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    BITCOIN JUST FLASHED BLOOD RED



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    BITCOIN JUST FLASHED BLOOD RED

    #bitcoin

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    View 43 Comments

    43 Comments

    5. Vignesh Natarajan on

      Your charting skills are incredible Steve! Thanks for sharing this analysis. You've definitely been spot on with the big moves, and navigating my first crypto bear market has been easier with your content. Been starting my mornings with your videos and coffee haha. I'm with you on BTC's bottom at 17.5K!

    6. Sylvan Paul on

      Bitcoin was invented after and in response to the 2008 financial crisis. There is literally zero data for what will happen to BTC in a financial crisis. Global markets are overdue, unfortunately, for a collapse, so I think this chart is irrelevant. Bitcoin’s lifetime price action is compressed into a recovery/long term bull market. I still believe in it long term but it will not be insulated from a system-wide crash when it happens again. Which it will. Unclear when but likely pretty soon.

    10. OBrien333 on

      Sweet! I just bought. Everyone expecting a crash will be sitting on the sidelines wishing they'd gotten in.
      I've only ever heard one regret from anyone who's been in the space more than 2 years….ANY 2 years: "I wish I'd bought more".

    16. junior Temmydayo on

      On monthly TF BTC is likely to put up to 25-30k which will lead to double bottom, it will already showing the sigh since last month which might make a U-turn in February next year.

    19. Randy Jones on

      I think you are correct Steve. This bear market has been 'feeling' a lot more like the bear market from 2013-2015. I know you only like to look at the charts, but even some of the events surrounding the market collapse are similar. The 2013 bear market was accompanied by the collapse of the MT Gox exchange. 2022 was accompanied by the collapse of several lending platforms and failed DeFi projects. Confidence in the entire Bitcoin project was deeply shaken both times. Even the chart structures of the two bear markets are starting to look similar. That could pontentially mean a long grinding bear market for the next year or two followed by a very powerful bull run resembling 2017 in several years.

    20. Delta9 on

      To confirm, even though you feel that 17.5K is the current bottom, you think that we should retest that level again in the coming months?

    27. Misbah Khan on

      I am an orphan boy . I am learning from your video, if I would have money I will take your 5 days course but actually I don't have money to learn.
      But I am very lucky to be your student here.

    30. Prashant Chaudhary on

      Greetings!

      Thank you for the video Steve!

      Can we expect the 2-Month crossover you were talking about? We had a video bout it a couple of days back!

      Again, thanks!

      Best regards,
      Prashant

    43. Matt James on

      Scary but interesting info – thanks. I suppose the charts don't lie. My gut says this is correct, with all of the macro crap also. (Btw, It's pronounced 'Gouse-ian', to rhyme with 'mouse-ian', after the mathematician, Carl Friedrich Gauss).

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