Hi guys, been a long time. Thought I'd chime in with when I think the great depression finally happens. (Bitcoin doom and stock market doom)

I like your thoughtful analysis.

What I think is lacking, is any mention of hyperinflation and/or dollar collapse. Which are in the cards, and the pretext for the "covid pandemic."

If the so called TPTB are not able to properly manage the currency reset. Which I'm certain they won't be able to, and assuming the grid stays up during all of this.

Americans, Europeans and other countries will do what the Venezuelans have done during their hyperinflation. They will flee to crypto.

I would agree on hyperinflation... except i think the opposite is happening. I believe we are deflating. Massive deflation is bad for us the same as inflation is bad. Both are bad.

The US dollar index is going higher and higher lately. We have been doing the opposite of inflation since January. I realize that prices are going up... but the dollar has been gaining purchasing power reliably like clockwork since January.

Eventually assets will figure it out and plummet in price. This goes for food, gas, houses, crypto, stocks, everything.

This is why zillow is selling all their houses. They realize what's about to happen.

Where do you see XRP in 90 days?

All I can say is that the next time I'll consider buying any coins is october/november of 2022. Not really sure where XRP will be by then... but that's when I would consider buying anything. I'm expecting bitcoin to fall in value over 90% by then. If XRP does the same thing? It will be below 8 cents.

So I'm sure some of you remember me. I was insanely correct on calling the XRP top at 2$ and insanely lucky to call it to drop to 50 cents 2-3 months ahead of time... and lucky once more saying it would come up to at least 1.07(it went up to 1.50 or so after falling to 50 cents). I also told you the bitcoin bear market started like 6 months ago. I still stand by the statement that we are in a bitcoin bear market. 200k bitcoin is NOT happening. Going over 100k is not happening either.

I am about to show you exactly how bad I think things are going to get over the next 6 years for crypto and I think it would show us how bad things will get for the tyranny and the great depression we are entering too. They are linked.

First off, I need to teach you some chart basics. You need to know what a head and shoulders pattern is.

[imgur] [link to imgur.com (secure)]

Above is a clear as day head and shoulders pattern. Price makes a high (the left shoulder)... It goes higher (the head)... it falls down to the shoulder area again and gets rejected by the same price that rejected the left shoulder.

Left shoulder - Head - Right shoulder. Then price destruction. This is exactly what caused the march 2020 covid crash for bitcoin. (notice that the left and right shoulder are about as wide as each other. this is important for later.)

___I totally agree. The crypto bubble pops first. Then a cascading domino effect to every other sector, industry and currency. Major cracks are already appearing. Real estate to follow. Then equities.
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Well... bitcoin appears to me to be repeating this structure... except on a massively bigger scale. Like, a 12 years long head and shoulders pattern.

Below is what I think bitcoin is going to do for the next 6 years.

[imgur] [link to imgur.com (secure)]

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-Using location A, B and C I made the upsloping parallel channel (the 3 parallel lines).

-I believe we will fall to the bottom of that channel and I think it happens at location E. 4k is the support at the bottom of the channel in november 2022, so that's when I think we drop to 4k.

-After that... we will eventually fall below the channel and get rejected by the underside of the channel (location F)... I copied the price pattern from the last 7 years and reversed it because head and shoulders usually have left and right shoulders that are the same width apart so this is a good reference for WHEN the final 20k rejection will happen. This projects the final 20k rejection to happen... on January of 2025. Inauguration day of the president of the united states, bitcoin will be 20k once again... and after that? I believe it drops down to 170-200$ some time around 2027.

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Based on this... I think democrats "win" the 2025 presidency. Democrats are the ones who will be blamed for the economy dying. I think this is why joe and kamala are acting so incompetent. They ARE incompetent but they are hamming it up.

I think 2029 will have a republican win the presidency and they will be labeled the savior of the great depression we just endured. It's all bullshit. It is unavoidable. It's an unstoppable freight train that they couldn't stop now if they wanted to.

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Anywho... I think 2027/2028 will be the peak of our great depression... the peak of our suffering. It will be the darkest period for us. And I base all of my thoughts on the price of bitcoin.

And yes, I realize that 100% of you will think i'm fucking stupid for thinking 170-200$ bitcoin is even possible. That it has NEVER gone below previous alltime highs before. That you would buy up all of the bitcoin at 200$ and so would everyone you know...

Well... during a great depression? You won't have money for food. You won't be buying bitcoin. That's why bitcoin will fall so low.

This is the beginning of the great depression and I will scream it from the mountain tops... bitcoin will do something it has never done before... when it experiences something it has never experienced before. And bitcoin has not yet experienced a great depression.

THAT... is why I think this is possible. I'll be buying bitcoin in about 6 years around 200$.

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One last bit. I do think the crash starts really soon. I hope it starts on new years, that's what it looks like to me right now, a potential 55k rejection on new years day.

btc seems to be impulsing with

1) starting 7/15

2) ending 9/27

3) ending 11/7

and 4 seems to be finishing.

what say you?

[link to a.c-dn.net (secure)]

no reason for it to have same outcome following similar events

correlation does not imply causation

Hey, Mr. Cheese!

Although your predictions are a bit seismic. This one actually sticks. Really, depends on how they play their COVID plandemic card. I think Trump will be at it again in 2024 so they can tax crypto and not crash. So best to buy before November midterms. My prediction is economic inversion. Not everyone was poor during the Great Depression..keep that in mind.

I am still 50/50 if this is the great depression coming up right now for crypto or just a regular bear market like in 2017. I see an argument for both. The great depression for crypto is going to happen eventually. It will eventually have a bear market that is leaps and bounds worse than anything we have ever experienced before.

That might be coming up next.

It might be coming in 4 years.

It might be coming in 8 years.

I know for certain that it IS going to happen. Crypto won't repeat these 4 year bull markets forever. There will be a black swan hyper bear market eventually. It will coincide with our great depression that is coming. I know this will happen because of RSI patterns on the monthly/2 month chart dating back from 2011. The last 10 years are showing weakness in strength for the entirety of the 4 year cycle trends. I'm not just pulling this out of my ass, all of my thoughts are based on divergences.

It's just... the timing of everything... ya know?

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I've done the best that I am able to, to try and convince anyone with ears to consider trading some crypto for cash and buying back in later. I've given what I feel is the best timeframe for a "potential" good buying opportunity.

You can lead a horse to water but you can't make them drink... I've learned that statement is not just for horses.

I really hope everyone does well this year and it's why I post here. I feel like I've probably reached a few people and it makes me feel justified and makes the trolls more tolerable.

I'm glad you are back. Missed your thoughts and opinions.
Right or wrong, you give us information that makes us think.

Keep posting.

Although your predictions are a bit seismic. This one actually sticks. Really, depends on how they play their COVID plandemic card. I think Trump will be at it again in 2024 so they can tax crypto and not crash. So best to buy before November midterms. My prediction is economic inversion. Not everyone was poor during the Great Depression..keep that in mind.

Please explain "My prediction is economic inversion."

All I can say is that the next time I'll consider buying any coins is october/november of 2022. Not really sure where XRP will be by then... but that's when I would consider buying anything. I'm expecting bitcoin to fall in value over 90% by then. If XRP does the same thing? It will be below 8 cents.