Bitcoin CRASH as Predicted! BTC Crashes 19% From May 6th Peak as I Warned it Would - CRASH NOT OVER!

Added: 2026-06-03

[00:00:06]And we're seeing all kinds of liquidations.

[00:00:10]And again, we we were told this wasn't going to happen. Yesterday, we saw boatload of liquidations. We're seeing more today.

[00:00:19]Here on the liquidation heat map here, I'm looking at all the exchanges. And again, told this wasn't going to happen since the May 6th peak. After going sideways, we began to see liquidations and we've been seeing it all the way down. This is the one month uh Bitcoin liquidation heat map at one month worth of worth of data here. Yesterday we saw a bunch of liquidations more today.

[00:00:48]Previously when we took out the uh 50 period moving average again the moon boys told us the experts told us this wasn't going to happen and yet it is.

[00:00:57]the indicators got it right yet again.

[00:01:01]Seeing uh huge huge outflows on the uh Bitcoin ETFs and I just want to say this, Bitcoin is the asset with the most volatility. We're going to be having the Space X uh IPO and again we could see a tech sell off. We could see more selling pressure with Bitcoin as we could actually see Bitcoin get a bigger sell off. We could see a big te tech a sell off in tech stocks in order for money to be raised in order to for institutions and traders to buy the SpaceX IPO.

[00:01:41]The SpaceX I IPO could actually end up producing and triggering a sell-off, a tech sell-off for the market and a bigger sell-off, the next leg down here being part of that uh for Bitcoin that could be behind the scenes of what is al also going on with the selling on Bitcoin that will likely include the text uh selloff and again the the uh SpaceX IPO I think it's going to be what the 12th a week from this Friday see further selling of Bitcoin. and start seeing a tech sell off with that as well as there's a lot of excitement about the SpaceX IPO.

[00:02:21]Signals continue to nail it. Again, we had the warning signs at the 200 period moving average. We had the divergences at the 200 period moving average and signals validated that by turning back to bearish. Here we got a little green circle, but it was only a little bare flag that formed just above the uh 100 period moving average. We've now solidly taken that level out. Signals continue to nail it.

[00:02:48]And remember the bare flag that we have right now, that's a continuation of this. Just as this right here was a measured move of this, this is potentially telling us we could see the bottom begin to fall out of Bitcoin like we did in the last bare market, dropping 68%. That would take Bitcoin down to 25,000. By the way, at those signals at the top on May 5th and 6th, we had it. We peaked on May 6th. This one just gave us a counter trend bounce here. The signals have remained bearish. And now we're seeing the trend turn bearish with the drop back below the 50-day moving average.

[00:03:34]You can see that right here. We had the reversal at the peak there. uh the day after the May 6th peak, we got a short-term bottoming signal here, but again, it was only a feeble bounce uh surrounding the 50 period and then we got rejection at the 50 and now we're getting rejection uh uh trying to bounce off of the 100 period moving average and we're seeing the trend go back to bearish here.

[00:03:56]And I told you I thought the 50 would begin to flatten out and turn down, which it is flattening out now, preventing a bullish golden cross. And this is what happened in the last bare market. So I think that dropping back below the 50 is now validating that the uh bare market rally is done and it may have just been more feeble. Beautiful topping signals at the peak which was validated with divergences and signals turning back to bearish.

[00:04:26]Signals did a great job. Great job.

[00:04:29]Seeing all kinds of weekly signals turn back to bearish. other warning signs back near the May high of momentum flipping in the weekly time frame. Some of the trending signals have turned back to bullish now reverting back to bearish again. I'm looking at the Fibonacci retracements here. 50% retracements down here at 44,000 61.8 Fibonacci down here at 34,000 78.6 Fibonacci 24,000. 100% retracement would be taking out this level. If we go down again, an 80% drop then again you're likely moving to the 78.6 6 Fibonacci near 24 25,000. 78.6 Fibonacci 24,000. Uh 80% drop 25,000. Osma oscillator remains in the negative region now turning red. So either you're going to form a divergence or you're going to do what you did back over here uh with the bare market rally. You got a low and then you went and moved to a new low and it didn't bottom out until you formed a larger divergence uh right there. So again, I'll be watching. Do we form a divergence or do we go to take out this level?

[00:05:35]And as I said, there's going to be bounces along the way. At some point, we're going to get get a bounce. We're getting very oversold. At some point, there will be a bounce, but you're in a confirmed bare market. You're in a confirmed downtrend. There'll be counter trends along the way. But again, it could be that we just uh start moving into a freef fall and just remain at oversold levels for an extended period of time like we did back in 2022.

[00:06:02]Oscillators just nailed it going into the negative region. Signals turned back to bearish, confirming the divergences, confirming the momentum shift. Signals did an outstanding job. And I told you that Moo Boys better pray that I'm wrong that the channel isn't expanding again like I told you it was over here.

[00:06:21]Channels expand all the time. That's what people fail to recognize. Uh and I've talked about again that we may try to bottom around this trend line and the 49,000 to 55,000 area if we do try to get a larger bare market rally. And that could happen if my original thesis if the Fed uh ends up the stock market joins Bitcoin crashes and the Fed panics. But it may be that Bitcoin has to go down into September, October before the Fed does that if the stock market's going to play catch-up because it's it's not doing it so far. Have a positive correlation right now. So the stock market should join Bitcoin with this crash. Last time in in January at the peak, Bitcoin peaked on January 14th. A few weeks later, the stock market did. And the same thing back in October. And here we have it. Bitcoin peaked May 6th. Here we are a few weeks down the road. we could see the stock market peak as it did back in January and in October when Bitcoin did. Those were only corrective moves for the stock market. This time it could be a major reversal because they now have a positive correlation. The stock market now has a positive correlation with Bitcoin. Talked about the measured move and again 68% drop. This is what we've done in the past uh in 2022. If we do it again, you're going down to at least 25,000. If we go down to this parallel channel, uh then again we could be going down to 12 or 13,000 as I've said and it could happen over time into September or October. The four-year cycle remains intact. We're doing the same thing we did before. We dropped 52%. That's where I got the target of, you know, minimum objective target of 50 to 52%. rallied up to the 200 back in 21 2021 2022 and then the bottom fell out of Bitcoin big drop rebound back to the 100 period and then again the diversions that formed in the weekly time frame dropping 68% over a period of several months could see the same thing happen here.

[00:08:26]Please support the channel. Please support the channel with the link directly below that allows me to be able to provide you this information. Again, these are the charts that I use to make my decisions about Bitcoin that uh show me what's going on with Bitcoin. If you find that information helpful, follow the link below, support the channel. I ask that you do that rather than get sponsors. That's how most YouTube channels make their money. And I turn those offers down. If you get a YouTube channel, they constantly contact you. I choose not to do that. So, if you find this information helpful, please support the channel. I'm not here to sell you something. There's a lot of shady deals going on and some of these exchanges, you know, some of them lure people in to get them all leveraged up to wipe them out. And again, I'm not opposed to leverage. I use leverage myself, but I uh again, a lot of the newbies that don't know what they're doing, these exchanges, get them leveraged up to wipe them out. Just a lot of shady deals going on out there out there. So, I don't mind part of it. So, please just support the channel. If you could take a moment, follow the link below when you finish watching the video. Anything helps. If you could just take a moment, let me know you want this information.

[00:09:39]These signals have really helped me. I hope they help you. Please take a moment and support the channel today. Again, Bitcoin has dropped approximately 19% here from thection at the 200 period. If you can take a moment to help out playing out very very nicely, let me know you want this information by supporting the channel today. Thank you for your consideration for that. Uh again, the uh versions have played out.

[00:10:05]We even got one here with the risk uh on we were going to move into a riskoff environment and that was correct. And look what happened. And again the Bitcoin trend it changed and again the signals the risk line would turn bearish. The signals have played out beautifully. I've talked about this uh when the change first happened uh earlier there in May.

[00:10:29]Today is June 2nd, 2026 and it's still a bad day to be bullish on Bitcoin. Why?

[00:10:38]Why? Because Bitcoin's in a downtrend.

[00:10:40]Bitcoin's in a bare market and every rally in a bare market is a bull trap.

[00:10:47]Period. We're seeing Bitcoin drop. It's been down approximately 6% at the lows of the session, trying to bounce off of the lows right now as I'm making the video. Told this wasn't going to happen.

[00:10:59]We were told back at the top early May that Bitcoin was breaking out and it was going to move above the 200 period and it was about to get a golden cross. as 60,000 was the bottom. And these are the people calling 60,000 are the bottom.

[00:11:13]Back when I called the day of the top and predicted this crash that we get a 50 plus% crash, I told you to minimum objective target 60 to 63,000 to kick off the bare market. I was right because that's what Bitcoin does in history.

[00:11:26]It's not rocket science. It's not that hard to figure out. But, you know, if you're a moonboy, you know, you're a lost cause. you're not going to be able to to comprehend that because they don't believe Bitcoin has bare markets because they're a bunch of perma bulls. We want to be objective. We want to be neither bull nor bare. We want to just be in harmony with Bitcoin and look at things objectively. And if Bitcoin wants to be bullish, I want to be bullish. If Bitcoin wants to be bearish, then I want to be bearish.

[00:11:56]We want to be in harmony with Bitcoin.

[00:11:59]We want to align ourselves with Bitcoin.

[00:12:03]Bitcoin rewards those that align themselves with Bitcoin, punishes those who do not.

[00:12:12]Bitcoin is breaking down from a uh a bare flag pattern here, including the shadow. We did it yesterday. Also excluding the shadow, we did it yesterday, which I have with the linear scaling. This is the lodge scaling here.

[00:12:26]We got rejection at the 200 again. The 50 is now flattening out the 10 and 20, the red line, the 10, the blue line, the 20. They're they've now dropped below the 50 and in a bearish arrangement. And I told you that again, we had a head and shoulders pattern. We got a feeble rebound in the form of a little bare flag back to the 10 period moving average. And we got rejection dropping below the 100 period moving average. And again, we got rejection at the 100 period moving average the last time. Now we get rejection at the 200. Now we're taking out the 100. Bitcoin follows the 100 period moving average in the daily time frame. Get above it, good things are happening. You're getting a larger rally. Here we move to the 200 period.

[00:13:07]Dropping back below it is warning, hey, the party's over. The rally is done. The bare market rally has concluded and we had the bearish divergences and the warning signs with momentum was going to shift back up at the top in early May as I've talked about at great length of detail. back at the top warned you we likely had a peak at the May 6 peak just as I warned you back on January 14th that again Bitcoin Bitcoin had peaked and it was going to reverse but again it's a lost cause trying to explain that to the herd again my signals have been so amazingly correct it's incredible we saw the RSI drop below 50 and then we've dropped below 50 on the daily chart getting a 50/50 sell signal in the daily time frame. Last time we had that over here again at the after the peak we dropped below the 50. We back tested it and again uh I dropped below 50 and we had a 50/50 sell signal and through the decline we remained in the negative region with the RSI. We had the same thing over here. We got above the 50 then we dropped back below it. You got a 50/50 sell signal. uh here surrounding this drop below the 50 period. It remained below it and we got a nearly 39% drop. Over here, a 36% drop over here. We dropped below it, but then we got back above the 50 and we found support at the support zone. I talked about how my signals turned back to bullish right there back on uh May uh I'm sorry, back on u February 5th and 6.

[00:14:40]I predicted that we'd get a rally to the 74,000 to 80,000 area. We went a little bit higher to 82,000. Told you over here that I thought we uh had a peak at 76,000, but then we found support at the support zone and all my signals warned that we were going to go back up and test that high either for a lower high or a higher high and my signals turned back to bullish. We got the higher high scenario and moved all the way into the 80,000 to 84,000 area here just getting a peak at 82,000. So, a little bit higher than my estimate over here of 74 to 80,000. uh we went just a little bit above that. We formed a bare flag and I told you this may be the bare market rally and it's just more feeble than the last one in 2022. We only rallied just under 38% and we got rejection still at the 200 but didn't even make it to the 50% retracement owing to the 38.2 Fibonacci notice dropping below the 50 getting above it dropping below the green line getting above it dropping back below it. RSI has now dropped back below the the 50 level. you got another 50/50 sell signal and that's when uh bad things really start happening for Bitcoin. Bitcoin had a three-month rally exactly from February 6th to May 6, 3-month rally convinced everybody that uh Bitcoin hit bottom. And again, these are the people, you know, pe the people calling 60,000 as a bottom. The same people that were laughing at me and mocking at me for saying that Bitcoin topped back over here, calling the day of the top and predicting we drop 50 to 52%.

[00:16:12]They said it wouldn't happen. They laughed and mocked at that possibility when I said it. But yet I was right.

[00:16:17]Moonboy propaganda was wrong. The experts were wrong. They tried to tell us we had a bottom at 105,000, 103,000, 99,000, 80,000. I keep telling you again, they're not the bottoms. I told you 80,000 was not the bottom. As I've told you over and over, 60,000 is not the bottom. Even though I'm the guy that predicted it. I'm the guy that called it and I was correct.

[00:16:43]Now, at the moment, Bitcoin is down 5.40% or 5.36. Now, at the moment, was down nearly 6%.

[00:16:54]As long as we hold below the 100 period moving average, again, the odds greatly favor, we're going to soon take out 60,000. Again, Bitcoin is now dropped nearly 19% since I called the May 6th peak, the lower high. Just as I called that January 14th peak at the 100 period, I told you over here, we were uh peaking at the 200 period moving average. Told you if I was wrong about that, we'd have to be able and to try to move to the 50% retracement. We'd have to try to get above the 200 with my signals turning back to bearish. My signals remained my signals turning back to bullish. My signals remain bearish and we saw the bearish arrangement of the moving averages. We drop below the momentum cloud here. The momentum cloud continues to act as resistance to 10 and 20 period continue to act as resistance.

[00:17:42]We took out the trend line. We took out the 100 period. We took out the the trending cloud and the trending cloud has turned bearish into the future. So again, all this is bearish. Told you the 10 and 20 will continue and the momentum cloud will continue to act as resistance. Nothing more than a counter trend rally likely the bare market rally as I've said and it was just more feeble. There's a good chance we have a larger measured move as I talked about.

[00:18:12]And let me just say this again. And I talked about these divergences that fell on deaf ears with the herd. Uh again warning signs in the weekly type. The signals continue to be correct. We had these backto-back divergences on the RSI and again the larger multiple point divergences like on the histogram and momentum and I talked about all this the rate of change and again they're all going into the negative region. Now this is not good. And again we saw the drop below the 10 and 20 period and then the 50 period losing that. Now we're losing the 100 period moving average uh yesterday and continue to drop uh today.

[00:18:50]The MACD had the bearish divergence moved into the negative region and again boys couple of oh the stochastics at extremes bottoms in how how's that working out? How's that bullish stochastic working out? Again these are just short-term price fluctuations. You can remain at extremes for an extended period of time like we did over here like we did as we were rising.

[00:19:11]just short-term price fluctuations is not defining the trend.

[00:19:16]I've warned and warned I was you know through this 19 plus percent decline right here approximately 9% 19% I should say uh again I've been warned by the moon boys I'm going to be sorry and again indicators right yet again and again I warned you the MACD was moving into the negative region last time that happened we dropped 39% when it happened over here we dropped 36% from the top uh again warned you about this oscillators going into the negative region after divergences form.

[00:19:54]This is what has happened the last uh two uh legs down here. We're getting yet another leg down. I'm showing you this chart on Bitcoin and warned you. I I posted this on X and again I had several moonboys just totally attack me but yet I warned again pre-parameter my oscillator rolling over. This is telling me we're about to get a bigger drop.

[00:20:20]When this happened back over here again the bottom fell out of Bitcoin. You dropped 68%.

[00:20:26]That' take Bitcoin down to 25,000. Oh no. No. Bitcoin might go to 45,000. It might go to 55,000. It might go to 45,000. Maybe 37,000. But come on, it's not going to go down to 25,000. No way is it going to go down to 12,000.

[00:20:41]Historically, Bitcoin drops 80 to 90% in a bare market. That means it's going to go down to 12 to 25,000. That's my target level. 12,000 90% drop. 5,000, which would be the 68% drop like we got over here. That take you to 25,000. That would take you to an 80% drop. How is that so unreasonable to believe that Bitcoin's going to do what it's always going to do? The reason I was able to correctly call the crash to kick off the bare market is because that's what Bitcoin always does to kick off a bare market and when it completed the four-year cycle. But again, people want to act like it's being unreasonable to believe that Bitcoin's going to do what it always does. Maybe the bare markets are becoming smaller and smaller, possible. I'm open-minded to that. But again, my signals are still bearish and I see no evidence of a bottom and my signals are warning that we're uh getting possibly the next leg down of the bare market or at least another sell-off. My original thesis we get we drop below 60,000 and then we go higher and get a larger bare market rally. But I told you uh again, sorry about that. I had to take a call. I warned uh again print parameters rolling over at the center line. Last time that happened, the bottom fell of Bitcoin. And again, we have done the same thing. We've we've sold off 52%, sold off 52%, rallied back into the 200, rally back into the 200.

[00:22:07]Pring parameter remaining in the negative region, rolling over. Pring parameter remaining in the negative region, rolling over. The pull up to the center line, marking the counter trend, the end of the counter trend, bare market rally. pull up to the 200 period and pull up to the center line marking the end of the potential bare market rally if that's it.

[00:22:30]You know, I've I've spent a lot of time recently working on my indicators and I have finished uh four of my indicators, four new indicators. I create my own indicators and been sharing with that with you the last couple of videos and talked about my new indicator here and how it turned bearish the week of the top. We had a fake breakout the week before but it started to turn after the August peak here in the weekly time frame. had a fake breakout and again it marked it with the turn immediately uh the week after the week of the peak and we have we've had bars red ever since as I pointed out in my last video that again in the bare markets the bars after the reversal they've been bearish through the entire bare market until it ends. So again, this is telling me it's not over. And again, we're going to take out 60,000 just as I told you 80,000 wasn't the bottom. I'm talking about my strategy might be changing here is because look what happened after the bare market rally over here. I mean, you just moved into a freef fall. You got a bounce and then it just continued and it you dropped 68%. You know, so we might see something like that where we just get move into this freef fall. Now we're down 8 and a half% for the week.

[00:23:43]Previously, the 50 EMA and the 50 simple moving average. Here I have the EMA. It acted as support on the way up. Now, it's acting as resistance and we couldn't clear it. Back over to the last bare market, we did clear it briefly and then we dropped right back below it. My indicators are telling me again we have more likely uh a lot more downside. And when we get down to the 2 and 300 week moving average, it's possible we get a bare market rally there. If we don't have it here already, there's a good chance it's over and done with. It's just more feeble.

[00:24:16]You know, in my last video, I talked about how my second favorite mumbo is saying, "Well, we're we're testing this trend line right here, and how could anybody possibly be bearish because we're at major support." Well, the problem is we broke the 2022 trend line already. We broke we broke the 2020 trend line already and back tested it. And we've already broken the trend line from the 2015 low.

[00:24:45]We've already done that. I've talked about the 50-month moving average. And if we lose the 50-month, we lose the two and 300E moving average.

[00:24:55]we lose the green line, the 50-month moving average. We've already dropped below the 10-month moving average, broken the trend line, then you're going to have a change of behavior because again, uh the drops below the 50-month moving average have marked the bottoms in the past just under it here uh over here in the bare market and at the pandemic and back over here in 2013 to 15, the 50month moving average and the two and 300 week moving average. As I've talked about, I think you're going to take those levels out and get a much bigger drop to go back and test 15,000.

[00:25:24]Either a higher low at 25,000 or a lower low at 12,000, an 80 to 90% drop because all these bare markets that you're looking at right in front of you, again, 86% 84%, 78 12%, the smallest one, the one before that was 93%. Bare markets are approximately 80 to 90%. They could be getting smaller and smaller, possible. I'm open-minded to that, but I'd have to see evidence of a bottom.

[00:25:48]Even if we go down where some of my levels are suggesting 37,000 or so, well, that's still a 70% drop. I'm open-minded to that. But when you know, I'm just saying historically, Bitcoin has done this thing. The uh 80 to 90% drop. I think you're going to get a change of behavior in that you're going to take out the 50 and I think you're going to hold below it just as I think you're going to take out the two and 300 week moving average and eventually hold below them. I try to bounce off them if you get that larger bare market rally scenario but that might be off the table now if we've just had a more feeble bare market because we got rejection at the 10month moving average as we've done before over here in these other bare markets. So again, the bare market rally could be over and it was just more feeble. That's why I'm saying my strategy change here in that we might be getting this big drop. You know, after you get these rejections at the 10-month moving average, you get these big drops.

[00:26:47]But here we found support at the 50-month moving average. Here getting rejection at the 10-month, you might take out the 50month moving average.

[00:26:55]This black line right here, this little kind of dot is the beginning of the 200 month moving average about it. I talked about it in the weekly time frame. The two and 300 week moving averages have marked the bottoms over here. The 200, the black line, the 300, the red line uh over here in our last bare market. We hit it, bounced, and then we dropped below the 300 and marked a bottom over here in 2017 18 here with the pandemic. the 300 2017 18 the uh 200 week over here again hitting the 200 week in 2013 to 15 and then dropping and hitting the 300 week as it began here uh again told you after we topped and as we were starting to decline since November I've been telling you that again the moonboys we're going to come down to the 200 and 300 week moving average and the moon boys are going to declare a bottom again they've been declaring a bottom all the way down but it could We have a change in behavior. Again, taking out the 50-month moving average, we could take out the two and 300 week moving average and the 200 week could begin to decline. That would be extremely bearish for Bitcoin.

[00:28:03]200 week has been rising. The black line has been rising. If it starts doing what the 50we moving average is doing right here, rolling over. This is the 50WE.

[00:28:13]And about how we're getting rejection at the 50 uh week EMA. And here the simple moving average. it was support and now it's resistance. I think you're going to see a change in behavior that could open the door to go down and test 15,000 for either a higher low at 80,000 or I think could really be uh a possibility is going down and testing the trend line here at around 12 or 13,000 and you have that again that channel u draw it perfectly here but you can see what I'm talking about and that could take us under 15,000. And so my objective target minimum objective targets for the bare market the u pattern continues to be 80 to 90% for the bare markets uh would be a 12,000 to 25,000 target level for bitcoin.