Crypto News: June 30, 2022 Crypto Crash; Stock Market Crash?

Biden's Economy is Thriving?

We see the narrative forming that the Biden Economy is thriving and we are doing great, but wait... That was the wrong narrative because we can see the almost 30% increase in the cost of living since Biden has taken office.

It is no secret that Biden along with all of his Democrat Party has been sending Billions to Ukraine for "War Defense" or was it more "Hush Money" since we know for a fact that VP Biden under Obama bribed Ukraine officials to drop an on going investigation against "Hunter Biden"

Not to mention all the money Biden has been spending on the Paris Climate Agreement by reinstating it after Trump ended it. Would it be a coincident that they are now spending Trillions on it? I doubt it. The FED can't even hide how bad the situation has become under Biden.

Could we have done some thing differently? Yeah, instead of locking down countries and creating a rekt economy we could have operated using common sense. Instead our elected officials could only think about how they could keep their jobs and take over further control.

That is why they intentionally leaked Covid-19 with the help/cooperation of the CCP. Now we see the United States Markets tanking worse than it has in over 50 years. The stock market hasn't moved this way since before I was born.

Unfortunately this will be the ultimate catalyst that sends Bitcoin down to:

Bitcoin: $9,000 to $12,000 Incoming!

Bitcoin has been headed in a downward spiral for some time now. I wrote about the down sides of the Market back in March. I appologize for not staying current as I have had a ton on my plate this year. I know we have had a lot of circumstances happen recently that could potentially be blamed for the downside of Bitcoin.

However, if we are being honest. Those issues didn't effect Bitcoin like you may think. The expression "the price is programmed" is not technically true, but it does hold merit when you look at the charts.

The chart above you can see a very strong downward resistance level in "YELLOW" that is the line we broke above and used a temporary support level for a bit. Now Bitcoin is back below the line on it's decline to $9,000 with a best case scenario of $12,000

The $9,000 with flash crash lower is expected more and more. The more Markets shift we start hearing major influencers talk about the levels I have been going on about for awhile now. This could be sign that I read the charts the wrong way, but it was correct at some point.

The Green line from the last candle that reaches down to $9,000.00 is a potential theory: The theory being that Bitcoin is going to decouple from other Markets at about $9,000.00 and Blow Up in price ahead of the next Halving. That is the theory that most likely will not happen.

Do Kwon LUNC:

Do Kwon & LUNA: I am sure everyone has heard by now about the Do Kwon scam. Anonymous has vowed to reveal evidence of the Do Kwon Scam that a lot of people are naif to see. Do Kwon walked away with Billions of $$$ from Luna v 1.0 after he helped crash the UST peg to the dollar.

Do Kwon intentionally left the exploit so he could dump everyone than repurchase enough LUNA to make a proposal in his favor and pass the proposal with out anyone being financially able fight against it.

Not to mention the fact that he gave his self even more Luna 2.0 so he can do the same exact thing twice. The issue here is that Do Kwon and his counter parties knowingly attracted investors under false pretenses and crashed Luna in order to benefit majorly.

The sold off Billions of dollars in Bitcoin which is alleged to have plummeted the prices of Bitcoin, which is actually False. This scenario was used to liquidate longs in order to steal even more money from retail investors.

Which is more than likely why Anon is getting involved with the ordeal. Hopefully soon every has the full picture and Do Kwon has all of his assets frozen and returned to little investors that lost near everything.

How do I feel about LUNC?

I am feeling positive by all the feedback from the new LUNC community. By all appearances LUNC looks like it could be a nice bet for the next halving cycle which is still some time out.

Provided the Community now is able to attract more long term investors and gain Dev's that don't stand behind Do Kwon. The LUNC community could come out very far ahead.

Also another major concern is that Do Kwon is hodling a major amount of LUNC in order to attempt to control both Networks. The best thing for LUNC is for Do Kwon to not hold any influence over the network.

What about LUNA 2.0 ?

Luna 2.0 holds no chance of becoming a reputable currency or project as long as Do Kwon stays in it. The people that Do Kwon wronged will not let him easily live this one down, rightfully so.

Do Kwon will bail out on this project towards the top and expose a loop hole to crash the entire network while he walks away with Billions more than he did with Luna v 1.0 Luna is already down from $15 to just a $2.00 earlier. I also failed to mention how Do Kwon wronged new investors that poured into LUNC after the crash.

The airdrop for new Luna was a joke. Do Kwon made it so the air drop would back date to before the crash. Although I believe natural selection should have taken place.

Celsius Network

Celsius Network has Pause Withdraws since around 5/13/22 blocking users from withdrawing funds. The speculation is that Celsius had no choice to pause withdrawals in order to keep from going bankrupt, however it seems as if though Goldman Sacks is lined up to buy out Celsius Networks assets at a major discount which will leave the little guys screwed further.

Rumors are that Celsius Network had been highly vested into Luna as well as highly over leveraged in the market at the wrong time. This has effected a lot of individual including myself.

Bitcoin Cash

I do believe that we are around our total bottom on Bitcoin Cash. However if we continue at this rate with Bitcoin going down we will most likely see $28 BCH which would very worse case scenario. I was actually thinking more around $75 at this point in time.

I would like to see BCH brake away from BTC but that isn't going to happen this decade IMO but hopefully I am wrong.