🅱️ Expert Confirms: Bitcoin Set To Crash Below 30K

Signals are available everywhere... And new data is coming in all of the timing.
The market is great.

Even though we get confirmation after confirmation, doubts still creeps in.
Even though we see the market moving just as we would expect it to move based on the cycle, sentiment and chart signals; confirmation after confirmation, for real.

Somehow, each time there is a small rise in price doubt creeps in.

➖ Will Bitcoin move to hit a new All-Time High next?
➖ Is the correction over?
➖ How can I be certain prices will not continue higher?
➖ How can I be certain prices will continue lower?

"Bitcoin is trading above $60,000 after all and that's pretty strong."

Well, actually, below 70K is ultra-bearish after a new ATH at 74K, but this is not the topic for this update.

In early 2022 we were discussing here on TradingView the bear-market that was developing for Crypto and how far down Bitcoin would go.

We were dead set on finding the target and as you know, we shared hundreds and hundreds of charts. All of us, the different players.

After a while, we decided that Bitcoin was going to settle around 20K because that was the 2017 ATH. We concluded that the bottom would happen in June or November 2021 and reach several others and varied conclusions.

We all agreed and everything was clear; it was early 2022, we still had a long way to go before reaching 20K; Bitcoin crashed below 20K and yes, even 15K was tested as support.

A certain public figure, I won't name any names, said in early 2022 that Bitcoin would move lower but stay above 30K. It doesn't matter what happens it would never go below 30K... Bitcoin was trading in the 40Ks at the time.

Sure enough, that was the signal...
Bitcoin crashed and did not move below 30K but went even lower and hit below 16K.

The same character is now saying that "Bitcoin will stay in $55K to $75K zone for now" ... This means that the crash is confirmed and it is going below 30K.

Namaste.

Comment:

🅱️ Time To Trade

Right now we are witnessing a "bounce."

Each time an important level is hit, either up (resistance) or down (support), the market reacts with a move to the opposite side, in this case a "price jump" or "bounce."

➖ How we do know if this is just a bounce instead of the start of a new bullish wave?

The trading volume gives it away... There is no volume.

And of course, the market movers (whales/exchanges) will definitely liquidate the SHORTs before producing a new low.

You see, Crypto is deposited into the exchange.
You use this Crypto to buy stuff.

When this Crypto sits around on the exchange wallet, they take this money and loan it out and you get something... Sometimes, if you are in the earn program if not, they make money on your money and that's ok but the problem is that now the market turns.

➖ If you are trading spot, the value of your Cryptos can rise or fall —nothing happens; just wait.
➖ If you are using margin or leverage, your entire account can be gone.

That's why there is a move up before going lower, because the whales want money... And many people use too much leverage; now, that's their fault.

We are not going to single out whales and exchanges, everybody is working to make money, that's the final goal.

The reason why these people get liquidated is not because billionaires are evil, but because their leverage is too high, we are talking about 15X, 20X, 25X etc. In truth, 1-2X first and then we use a little more. Anything higher without years of planning can be called gambling, but i don't know. I am not a gambler so I can't really say, I only read the charts.

I've been around "leveraged trading" and if you are not a professional, it is very likely that you are fooling yourself and wasting money as you go.

If that's not the case... 👉 Then BTCUSDT is an easy hold.

What will it be?
Down or up?

The chart continues 100% clear.
We have another lower high...

It doesn't matter if you miss the game today but...

What about tomorrow?
What about next week, next month?
What about years into the future?

How long have you been trading for?

Are you successful?
Are you profitable?

How long have you been working for?

Are you rich?
Are you satisfied?
Are you happy?

You see... Whatever you put in, in time, is what you receive.

Whatever the world gives to you is based on your actions, your behavior, your mentality, your thoughts.

How much money one makes will depend on the state of mind, the experience; how honest you are with yourself?

This market can be tough... If you are an egotist, you are going to get out of here broke.

On the other hand, if you can accept and appreciate your mistakes; taking responsibility for your actions rather than blaming others; the market definitely pays with success.

First we focus on personal growth and this growth will lead to a stable mind and with this stable mind we can trade.

Namaste.