Bitcoin going parabolic toward $35K as Ethereum breaks $800

Good times.

Tether was printed for BTC to blow the bubble

its rise is powered by the delusion many of you are suffering from.

as reality takes hold and the delusion dissipates, crypto currency will reverse its course and die.

What goes up parabolic / exponential, comes back down even faster! Prepare for a lot of bankrupted cryptocurrency traders...

The resulting rapid BTC price decline to the September 2020 level (around $10K) will be epic!

Major price reversals look to be inevitable and coming very soon. Not only for the cryptos, but all global markets. That will also include stocks, bonds, precious metals, etc.

Stock markets hate uncertainty, and what could be more uncertain than who will control the world's largest free market economy...

This coming week may be one for the history books!!

I think one of the three options mentioned from the billionaires post was a 50k Bitcoin, 35k DOW. In another option, it mentioned that DOW would crash to 5k, and bitcoin would become a failed experiment. I happen to think it will be a combination of both. It'll play out just like that.


That said, I came up with these ideas prior to reading their post. One of the most ominous sign I see in the charts is in the DOW, NASDAQ, and S&P, there are gaps all the way back down to March lows. If they penetrate those moving averages back to those prices, which be the monthly 50/100/200MA, there's little hope to recover afterwards. You'll get a dead cat bounce to a high resistance at the 50MA, than smack down even lower than in March. IMO of course.

I agree with you about the gaps on those stock index charts.

There has been an obvious hidden hand (US Fed and Treasury?) driving these prices higher, leaving chart gaps all over the place on the way up.

I seriously doubt that the old axiom of "all chart gaps eventually get filled", fails this time. The question is always, when?

It just looks and feels like that rug could get pulled anytime now.

There's been just too much new money thrown into the markets, just waiting for the elites to spark a massive sell off so they can collect another $5 to 10 Trillion payday... at everyone elses expense of course.

BTC: 34k
ETH: 1k

Let’s dance!!!

Check out this post from another thread:



He says this like it will happen this year.

We should all read this bill when it’s released...

Thread: BREAKING BLOCKCHAIN: Bill H.R.9067 - Office to manage deployment and activities on the blockchain

Why should Ethereum be over $500?

Why should Bitcoin be over $9000? Why should it be over $1000?

This is almost as extreme as when the pandemic started last year. Anxiety off the charts here.

I bout Ethereum when it was $200 and bitcoin when it was $1,000. Ive made fucking BANK this year.