Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Willy Woo Says “Bitcoin Will Flash Dump, Then Moon Afterwards”

Willy Woo Says “Bitcoin Will Flash Dump, Then Moon Afterwards”

Kelly Cromley by Kelly Cromley
Aug 1, 2018
in Bitcoin News, News
Reading Time: 2 mins read
0

In May, cryptocurrency veteran Willy Woo predicted perfectly that Bitcoin (BTC) would test support levels below $6,000, before the cryptocurrency market sees any kind of concrete recovery.

While several analysts expected Bitcoin to hold on to $7,000 levels, Woo firmly stated that it will drop below the crucial level. At that time, Woo shared the following opinion.

“I think we are gonna go to $5500-5700 next, I can’t see $7000 holding. Most likely we’ll balance a bit, then we’ll slide through. Long time-frames here, looking into June for rough timing of this to play out at a best guess.”

Woo also stated that BTC may drop below $5,000.

“I don’t necessarily think we’ll fall through the 5000s… sure it’s a possibility but it doesn’t have to. It’s not a repeat, it’s not Mt Gox and Willybot pushing up price with faked orders, we aren’t detoxing from a scam bubble. Technically $5000s is a very strong support band.”

In line with Woo’s forecast, BTC hit $5,825 on June 29. A month later, the crypto king was trading at $8,300 levels. However, selling pressure and Bitcoin ETF rejection by the SEC took a toll on the price, leading to a decline to $7,500 levels in the past two days.

Woo has once again shared his forecast for Bitcoin. He expects the price to plunge sharply below $5,000. Once that gets completed, Bitcoin will rise in the same manner as Gold did during the Wall Street financial crisis in 2008. Woo tweeted the following message

Interesting to see most think BTC will moon. I think BTC will flash dump, then moon afterwards, just like with Gold in WFC 2008. Flight to safety: everything else sells off to USD, then used to unwind leveraged positions, then afterwards havens like Gold and BTC have a bull run. https://t.co/hSscpQXG6n

— Willy Woo [beware of imposters] (@woonomic) August 1, 2018


The main condition laid out by Woo for the big rally to begin in Bitcoin is that institutional investors should start coming in.

“Probably also contingent on how many institutional players are in the BTC market over that period. Normal retail HODLers won’t tend to have large leveraged positions to unwind from, apart from maybe mortgages.”

Finally, to aspiring cryptocurrency traders, Willy Woo gave the following advice to follow while trading in a bear market.

“When in bear, stay in USD as a base currency, then short (and long with extra care). When in bull stay in BTC and do vice versa.”

Woo often prefers to use the NVT signal/ratio to forecast the direction of BTC. Standard NVT Ratio is “the Network Valuation divided by the Transaction Value flowing through the blockchain and then smoothed using a moving average. NVT Signal then applies the moving average to only the transaction value.” The calculation was first introduced by Willy Woo and Dimitry Kalichki.

Previous Post

Tron Wallet, a P2P Android App, is Available On Google Play

Next Post

SBI Holdings To Build Crypto Derivatives Platform

Related Posts

coinmarketcap-hit-by-supply-chain-attack

CoinMarketCap Hit by Supply Chain Attack, Wallets Drained

by Kelly Cromley
Jun 23, 2025
0

CoinMarketCap, a leading platform for tracking cryptocurrency prices, recently experienced a significant cybersecurity breach involving a supply chain attack that...

kazakhstan-unveils-solana-economic-zone

Kazakhstan Unveils Solana Economic Zone for Web3 Growth

by Kelly Cromley
Jun 23, 2025
0

Kazakhstan has formally introduced the Solana Economic Zone Kazakhstan (SEZ KZ), becoming the first country in Central Asia to establish...

space-id-partners-with-enkrypt-wallet

SPACE ID and Enkrypt Simplify Crypto Transfers via Web3 Domains

by Kelly Cromley
Jun 23, 2025
0

SPACE ID has expanded its service capabilities through a strategic integration with the Enkrypt wallet, aiming to streamline crypto transactions...

iost-signet-ring-biometric-wearable

Biometric wearables, decentralized IDs, and passkey tools reshape digital trust

by Kelly Cromley
Jun 23, 2025
0

The evolving Web3 landscape is witnessing a growing emphasis on digital identity technologies, especially as a response to rising concerns...

arichain-partners-with-hero

Arichain and HERO Partner to Reinvent Web3 User Experience

by Kelly Cromley
Jun 23, 2025
0

Arichain, a decentralized platform recognized for its developer-centric infrastructure and scalability, has embarked on a strategic collaboration with HERO, a...

web3-decision-partners-with-arichain

Web3 Decision and Arichain Unite to Empower Decentralized Future

by Kelly Cromley
Jun 23, 2025
0

Web3 Decision, a recognized provider of AI-driven and quantum-secure technologies for blockchain applications, has launched a strategic partnership with Arichain,...

Next Post
SBI Holdings To Build Crypto Derivatives Platform

SBI Holdings To Build Crypto Derivatives Platform

  • Collé Ai

    Collé: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • Blockchain Based Sports Platform SportsMint Unveiled

    by Kelly Cromley
    Apr 30, 2024

Recent News

coinmarketcap-hit-by-supply-chain-attack
Market News

CoinMarketCap Hit by Supply Chain Attack, Wallets Drained

by Kelly Cromley
Jun 23, 2025
kazakhstan-unveils-solana-economic-zone
Market News

Kazakhstan Unveils Solana Economic Zone for Web3 Growth

by Kelly Cromley
Jun 23, 2025
space-id-partners-with-enkrypt-wallet
Market News

SPACE ID and Enkrypt Simplify Crypto Transfers via Web3 Domains

by Kelly Cromley
Jun 23, 2025
iost-signet-ring-biometric-wearable
Market News

Biometric wearables, decentralized IDs, and passkey tools reshape digital trust

by Kelly Cromley
Jun 23, 2025
arichain-partners-with-hero
Market News

Arichain and HERO Partner to Reinvent Web3 User Experience

by Kelly Cromley
Jun 23, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple News
  • Solana News
  • Tether News
Trustpilot

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree