Bitcoin Crash Of 2022

If you consider a 25% fall in value a crash, which in equity it is, then crypto crashes frequently.

Bitcoin Crash, Polygons

1/24/2022 10:48:00 PM

A real crash for a booming financial instrument, however, is 70%-85%, which in scale puts a normal established market to shame

If you consider a 25% fall in value a crash, which in equity it is, then crypto crashes frequently.

My bitcoin prediction from before ChristmasCredit: ADVFNYes, this is my own brand of voodoo gibberish, but not a bad “lucky chartist nonsense guess” a month out.At the same time, this was another map of where the direction of travel might take us:Another of my bitcoin predictions

Credit: ADVFNWe are nearly on the first level of potential trend low but I think we won’t stop there. So right now this is what anyone who gives charts a moments credence will be looking at:The current bitcoin chartCredit: ADVFNThe bullish hope is that bitcoin will pop off this level and ride on up. I still see the bottom at or under $20,000. Frankly I see the bottom at above and around $12,000 but I do not hold such predictions as anything but fragile estimates.

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This chart is a projection from before Christmas and is playing out: My bitcoin prediction from before Christmas Credit: ADVFN Yes, this is my own brand of voodoo gibberish, but not a bad “lucky chartist nonsense guess” a month out. At the same time, this was another map of where the direction of travel might take us: Another of my bitcoin predictions Credit: ADVFN We are nearly on the first level of potential trend low but I think we won’t stop there. So right now this is what anyone who gives charts a moments credence will be looking at: The current bitcoin chart Credit: ADVFN The bullish hope is that bitcoin will pop off this level and ride on up. I still see the bottom at or under $20,000. Frankly I see the bottom at above and around $12,000 but I do not hold such predictions as anything but fragile estimates. To me bitcoin under $20,000 is the place to start dollar cost averaging. If I’m wrong and there is no next leg down for the market, the game to play is in with the junior cryptos, the Polygons and Avalanches etc., because they will pop much more. In my hypothesis, the crypto euphoria is dead and next comes the panic. This will not be the end of crypto, far from it, it will just be the low of this cycle and a great opportunity and one with a long period to embrace it and load up for the next multiplying event. The last crash went from $20,000 to $3,000 and off up to $69,000, so there is no reason bitcoin can’t pull back to $15,000 and go on to hit $100,000 or $200,000. You might say, that is what crypto does. Most people should dollar cost average through the whole cycle and some will and they have stronger nerves than me. I prefer to buy when it’s low and sell when it’s high, rather than do the opposite, which so many people get trapped by. That low is coming (unless some such disaster as Russia invading Ukraine kicks off) and then after some months of languishing when there will be nothing but skeptics gloating, up will go crypto on its way again on another wild ride. It’s what crypto does. Follow me on