I rather am Wrong and Rich
Sometimes it feels that everybody and his long-dead grandma, may she rest in peace, is talking about crypto, but that´s probably because it's my#1 hobby.
Not my day job, just something I enjoy. And in times like these thank god it´s not my day job.
And I say a bunch of things that maybe not everybody agrees with. Like I have been saying we are in a bear market since early April. Then I was laughed at, now people are saying the exact same thing and everyone is nodding.
And of course, I am not always right. I expected to end last week on a green candle, what happened we did another red week??
What are the odds after 7 red weeks to having another red one?
So I can be wrong, I am wrong all the time. I just have been more right than wrong so far and thatñs why I ain´t broke yet (not sure for how long if this bear market continues).
What I do not do is this!
If I ever do that peeps, just shoot me. These guys me be right sometimes, but I don´t wanna be right looking like that,
Urgent! Bitcoin going to 8K!!!!
It´s not even his own TA, that Lark is just repeating what I read already read and laughed at coming from the Guggenheim CIO.
Now in all honesty Lark is not even that bad, there are much worse. It's just that I tripped over his title this morning.
And while he is clearly trying to tell that he thinks last week's dip, when BTC tried to kiss the 26K seems to be the bottom, he goes and leaves room for that 8K Bitcoin.
Maybe it´s my young and feisty babyness, but I don´t do that poo. I don´t like leaving 18K of space: "Hmmm this looks like the bottom at 27K, but hmmm 8K is not totally impossible."
Lark like they say in Church, nothing is impossible. But it's also no fun trying to be safe all the time.
Having that said, I still predict a big fat green candle around or above 32K for this week. And I also strongly believe that the bottom for Bitcoin this cycle will be in July between 15K and 22K BTC (you see Lark I only leave 7K of space).
Both predictions are data-driven and I admit I can be wrong, but where is the fun in being right all the time.
Just FYI an 8K Bitcoin, is nearly impossible. With the current adoption and exposure, people will be on BTC like flies on fresh manure every drop below the previous low. We saw that with last week's dip, all of a sudden people are rising from the grave to buy BTC. And that will only get worse, so 8K NO WAY.
And I hope I am wrong because I will rather be wrong and rich on that one!
Have a lovely day, remember that hitting the like button is one of the few free things in life, and hope to see you tomorrow.
Post Scriptum:
Platforms where I Earn Crypto for my Content (Affiliate Links):
Torum - https://www.torum.com/?referral_code=bitcoinbaby
NoiseCash - https://noise.cash/u/BitcoinBaby
ReadCash - https://read.cash/r/BitcoinBaby
Hive - https://hiveonboard.com/?ref=whywhy
Peaked - https://peakd.com/register?ref=whywhy
Publish0x - https://www.publish0x.com?a=l9avg4xnbG
Exchanges where I trade Crypto (Affiliate Links):
BitVavo Exchange- European. Higher trading fees (0.25 %) & Great Customer Service - https://bitvavo.com/?a=C21A94C2FD
Kucoin Exchange - Hong Kong. Okay, trading fees (0.1 %) & Contains a lot of low cap gems. Customer Service takes time - https://www.kucoin.com/ucenter/signup?rcode=rJ821BX&lang=en_US&utm_source=friendInvite
Bitmart - Global (USA allowed) Low, trading fees if you use BMX (0.025 %) & Contains a wide variety of coins - https://www.bitmart.com/en?r=7XFCVy
Places where I do Liquidity Mining and Staking
Cake DeFi. Here you have to invest $50 dollars and you get 30 dollars for free. You can withdraw your 50 dollars at any time or use them for Liquidity Mining, Staking, or lending to earn more DFI rewards. The 30 dollars is locked for 6 months but earning you interest for the 6 months. https://app.cakedefi.com/?ref=197670
Celsius. Celsius Network provides a platform of curated services with fair interest, zero fees, and lightning-quick transactions. You can store your crypto and get rewards or lend crypto with low fees. Celsius has been around since 2017 and stated to always have the best interest of the community in mind. My experience so far has been good although I will not stake all my crypto with them...NYKNYC
https://celsiusnetwork.app.link/1046126043
Disclaimer
I do not have any connection with any company I am writing about. I am not being paid to write this article.
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WAX: rx2r4.wam
BTC: bc1qdsrg7qaefxvel6hn6mjemjd4c8jjs40sasyvkp
ETH: 0x4216fEC23Ae7A7d9c46143Ce56C3e8f301F9868c
Bitcoincash:qqesav8kuwcrhl4y8qs9zfjg90cf8dnlkyz43u9w6u
I also Totally disagree to such a huge dump for BTC. It can minimum dump to 23K as I predicted from your data. But you again mentioned for 18K so let us see what happened. In crypto there is no one with 100% prediction. We can precise as much as we can.