Bitcoin: Most Accurate Top/Bottom Indicator INVALIDATED + 300w Lost… 13.8k Next? (BTC)
Jacqueline Gilliland
1 min read
Introduction 0:00-1:23
Analysis 1:23-6:27
The BitGet Exchange & The Crypto Academy 6:27-7:34
Analysis 7:34-11:58
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LEGAL DISCLAIMER:
It is worth noting that this video, as with all Wolves Of Crypto content, is a representation of my personal opinions on the market and should in no way be considered direct financial advice in any form. I am not responsible for your investment decisions or outcomes, analyse the charts for yourself before proceeding with a trade. This applies to every investment decision in cryptocurrency, stock market and any financial market – including investment decisions directly related to Bitcoin BTC, Ethereum ETH & any other altcoin.
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Styling wolf ! the dressing gown. Love your TA solid as usual cheers
I know im just a commoner and will not get a reply. but if you look at the possibility of a bump and run. BTC found support for that at 15.5k. it can be validaded as a bump and run when BTC gets to 12 – 15k but closer to 15k where BTC can find support off a decending trendline on the daily. My weekly indicator is trying to flash buy on BTC as well which it has not done since Monday the 28th 2021. My trendline indicator also is finding support at 14.8k. Isnt it when all seems hopeless and at a loss when markets tend to switch bullish? I could be wrong but it does not hurt to sit back and think our reversal is coming between now and January.
We wont see a bottom until this FTX scandal settles. CZ from binance said more companies will go insolvent. Many of them have leveraged beyond it’s means and with ppl pulling their money out of the exchanges in mass, they will go insolvent. Miners are next. Half will go bottoms up. Then we will have regulations in 2023. It’s going to be bad. Good thing is, this will present a generational wealth opportunity if you are willing to hold for 3-7 years.
To all comments how low is btc going?
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Correct me if I’m wrong, but the Pi cycle hasn’t called anything. It was created after the 2017 run, and fit to historical data… it’s easy to draw a line after you have the points.
It’s been a bevy of black swans 😮
Bitcoin is tanking
Last cycle the bottom was 300 Week SMA, before that it was the the 200 Week SMA. If we drop to 400 Week SMA this cycle then that would be around the 13.8k area you are talking about
It's possible for btc to consolidate between 10-12k till april of 2023. BTC did the same in 2019 consolidated between 3-4k till april of 2019 before rallying. It won't change anything. If anything once btc bottoms it will range for months
Cheers wolf! Appreciate your analysis sir 🙏
Thanks for the update! Un… Charted … Territory. It’s going to have to shake out, post-regulation. I’ll give it 6 mos.
Looks like CryptoSavy many be correct in his analysis of the market as well as Wolf.
What you described about pp wanting to stay away from crypto…is exactly what Soloway said about the perception environment of the true bottom.
Agree with the 13900 next stop but the market is under technical damage, could take years to reset. Indicators are a waste of time, including fractals and Date Range trends.
Support and Resistance levels are the key.
Crypto won't die but there will be a massive flush out .
Not for the feint hearted😬
Bitcoin I think will bottom when ALL exchanges are exposed for being illiquite and there's a mass crypto bank run. Binance, bitget all need to fail. Then once there's no more exchanges to sell your crypto on, the price of crypto will stabilize and go up due to no one being able to sell. Bitcoin 100 dollars soon. Lambos by next year !
Hey wolf wanted to get your opinion – FTX had 1.11 BTC on their bankruptcy documents show over 1.4B in BTC liabilities. When people bought BTC it would show in their account but FTX wouldn’t actually purchase it. ~ .46% of the market cap. Not sure if it really makes that much of a difference but feels a bit nefarious. What would the severity of impact with this price manipulation be in terms of TA and price action?
Hope so, 13.8k seems fair as bitcoin miners are stepping up and helping with the dump.