Good News: My Gut Feeling Tells Me We Are In Trouble!
Hm, yeah...
So I look at this chart and what do I see?
- Volume has dropped off a cliff.
- The flash crash is over.
- But we are still stuck under $30k resistance.
- And volume is still dropping.
- This is bad.
But funny thing about my gut feeling...
It's wrong like at least 90% of the time. Therefore, perhaps this is a great sign for us, especially right before a noteworthy lunar eclipse in the middle of a Mercury retrograde.
As hilarious as it is to reference astrological events in combination with crypto speculation. I have to admit, it just never gets old, especially considering the correlation does seem to exist somehow.
Haha seriously...
If I just shorted the market on new moons and longed during full moons... I'd have so much money right now. How weird is that? Astrologers do good analysis it seems.
In any case we got this eclipse coming up tonight. Perhaps I'll even be able to see it although the sky is half-clouded already. The eclipses that I paid attention to in 2020 and 2021 were huge turning points in the market. With November 30, 2020 being a day that BTC was trading at exactly the same level as the peak of 2017 ($19600). Remember those days? Remember how many people on Twitter were like "you'd be an idiot not to sell here and take gains at the previous all time high"... ? Hm yes, that didn't age well. Now a return at $20k at this point in time would signal max-pain.
How quickly the tables turn.
Then in 2021 I even wrote a post called BLOODMOON 666.
Yep, the significant eclipse in 2021 BTC was trading at $66.6k.
Ignored all the bad omens.
Didn't tell anyone to take gains...
And demanded we get a mega-bubble.
Never happened.
Oops!
Now we have another one of these events on midnight my time.
Should be interesting to say the least.
I'm personally betting on the idea that we bounce at least to $35k and hopefully $40k before dipping from there. I made a plan, and I expect to follow through for once. End of the month my long will close no matter what the price is. Sorted. Trading this volatility storm on margin was a silly idea anyway. No reason to drag it out.
Adoption levels have skyrocketed
Look how far we've come since Q4 2020.
- Banks are buying in.
- Corporations are buying in.
- Entire countries are buying in.
All the things we said would happen, are happening.
That's pretty wild.
On a certain fundamental level, the USD price is completely irrelevant (unless you're buying back into the dated legacy system). It's essentially impossible for another round of massive FOMO to be prevented. Can that FOMO come in the middle of a recession? That is yet to be seen. I think crypto would have to invent something pretty spectacular for that to be the case, but you never know.
We also need to take into account that crypto is still essentially a micro-cap within the world stage. The market cap of gold is $11.5T right now. Compare that to crypto's measly $1.3T, and we see that the entire Gold 2.0 narrative has fallen flat on its face. Gold and crypto don't compete, they synergize with each other. That's the exact opposite of competition; cooperation.
It's so silly and obvious to me that this is the case, and yet legit no one seems to agree with me. The constant projected cut-throat competition projected onto this space is pervasive and toxic across multiple false narratives. Don't forget there's profit to me made when millions of people are running around blindly believing bad data. Just ask Big Tech.
In any case, remember all those times everyone was talking about crypto eating the lunch of gold and absorbing the $8T market cap into itself? Well now gold has an $11.5T market cap, and guess what? It's just going to keep going up, and crypto is going to help that happen.
Again, gold is not the investment.
Gold is a robust backup for storing value in an archaic physical manner.
Now that crypto exists, storing gold on a digital ledger is foolish.
The investment is obviously crypto.
You don't buy the gold until after you're a crypto millionaire.
Even in this case, the market cap of gold will skyrocket over ten years.
Just not nearly as much as crypto does.
Because crypto is actually evolving and solving real problems.
Governance and trust are the biggest issues of our time.
These are problems gold can't solve.
But gold can act as a support mechanism for this emergent economy.
Enough about gold already!
I don't even own any!
More of a silver guy myself to be honest.
Gold is cool though.
Conclusion
I think I'm done blabbing on about speculative nonsense for now. We are due for another period of extreme volatility. Remember the last time I warned of this?
Ended the post with:
VOLATILITY IS INCOMING
STEEL YOURSELVES
That was a week ago May 7th when BTC was trading just above the support line at $35k. Four days later we flash-crashed to multi-year all time lows at $25.5k. Epic! Again, I don't know which direction it's going, but it's coming, one way or the other. This volatile market is not going to give us any peace.
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5 years this has been happening to me, it started here, around people that are still here. Homeland security has done nothing at all, they are not here to protect us. Dont we pay them to stop shit like this? The NSA, CIA, FBI, Police and our Government has done nothing. Just like they did with the Havana Syndrome, nothing. Patriot Act my ass. The American government is completely incompetent. The NSA should be taken over by the military and contained Immediately for investigation. I bet we can get to the sources of V2K and RNM then. https://peakd.com/gangstalking/@acousticpulses/electronic-terrorism-and-gaslighting--if-you-downvote-this-post-you-are-part-of-the-problem
Up or Down perhaps the Moon will have the last say!
@tipu curate
Upvoted 👌 (Mana: 32/52) Liquid rewards.
Better the moon than LUNA :)
Great retort!
hahahhahhah!
👍
I like the real one better
Good news everyone! I think there is bad news!
Personally I think we're all in for a boring or bad time for the next little bit, essentially until the US Fed stops doing things at least... but thinking about how many users are likely to be in crypto by 2030 it's hard not to be extremely long term bullish... which, as long as you've got a job or enough saved to get through the bad/boring times, is all that matters really.
this guy gets it
People are getting to no about crypto and I believe more people are joining @aussieninja
The planets gonna be in line and the cryptocurrency gonna recover its value and earn more than in the past. I said hehehe xD
Really good news 😊
Edict predicts bad that means rally inbound BUY BUY BUY 😁
Cryptos been in a rather low volume for a while now and continued to drop. That's not always a bad thing though. You either have one of the biggest rallies that triggers into a hyper volume or you have a sell off that triggers a panic volume. Whenever there is that stagnate point for a period of time it's going to move one of those ways just never really sure what one it's gonna be.
A wise thought 💬 am going to keep working hard on hive nothing is certain yet @bitcoinflood
Think more in terms of sentiment. More importantly retail sentiment. None of my friends are talking about crypto, nobody is interested in buying anything. Its been a shit show for over a year now, personally i think it will bleed out for years tbh and end up with some prices you just can not believe possible. There is also this thing of diminishing returns, sadly i wont be shocked to see Hive go lower than its previous low, sad but just how it is. Admittedly i completely fucked this bull cycle up big time and so i know im going to get my bottom spanked hard.
Save your powder.
You have 300,000 HP, you have not fucked this bull cycle 😉
Please from your analysis when do you think there will be a pump?
Nice article. Very informative. Im very intrigued what the future will bring. Sadly I remember 2017 and 2022 is now just as painful as that.
Those are some very thick point on the chart, might screw optics
Mercury Retrograde is a great time to finish projects and let go of things that no longer serve us.
Cool
Its funny that you mention astrology, but the Law of Attraction, and crypto go hand in hand, the age of abundance, wealth for all, etc etc.
Go full astrologer next time, its a fun topic to read about especially after all the FUD, I've been reading.
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I was hoping to see you telling me what to do, but then again I would never listen to a random dude on the internet anyways. I really enjoyed the read though.
Thanks I got entertained, thats worth all the gold in the world.
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Crypto can synergize with not just gold but am thinking the entire financial system if they let it. Unfortunately there are too many critics on either side of the divide to actually see such a scenario play out for now
It was 2018 when one of the veteran stock traders talked about Full-moon stuff on Twitter. I just laughed at the post and I skipped it. After a while, I realized that the full-moon traders are right about uptrends and downtrends somehow. Now, I still have no idea about it but at least I know that I should give credits to these moon-traders 😌
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Good tip with moon phases and trading. I might try that. Maybe I'll get rekt second time this month:)).
As much as I'd love for the bottom to be in I believe we're getting close to $20k. Some will probably have to sell BTC for cash when the recession actually kicks in.
I've been wrong so many times that I'll probably have someone counter trading me.
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I've gotten rekt so many times the past six months I no longer feel anything when it happens.
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What concerns me, is that every time Bitcoin has dumped lately, Saylor and Bukele have run to the nearest microphone to announce that they are each buying another $100 milly, and the price just dumps some more a week or two later. I remember when an announcement of someone buying a $100 milly of BTC would make the price pahmp. Not no more.
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The term “to the moon” in crypto didn’t fall from the sky. It is based on hears of trading experience. Or I should say: many moons of experience…
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I like trouble
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Oh the butterflies! All this volatility!!! Not to mention Scorpio Full Flower Moon Eclipse glowing of Taurus Sun. You mentioned it, all in the middle of Mercury Retrograde! Breathe!! Rest! Enjoy all the good vibes. & Go Hive!!
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Yeah, I'm looking (more hoping) for a bounce to 34-35K to take some $$$ before we dump back lower, but damn if the price action don't look ugly for that.
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After reading this I consulted my horoscope and a Ouija board and I still don't know which way we are headed! :)
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Shoot :D
let me know
Today is full moon, so you should long :D
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This is actually what I was about to comment on, but since you already did, I will just paste it here for my recall.
This is a good piece of information. Thanks!
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Literally just came inside from checking out this crazy bloodmoon. The markets shall move upward. At least for a couple days. Or not. Hell I dunno. Beer time.
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I must say this went deep and heavy but it's something to think about and be prepared for.
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STOPVolatility is a conspicuous feature of the crypto market , more like a symbiosis relationship. Big risks comes with big rewards they say , the belt needs to be tightened during this torrid times . Thank goodness for a platform like Hive where one can earn organically .
Bull markets are great for projects' capital accumulation and the upside of boring times is you get the chance to build without hype getting in the way of design choices, onboarding or plain reasoning. #StillBuildingOnHive
The lunar trading was interesting to see.
Let's hope you keep to ending your long as you said.
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I have this superpower to make any alt rise. All I have to do is sell everything I got.
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I've gotten rekted many times over and now this doesn't feel much of a change. I'll live just more sadly but hey, "nothing ventured nothing gained". Here's to hoping for the flip. 🥂
Your predictions scars me and also and also excite me because this will provide an opportunity to buy more hive at a very cheap rate
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That is true and because of that a month ago I decided to move my profits to stable and wait to see what will happen in the market.
Currently, my profits are on HBD Savings getting 20% APR and I am confortable with that.
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I believe that,the inflation is really controlling BTC. For now we don't need to call it the end of sell because I'm seeing that BTC may sell again.
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The fact we broke 28K bottom of that 28K - 31K level that held 7 times in 2021 tells me it’s unlikely 25K is the bottom. Especially with bitcoin moving lock step with Nasdaq direction wise and the liquidity suck happening, we haven’t seen the bottom for 2022 yet. Highly u likely this isn’t a dead cat bounce. Just my opinion