10X? The Final Crash Is In —Bitcoin Is Going Down!
2024-10-28

Some people go even higher, but I never go higher than 10X. I could easily say that Bitcoin can be shorted right with up to 10X easily. I am looking at the 1H timeframe and we have a new lower high today (vs 21-October) and it is very clear and decisive. All the signals are present.

This is to say that Bitcoin peaked/topped and is ready to resume moving down. There is no going back.

This will be the end of a cycle, literally, a very long one and something we have been expecting for a very long time. Our markets truly will change.

The world will change, perceptions will change, feelings will change, sounds and vistas will change. How you experience/see and understand the market will change.

When Bitcoin trades around $30,000 it will be a completely different experience. You might even look back at this date and wonder... It will be so different. But it will recover in time and all is good, all will be great; life is great.

It will recover in time and all is great but it is going down for sure, the signals are clear on the chart.

Imagine the huge surprise millions of people will go through when they see Bitcoin below 40K, can you imagine? It will recover and it will recover strong and fast (many months) but they don't know this because they don't know it is going down in the first place.

When the crash starts to unravel people will be fine because they don't know what is coming and they won't know what is happening, so all is good, they will say. But when prices move below 50K we will start to see panic and this panic will accelerate the whales profits take.

When it goes below 40K some people will start to plan how hard is going to be the jump, they will be planning jumping out of their balcony of course.

When the low is in, many people will give up at this point and sell at the low. A very large portion of retail will wait for the lowest price possible and only at this price they will give up and fold. It is only at this price because it is an energy and this energy will tell them that Bitcoin is going down, but is already down at 30K so we could easily say once the low is hit that Bitcoin is going up. But most people will see it in reverse.

This last part will produce the bottom wick and this will give us a clear and very strong signal when the bottom is in. With the bottom in, a new cycle starts and everything will be fresh. For the ones holding bags, for those being liquidated everything will sound horrible and feel ugly and look bad. For those on the outside and waiting to buy or those waiting patiently with smart shorts, everything will look just like at the end of a storm. There was lots of movement and excitement but the air is clean and it is time to build back up.

Bitcoin is going down and I can tell you this without a single shred of doubt but once it is down it will recover and grow.

The whole event should only last a few weeks and in the worst case scenario one or two months.

Once the bottom is in, up we go.

I'll be here writing for you and giving you updates live... I hope you enjoy the content and I appreciate your continued support.

Namaste.