u/regardus_maximus ·
Reddit — r/wallstreetbets
· May 21, 2026 at 20:26
· ⬆ 15 pts
· 💬 23 comments
| View on Reddit ↗
AI Summary
Summary
Author argues Bitcoin (~$77.7K) will drop to $60K–$48K based on rejection at the 200-day SMA and historical midterm-year patterns (2018, 2022).
He is fully short via BITI and SBIT, admits limited capital ($20K) and a small loss, but expresses high conviction in a "schizophrenic drop."
The analysis is speculative, lacks fundamental data, and relies on chart pattern fitting and a vague “4-year cycle” reference; quality is noise/emotional venting rather than rigorous DD.
Score15
Comments23
Upvote %69%
▶ Full Post Text
OK RETARDS, MR BEN COWEN HAS DONE PLENTY OF PRICE ANAL YSIS TO SUGGEST BITCORN IS IN A BAR MARKET. JUST LOOK AT A 1 YEAR CHART, ITS FUCKED. I DON'T DO THE DD BECAUSE I AM IN-FACT RETARDED. I DONT EVEN KNOW WHAT DD MEANS, DONKEY DICKS? MR COWEN SAYS BITCUCK HAS BEEN DOING THE 4 YEAR CYCLE THINGY AND HAS NEVER BROKEN OUT OF THAT AND SO YOU REALLY HAVE NO REASON TO THINK ITS GONA DO ANYTHING ELSE, YOU KNOW, NOTHING EVER HAPPENS TYPE SHIT.
BASICALLY. BITSHART HAS BEEN REJECTED OFF THE 200 DAILY SMA 3 TIMES AND IF YOU LOOK BACK TO OTHER MIDTERM YEARS, 2022 AND 2018 NOTABLY, WHAT COMES AFTER BEING REJECTED BY THE 200 DAILY SMA COULD BE CATEGORIZED AS NOTHING LESS THAN A SCHIZOPHRENIC DROP.
I THINK, FROM WHERE THE CURRENT PRICE IS, LIKE 77.7K, ITS GONA DROP AT LEAST BACK TO 60K AND PROBABLY CONTINUE TO LIKE 48K.
I AM FULL PORT INVERSE BITSHIT BUT ITS ONLY LIKE 20K OF MONEY SO WHO REALLY EVEN CARES TO LOOK AT MY POSITION ITSELF. I AM JUST A POOR AND AM DOWN LIKE 3.5 PERCENT BECAUSE IM RETARDED AND DIDNT GET MOST OF MY BITI IN AT THE TOP LIKE A TRUE KING AND RECENTLY BOUGHT A LITTLE SBIT AND QUICKLY GOT TRAPPED AND CUCKED.
THANK YOU FORYOUR ATTENTION TO THIS MATTER
Bitcoin has been rejected three times at the 200-day SMA and is currently near $77.7K; in prior midterm election years (2018, 2022) similar rejections led to severe drops. A break below $77K could trigger stop-losses and momentum selling, targeting the next support at $60K and possibly $48K. Short Bitcoin directly or via inverse ETFs (BITI/SBIT) to capitalize on a technical breakdown. If Bitcoin reclaims the 200-day SMA (~$78K+), the short thesis invalidates; also, macro news could spark a rally.
This Reddit post, published May 21, 2026,
features u/regardus_maximus
discussing BTC.
1 trade idea extracted by AI with direction and confidence scoring.