KB, 1484x755, where.png [View same] [iqdb] [saucenao] [google]
49821624 No.49821624 [Reply] [Original]

I remember this is the chart that bobo spammed back in Nov/Dec to tell the world that Nov peak is the last peak in this bull run.

Now we're reaching the bottom, why suddenly do they no longer post this chart?

>> No.49821886

>>49821624
recession

>> No.49822010

Why does the channel get thinner

>> No.49822073
File: 20 KB, 1228x752, log.gif [View same] [iqdb] [saucenao] [google]
49822073

>>49821624
this is the correct one
the bottom is 10k-15k (according the the chart)

>> No.49822182
File: 90 KB, 675x582, D2F1C8A6-E675-42B2-82B3-CA3206B035E0.jpg [View same] [iqdb] [saucenao] [google]
49822182

There are now real-world events transpiring that have never had an equivalent for the history of crypto.
In short, expect a lot of meme lines to be hastily redrawn.

>> No.49822194

>>49822010
I reduce the contrast in tradingview

>>49822073
what's the indicator's name? the only one I found on tradingview is the indicator on the op picture

>> No.49822196
File: 88 KB, 1464x694, 2008currentupdated.jpg [View same] [iqdb] [saucenao] [google]
49822196

>>49821624
The channel no longer matters as we are entering a recession. The chart you want to look at is the comparison of the 2008 stock market fractal to the current 2022 fractal.
Here is SPY for both years.
BTC is going under 10k by the end of summer, possibly even the end of the week.

>> No.49822239

>>49822196

GME is never going to MOASS baggie
No-one is coming to buy your bags

>> No.49822260
File: 9 KB, 236x236, 1655247814079.jpg [View same] [iqdb] [saucenao] [google]
49822260

>>49822239
I didn't make the chart, and I don't own gme.

>> No.49822329

>>49822196
Things don't go in a straight line anon. BTC might go to four digits, but it won't get there in a single vertical candle all the way from 69K.

Market always goes for maximum pain, and that means for EVERY market participant, short or long.

>> No.49822461

>>49822010
Because you have 1 cycle left to make it, after that it's game over

>> No.49822540
File: 135 KB, 1464x694, 2008days.jpg [View same] [iqdb] [saucenao] [google]
49822540

>>49822329
SPY is currently at ~366, the dates on the chart show the gap tuesday+ weds down to around 310, that's a drop of around 16%, if BTC opens Tuesday at 17,500 (the weekend low) and drops 2x the SPY that's a 30% drop so 12,250. correction Thursday, and then another drop Friday. While unlikely BTC will fall all the way under 10k by the end of the week, its within the realm of possibility.
This of course assumes that we continue to follow the 2008 fractal, we may not.