pBitcoin News: Is the Crash Over?? BTC 8200 BK Crypto Bitcoin Prediction Best Altcoin Tutorial bossofbitcoin.com Whats up everybody I wanted to make a quick update article on Bitcoin I think we are Kind of at a fork in the road and wanted to get some information out that I thought might be helpful For you all with trying to trade this thing and find the bottom one thing I did as I split my screen between a 33 and a 77 normally I dont you know show articles going down this low but since you know I think were uh You know trying to figure out us flat line stabilization I thought it would be you know useful to show you guys how I do it Whenever I go down here so first thing is on a 33 what Im looking for are these major Moments so right here.
We kind of had this peak on our seven and then down here We have our valley right so what I did is I used those as my first two major points for reference and I drew a cycle line from Top to bottom right boom boom what I noticed right away. Is that this thing is a Building out in different scales if we look at these different sections say this is section one two three and Four and were just on our 33, but you can kind of still see how it forms on the 77 This section section one had all negatives right the 231 was negative 77 was negative and the seven was negative right so thats like three negatives So we could just go for that one. This one. The seven is positive the 231 and Begin in the 77 was still negative, so this one is like two negatives right with one positive I Shouldve did like plus marks Lets rewind that Negative is just gonna be a down arrow right so this one has three downs one Two three and then this one has two downs right One positive right and then this one section three sevens positive for the most part generally sevens positive 77 is positive and The 231 is still negative, right? and here We had two positives one negative so you see what happened is basically in between this area we kind of flipped right thats like a critical point so what I can do even now that Im making this thing on the fly is almost used that point as Kind of like a third little reference point and look on the on the 77 we actually bottomed out right there and thats why I tell you guys the 77 on the 77 is the most important line because as long as this thing is going up and to the right That means that the quick money You know is in this is kind of like the baseline so if you see that blue line You know going up into the right youre pretty good right, but you know with Bitcoin We want to try to maximize this thing and you know I use this opportunity as a teaching lesson as well as a trading lesson So what do I see forming inside this chart?
Its a little bit of divergence here right because on section 4 the 77 you know is now going negative, right change that back to yellow the 77 is now going negative, but then we have the 7 and the 231 going positive So what does that mean right if the 7 is going positive and the 231 is going positive? But the 77 is going negative that means its going to land somewhere in there right which is exactly what just happened now Were somewhere in limbo land between the 77 and the 231 this is a divergence. This is not necessarily a sign of strength however It is not a breakdown either, right?
What it means one of two things if we have the volume come back then we can have another? Breakout just as we did you know in this little section at a chart right there, right? to where we had a divergence we actually pulled up on the 231 and had another big wave breakout, but since that just happened. Im gonna take this to infer somewhat of a sign of weakness in bitcoins chart Also, if you look at the waves, Im gonna clear this one off.
We still have it on the right hand side If you look at bitcoins waves just on a general term You know this is almost forming like a double top right here in crypto Thats not a very good sign at all what that normally means is the momentum is moving down and youre gonna catch Wherever you start it near the bottom. What does that look like for Bitcoin? It looks something like this right here Right around 78 thats a deep drop from where we are now But I dont think its out of the question given where we came from Right, and I think thats what a lot of speculators are saying like they dont feel comfortable with Bitcoin going up You know 15 18, 000 now because we came back from 6 so again I think we do need to confirm this floor that will either happen here To where we sit here for a few days right around what price point is this?
Lets clear that off redraw this thing Itll either be that quick band right there right where we form that intersection. Thats right at 8300 or We can drop down to this band where we started kind of this continuation cycle That would be Right around 80 100 or We could take a full drop. I dont think well go all the way down there Only unless we have some major major major selloff action if we take a full drop. Thats what thatll look like Thatll be right around 79 right again Statistically we could go down the 7 but because we sat sideways for so long you know north of 8 I dont think that thats really in the chart right now Especially since the 231 is going positive now if this 231 was still going negative on top of us then yes I would say we probably need to go down there to come up You know to do something like that, but since we already did that? I dont really think you know we need to do it again to confirm the relative strength of the market Thats exactly what that thing.
You know basically did right there right so we already did it once I dont think we need to do it again, but you can expect to maybe catch it on one of these quick drops And Im talking inside the next day or so you can probably get it on discount here Before we sit sideways and start this next big breakout run. I think with China coming back You know love is in the air right around February 14 15 16 In one of my older articles on the became cold channel make sure you subscribe Im dropping some knowledge on that channel is all these currencies they Evan flow that its a currency Its a current Current come on a bank is what on both sides of a river a river has a what a current. I mean come on Its all semantics. Its all.
This is but this is what it is. Its all energy Its all energy it all flows so we gotta chill out everybody chill out Yall know, who you are if you freaking out chill out. Its only numbers.
Im fine just by the lower It goes put more put more trust into it. Its gonna bottom out around seventy five hundred Anything under seventy five is free money right like come on like we wanted to go all right. Give me a mo Anyway, okay? Were gonna go to dinner.
Yeah I told you guys that I expected Bitcoin to bottom out right around 72 to 78 76 78 Before we catch our breath to continue higher, and thats what we could look at you know I just wanted to get a quick update out to you guys I didnt want to this thing a long drawnout livestream But you know if you are playing BTC to the USD if you have some extra fee out on the sidelines like me You might want to be looking to make a purchase inside the next 48 hours Because after that the long money I believe is back in Bitcoin and thats confirmed just by looking at our 77 minute candle and seeing that our 77 is above the 231 the 231 s dovetailing out the 77 is above it. You know and that means that Sooner than later. Well see a Bull market return to Bitcoin hope this helps you guys Hit me up leave me a comment down below Shoot me a message. If you you know want some more insight Or just getting started again check out boss of Bitcoin comm for more crypto resources and also an unencrypted up on YouTube to get started with a beginner articles Till we meet again stay cryptic yall babes Youp