Hi guys, been a while. Today I'm going to show you why I think or believe BTC is on the brink of an epic move to the downside. Before we dance to the bits there are some disclaimers that need to be done: I am not a financial advisor and I have no plans to become one😎😆. I'm just a normal trader that makes educational contents on here for educational purposes alone. Please contact a financial advisor if your crypto bags weigh a ton. Also know that I hold BTC as a part of my portfolio and I promise that no bias narrative from me is gonna be spun 😎. Please stick around and dance with me😇.
At the time of writing, BTC sits uncomfortably on $40,360 and that's pretty cool. Now I've seen many people look at the Crypto market on lower time-frames ( 1hr, 4hrs and sometimes dailies) well that's cool if you just wanna make peanut money. Well, I think it's time to look at bigger time-frames because that's when you can make a lot of money or lose a lot of money😐( which many of us are trying to avoid). Note: don't forget the disclaimer up there.
Take a look at the 3Days chart on the Gaussian channel and check the history of BTC since 2014, 2018 and 2020, you'll see a pattern. BTC is about to do its historical rally to the downside.
This happens when the Gaussian channel turns red and we get rejected at the median line, and has happened 4 times since 2010, 3/4 times was catastrophic- having a 40-50% drop in price. We are trading around $40k today after getting rejected at around 47k(median line), if that happens( which I'm 63% sure will 😂) we might be seeing $26k BTC or lower before the end of the year and we're going to stay low for a while just like we did in the previous cases. If that happens, don't panic because that'd be the best buying opportunity of your lifetime if you've got nothing to no crypto in your portfolio or you're looking for a time to fill your bag.
3Day death cross 💀
I know there is a good % of moonboys in the crypto space today-thanks to Crypto Twitter 😂. Men lie, women lie but the charts don't lie. Take everything you see on Crypto Twitter seriously at your own peril, DYOR.
There's only been a few 3Day death crosses on Bitcoin 🤔 and all led to a dump. I think the next one is going to happen by the end of may, so be prepared. It's just amazing that everything happening on the charts today looks similar to what happened in 2018
pHBD, HBD or UST? 🤔
History doesn't repeat itself, it rhymes. If this plays out as expected from the charts, I think it's time to get on stable coins cud it's gonna be a long ride, we might stay low for a year. Now that brings the question of what stable coin should you hold? 🤔.
Terra UST gives a fantastic APY of 15% and looking at the current development in their space, I think buying billions of dollars ($20B) worth of BTC to back UST is wonderful making UST attractive to whales 🐳 🐳 who understand what's coming.
Recently there's been an increase in the APR of HBD which is amazing 😇. There's nowhere out there where you can get a 20% APR on your stable coin stake. The only problem with HBD is the supply which you can't get on the market as easy as others. Getting 5-6 figures HBD in the market is a nightmare.
pHBD fixes this
Less than 94hrs ago, updates from the PolyCub family on hive gave an announcement about launching a pHBD-USDC liquidity pool where you can get pHBD and unwrap it to HBD. This didn't just solve the supply problem for HBD, it opens another floodgate of opportunity. The APY on pHBD is currently at 58% 😮 and this could drop but will not go below 30%. So you have the option of holding HBD (20% APR) or pHBD(58% APR). I know what to hold 😋.
What are the chances of all these not to happen?
I know moonboys gonna hate but this is just my opinion and anything can happen, crypto is insane 😂 . Looking at the chart, if BTC can break $53k and stay above that price level, then we're heading to a new all time high and negates this "4yrs cycle theory" that's about to play. If it doesn't, then the 4yrs cycle continues.
Please note: I am not a financial advisor and I have no plans to become one. I cannot tell you how to spend your money or what to do. This is just for Educational purposes and for fun. Do enjoy the rest of the week. I'll catch you on the next one ✌ 😎. Gracias
