Bitcoin - Bear flag to 28k! (breaking down now)

16 Sep

The only reason why people liked Bitcoin is that it went exponentially up from 2009 to 2017 and made a lot of new millionaires. The price in 2017 was 20,000 USD per Bitcoin, the current price is 58,900, and I predict Bitcoin to hit 28k next year! So after 8 years of struggling, bitcoin is going nowhere. The soon you understand the fact that Bitcoin will never go exponentially up again, you will start making money. And really forget about altcoins, I predict ETH to hit 700 USD next year as well. Why is that? Why is crypto dead, and will it recover?

The answer is no, it will not recover. The reason is that the overall hype ended and the bubble really popped. New scientific research shows that this crypto technology is actually even worse than the FED's fiat model of unbacked currencies with their money printer. And yes, all central banks in the world belong to the FED. With this technology, they can make a one-world digital currency (Bitcoin - CBDC) with a total control model. Every transaction is tracked on the blockchain, 1 wallet per person, public wallet blacklists, maximum spendings, etc. If FED introduces you to a new currency called Bitcoin, you will probably dislike it immediately, so what about create Bitcoin secretly? 

This crypto technology is not new at all, it was brought to earth by weird alien races from other star systems and galaxies. They cooperate with FED and the unfriendly Galactic Federation for a long time.

A lot of people still think that Bitcoin is here to destroy banks. This is completely false, banks do not really care what currency they use. The main purpose of banks is to provide financial services and to keep your money saved. Yes, you can go to banks and get a loan, you will get 100,000 USD, but you need to pay 200,000 USD. That's a good business, isn't it? And it really doesn't matter if the loan is in US dollars, Bitcoins, gold, or silver. Banks provide over 100 different services, and they make money on them. So no, Bitcoin has nothing to do with destroying banks! Bitcoin is really not good as presented, it's the opposite.

Btw, the real story behind the Titanic Boat is to get rid of people who were against the creation of the FED. They were unable to create the federal reserve system because they did not have enough votes. Rothschilds and J.P. Morgan built the "unsincable" Titanic and invited the most influential people so they could get rid of them in the middle of the ocean. They killed over 1500 powerful people, and it was on 15 April 1912. The FED was created afterwards on 23. December 1913.

16 Sep

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The bear flag is now breaking down! I posted this analysis when the price was still relatively high inside the channel at 59128, now the price is 57900. The crash is starting!

17 Sep

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The FED will most likely cut rates on Wednesday, Sep 18, from 5.50% to 5.25%. This will be the first rate cut since April, 2020. This is an extremely bearish event on the overall price of crypto and the stock market!

17 Sep

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Bitcoin hit the first support (0.382 FIB) and bounced from it. Now the price is retesting the channel, which is a great opportunity to short!

17 Sep

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Bitcoin pumped today, but on the daily chart the bearish trend is intact. There is no reason to be bullish at this point at all.

18 Sep

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People in the comment section turned extremely bullish again, while Bitcoin remained in this symmetrical triangle. The FOMC meeting will be crucial today, expect high volatility.