Tuesday, September 26, 2023

Bitcoin/Cryto drop incoming

I don't usually do this but I thought I would post anyway. bitcoins low in my opinion is not in, altcoins are going to see a 60% drop at least. We are very close to a triggering event for this scenario. No doubt there will be some news attributed to it, there always is. Locally I'm looking for 25800 then a move up to 26800.. Point is locally I see some upside but after that believe me things are going to get extremely depressing in crypto guys and this is my warning to you. I've never done this before publicly, only ever in private friends groups and they thanked me for it. I told to sell at 58k, I told 48 was the last best chance to sell, I told to buy at 17k, and I told to sell at 31k. Now I am telling we are again in last best chance to sell territory and we are close to a triggering even for things to start moving to the downside. I give this warning because i know this rally since the start of the year will have given people hope, sucked people back in, and some will get very hurt. I understand a lot of people will not like to hear this, get angry at me, say TA doesn't work, etc. etc. But just ask yourself can you handle another 60-80% decimation of your portfolio? There is too much complacency, every negative news is met with either copium type jokes or just head in the sand "buying opportunity" comments. Be careful.


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