"5 Signals That Called Every Bitcoin Low Just Fired” Eric Krown

On Bitcoin

Guest Eric Crown · not counted as Crypto Banter's view.

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• Next weeks (next 2–6 weeks): Leans up: Probably should expect some upside this month, maybe next month. Perhaps as high as low 80,000s, let's say 81 to 82,000 bucks. ▶ 05:44
• Next months (next 2–6 months): Sideways: I basically just expect Bitcoin to be in this range between, let's call it 81,000 on the upside versus about 60,000 bucks on the downside on a closing basis. ▶ 06:03
• This cycle (next 6–18 months): Leans up (timeframe is our reading): So these things all together I think do provide at least the glimmer of hopium for Bitcoin here. ▶ 14:39

If this, then that

• If Bitcoin sets a base and is still within the same range going into summer, then no target given (this cycle, by going into summer): If Bitcoin can set in a base here, dig its heels in and we're still within the same range going into summer, I'm going to turn into Crown runs with bulls. ▶ 06:17

Levels named

• 81–82k: Target (possible high of the bounce this month or next): Perhaps as high as low 80,000s, let's say 81 to 82,000 bucks. ▶ 05:44
• 81k: Resistance, expected to turn price back (top of the expected three-month range on a closing basis): I basically just expect Bitcoin to be in this range between, let's call it 81,000 on the upside versus about 60,000 bucks on the downside on a closing basis. ▶ 06:03
• 60k: Support, expected to hold (base set at about 60k, bottom of the expected three-month range on a closing basis): I basically just expect Bitcoin to be in this range between, let's call it 81,000 on the upside versus about 60,000 bucks on the downside on a closing basis. ▶ 06:03
• 50k: Support (worst case scenario, a quick wick into the blue box): Maybe coming down somewhere to this blue box in the low $50,000 territory. I think it would be a quick wick. ▶ 07:27

Their own position: Holding. I should also disclose I do hold Bitcoin. I do hold SPY. I do hold Triple Q's.