do not fomo in (translation: no, now it’s not time to buy)
do not fomo in (translation: no, now it’s not time to buy)
I’ve been watchig crypto since 2017. Most of the times market acts with bulish flags, divergences, takes account of RSI, EMA, and all of that but from time to time it does some fuckery. Multiple times it looks like the market is manipulated by “the house”. Bitcoin now acts similar with the gold movement from september 2020 to 2022. And you all know the saying that “BTC is the new gold”. This being said, in the next month I expect BTC to drop slowly to 44k or something and there to make a bottom. BTC will take the alts with it so be careful.
Here is the thing: people never expect something new that disrupts the current cycle. No one predicted the covid pandemic and the whole world going into lockdown. You’d be called a mad man if you tried to predict that.
If I said that bitcoin will rise to 200k by the end of the year, you’d say I’m being ridiculous, since it hasn’t even gotten close to 100k before. But you’d be surprised at what’s possible.
Don’t just assume that what happened in the past few years will continue for the next few years. Drastic changes can and do happen.
44k? Fuck it where were you last 8 months
Emas are bullish. Ema 200 and 100 already tested
Rsi weekly breaking out. Bullish
Seasonality is bullish. Post-Halving. New year
Bro, go back to your Romania porn where you potentially actually understand what’s happening. You have nothing to support your bearish prediction. This price action is more akin to Oct/Nov 2020. RSI hit 95 on the weekly, but the price still tripled and weekly RSI fell to 65 while the price climbed