Bitcoin
Short

BTC Set to Drop to $18k?

Updated
I've included a link to a chart by another trader on this platform.

EDIT: I cannot paste the link due to reputation not old enough. I'm new here. But, please search

Crypto Patel: BTCUSD Again Update about Bearish Diversion( Regarding Drop 18k

At first I thought he might have a substance abuse problem, but the more I look at the broader picture, the more I believe he may be right.

Here are "fundamentals" to consider:

  • 1. Google PERFECTLY Predicts Dumps - Use Google Trends to see that "buy bitcoin" interest has reached 100. When that value hits 100, we dump. It hit 100 last month, then we dumped 24 hours later. However, the value that was 100 last month, is now 75 which shows there is an even greater increase in Google Searches for the term.

    2. The Fear /Greed Index has been at an average of 92 all week. When the BTC fear greed index is at 92 for this many daily candles, we dump.

    3. The "News" has been agressively selling BTC; magazines, television, radio programming. When the "news" sell BTC, we dump. NEVER FORGET when CNBC aired programming where they gave us a click by click tutorial on how to buy XRP when it was $3.25.

    4. BTC has NOT touched the 21 Weekly EMA this entire cycle so far, and it did so 6 times the last cycle.


After looking at the charts, I can now see a sub 20k BTC in the picture.

ESPECIALLY since Kraken e-mailed users the other day informing them that BTC will never be lower than 30k again.
Note
I am unable to post idea links because I am not a Pro Member with a 10+ reputation. Please see "Crypto Patel"

Exact title is: BTCUSD Again Update about Bearish Diversion( Regarding Drop 18k
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