“Bitcoin Is Finished & I'm Shorting It To Zero.”

On Bitcoin

Guest Brendan · not counted as Crypto Banter's view.

Views

• Next weeks (next 2–6 weeks): Expects down (timeframe is our reading): I actually do expect us to actually continuously dump. Maybe we sweep this level. ▶ 26:59
• This cycle (next 6–18 months): Expects down (timeframe is our reading): I was thinking it is very likely that we have topped out for a long time. And that is exactly what happened. ▶ 08:58

If this, then that

• If If the 72-74k retest level does not hold, a gap fill opens up toward 40-50k, then 40–50k (next months): If we do not survive this retest right here, I think it looks very bad. I think this opens up the possibility of a gap fill all the way back down potentially to around the 40 or 50ks ▶ 12:15

Levels named

• 72–74k: Support (Level breached when Trump was elected, resistance after the ETFs, then retested in the April tariff low; called the do-or-die level): the level that you are referencing for me is around 72 to 74k ▶ 11:42
• 40–50k: Target (Gap fill if the 72-74k level fails): this opens up the possibility of a gap fill all the way back down potentially to around the 40 or 50ks right here. ▶ 12:20

Their own position: Short. Yeah, I am still short. I did take profits because I have been short for a long time.