Is crypto really dying? Was this crash predictable?
This is one of the most important posts I've ever made so please do NOT miss this.
For the past few days we are seeing one of the biggest crashes and there are many reasons for it. Some people speculate that it's related to inflation while others think this is just a price correction to gain support and a bull run to start. Do you think the bull run will ever start or is it all downwards from here?
Now you have a little background you must be thinking how to predict these crashes and what's the profit. Well the profits you could've made are out of this world but after did some calculations it came down to a 17000% profit! This is why you should know how to predict such big market changes
First thing is to check what's happening in the real world right now what social affairs are going on what's changing.
Second thing you can do is look at the history charts that are older than you and analyze those 20-30 year old charts and compare them with today.
Lastly you go on a higher time frame and look at the biggest crypto currency $BTC and see what it might do. Time frames like 1 day 4 days a week don't really have much movement or form patterns but when they do there is a high chance it hits.
Now you must be saying I didn't predict this crash how can I teach you how to predict these crashes but I actually did. A few days ago I came back to look at the Markets since I've been gone for sometime and while looking at btc at 1 day time frame I noticed a very big reversal pattern. I have talked about this pattern many times so be sure to read those posts. The pattern I'm talking about is the M pattern also known as the double top pattern. When btc was at 98k$ I told my Friend it's going to crash till even 70k$ and he said it cannot crash this far. Only after 5 days btc is at 78k which is the lowest it's been in months!!! I know this is hard to believe but have a screenshot i took at 87k thinking my prediction might come true. It's pasted below and in it you can also see the Pattern for yourself.