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After 3 cycles of euphoria and depression I’m calling tops for now

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by COINS NEWS 80 Views

Hey YALL,

First I’d like to say my spidey senses are tingling and the alarm bells are ringing on overtime; and I’m calling the top here (within this 72 hour period). The bitcoin top has been breached at 67.8k, and if another big day it’ll be 68.9kish by Wednesday which will mark the absolute top. For the first time in ages I have begun to take profits and rebalanced after buying heavy bags at 16-22k just in 2022.

For the first time ever I have arranged bitcoin shorts. Before anyone asks I rebalanced a small portion and am a bitcoin maxi.

I’ve seen and been apart of each bitcoin since bull and bear market of 2013. I know this post may not be popular and for many will hope I am wrong which I understand. Believe me I made many mistakes in my time. Please use cold storage, have dry powder ready, and do NOT ape into meme coins.. you’ll get through this.

This run has been impressive no doubt, and this rally is similar but more extreme than the 2019 bull trap.

The real winners will be the ones who don’t panic sell and buy bitcoin when it’s in the low 40’s this summer. Bitcoin will at least test the 200W. Remember 25-30% corrections is normal even in bull runs.

However I would like for those to exercise caution (especially for those who have yet to experience the ups and downs in this market. Every indicator is screening this is the biggest bull trap possibly ever. Yes I get ETF’s are out and “this time is different” but remember as fast as retail and institutions buy they can sell. It is different per se in testing ATH before the halving, but the real bull market begins later this year.

Once the FED begins to cut rates this summer the market will drop and experience heavy volatility. The real euphoria will begin 12-18 months with QE and liquidity (similar to 2021). This was a mere warm up.

Doesn’t mean I am a bear. I am an ultra bitcoin maxi, however short term we have hit tops for bitcoin within this cycle pre halving. I’ll see you late 2025-2026 when BTC is >150k. By 2029-2032 over 1m.

The real bull market begins back in October, I will hibernate till then. You can remind me anytime in the summer if I was right or not. Retail FOMO always gets burned. Be careful out there.

I’m here to answer and support.

submitted by /u/SimplyShred
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