This Is VERY BAD For Bitcoin.............
The Moon Show
Bitcoin Analysis
- Bearish divergence and lower high/lower low trajectory indicate a downtrend
- To reverse the trend, Bitcoin needs to break above $102
- Potential for a shakeout before the next pump
- If Bitcoin breaks down and bounces back, it could be a good opportunity to invest
Bitcoin Price Prediction
- Head and shoulders pattern suggests a potential drop to $78,000 (15-20% chance)
- More likely scenario: drop to $40,000-$60,000 (60% chance)
Trading Strategy
- The host has a long position open with a tight stop-loss
- Risk of getting stopped out is high (70% chance)
- Recommended exchanges: CoinFlare and Weeks
Altcoins and Ethereum
- Altcoins are currently cheap and may be a good investment opportunity
- Ethereum has a potential inverse head and shoulders pattern, but it's not the right time to invest yet
- Wait for Ethereum to break above resistance before considering a long position
Weeks Token (WXT)
- The host is investing over $1 million in WXT and recommends others to do the same
- WXT can only be bought on the Weeks exchange