What we have on the BTC chart now is the most bearish setup there's ever been. If you're still clinging onto hopium about 300k or whatever, you need to wake up. I'll break this down very simply for you. The MVRV z-score has just crossed below 0 after failing to sustain above the critical 7 level during the last rally attempt. Historically when this happens after a failed breakout it signals the end of a cycle top and confirms we're entering a deep bear market. This metric measures market value vs realized value and it's absolutely screaming overvaluation correction incoming. The NTV signal is flashing red like never before. The divergence between the price action and the ACTUAL network activity is widening at an absurdly alarming rate. Last time we saw something even remotely similar to this situation was in 2018 before BTC nuked to 3k and this is happening already now, this high up. The red dildo cascades are going to be on a level we've never ever, ever, ever seen before. On the 5D chart BTC has decisively rejected off the midline of the Gaussian channel, a fucking death sentence, every single time this rejection has occurred in previous cycles BTC retraced by at least 60% from that point before finding any meaningful bottom. The SOPR has failed to reset above 1 despite MULTIPLE attempts over the past few months which indicates longterm holders are starting to capitulate alongside short term speculators which is doubly bearish for price support levels. Another thing to note is the volume profile's massive void between 19k and 12k with no significant support zones in that range. If we lose 20k, which looks inevitable, nothing could stop a freefall into sub-10k territory. This coming bear market in terms of sheer brutality and % decline from ATH will be worse than anything we've seen before, we're talking about a bottom somewhere between 9k and 2k. Anyone still hoping for a huge pump way past 150k this year is fully blinded by bias and in deep self-delusion.
>>59642654K. Thanks.Bye.
yes, i should seel everything. Thanks for the advice saar!
>>59642654omg
>>59642654So what youre saying is, i should buy the dip
Cool I'll buy more
>>59642654
>>59642855Literally this. Whenever it dips -5% or more I just buy
>>59642654meds, nobody will read this
>>59643754>namefagginggo back
>>59642654>nothing could stop a freefall into sub-10k territory. This coming bear market in terms of sheer brutality and % decline from ATH will be worse than anything we've seen before, we're talking about a bottom somewhere between 9k and 2klol
>>59642654haha bitfuck go to zero the era of utility is upon us XRP army rise up
>SOL shit the bed again>therefore, the whole market has to dump now
>>59644926What's so funny?
>>59642654Didn't read.New BTC ath tomorrow.
>>59642654>we're talking about a 2k bottomif you're going to doompost at least make it somewhat believable
>>59642869i've seen this image before but something about seeing it in relation to OP made me lol
>>59642654>BTC at 3klolLMAO even. Get sidelined for life faggit. Should have bought back in early 2019. WOOPS amirite? Oh btw, BTC about to break the ATH as im typing this, cope seethe and dilate
>>59646430>tomorrowyou mean right NOW lolOP on suicide watch
>>59646599I make sure to post it whenever a mid wit attempts to predict violent bitcoin action with his silly chart readings. It’s my quality control to keep waterheads like OP in check
>>59647099>>59646430>>59647120>severe reading comprehension issuesIt says 150k in the OP, retards.
>>59642654legendary bear post, the most wrong a /biz/raeli has ever been.
>>59647297>another retardSee: >>59647257
>>59647297Lmao @ OP -most epic fail od year so far. All the sweeter for the effort post lolol lmaoooo even
>>59647257>>59647308Cope, seethe and DILATE , and dont forget to buy rope faggit. You got served bobo. Also nobody is reading all your filthy bullshit OP post till the end. Stay poor while people keep buying BTC forever
>>59642654Crypto coins are star signs for bears
>>59642654Fuck off paid demoralizing glownigger not selling
>>59642654>open threadretard>close thread
>>596426542k in 2 weeks
>>59642654have fun staying poor, written on a top of the line yuge korean OLED TV, bought with btc..
>>59648113>bought with btcI have never bought anything with BTC let alone a television. I’m going to guess that 99.99% of bitcoin holders are the same.It’s not a currency really, it’s a secure decentralized payment system with a speculative asset attached.
To clarify, I mentioned 150k because the chart says around 150k is a possible top. Possible in the sense BTC may be able to reach that high, HOWEVER it also seems unlikely. So it's a possible top, not a likely top. We should not expect to see 150k anytime soon, in fact I'd be a little surprised if we did, but it's not totally unreasonable which is why I mentioned that number. It's the most bullish estimate for the near future that's still realistic. A massive pump above 150k is wishful thinking by anons who've got their heads up each others asses and therefore can't even see the chart. While no one should be surprised if the bear market begins from roughly where BTC is now, there are solid signs BTC is going higher. It's a realistic estimate we may see prices in the low 120k range, for example, before the red dildo cascade starts. But those bullish estimates are all irrelevant with how absurdly bearish the chart is, which is the point here. For example if BTC goes to 150k we may very well see a decline from there by between 94% and 98.5%. It's not going lower than 2k and all that's meant with 2k is just a fast dip into the high 2k range. Again if 20k fails that equals sub-10k, no question about it. A bottom around roughly 6k really shouldn't surprise anyone.
>>59642654>2knice fanfic bobro
