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Lol why would you read and post on a site that is dedicated to such things then ******ed comment of the day and the market isn't even open looool
I hate it when people believe the word”should” is perceived as an order to buy or sell
I hate it when people try to tell others how to invest and when to buy and sell.
Pi,
This is the start of the capitulation, fake spikes will encourage retail to buy again.
Said it before everythings getting rekt,
Should be a nice bounce this morning for the traders here, anyone that bought at low 60’s yday should take a profit.
Looking specifically at bitcoin's recent trading, the cryptocurrency is at No. 11 of DeMark's well-known 13-session countdown pattern, which the technician uses to identify when a rally or decline will be exhausted
If Monday's intraday turnaround ends up leading to only a brief rally, "DeMark wouldn't be surprised to see bitcoin getting hit with a two- or three-day panic selling climax, which could briefly take it all the way down to 26,355,".
* While there's a risk that bitcoin's steep decline in recent weeks could cause structural damage to the cryptocurrency, DeMark is betting that will not happen — just like bitcoin's roughly 56% drawdown from April to June 2021 didn't prevent it from setting new highs in the fall.
Lol well done.. on holding from 100% (ÂŁ3) now down to 20% (60p) to anyone again picking on the way down. Yeah congrats. What a moronic statement. 20p target based on 10k bitcoin. Not long I bet, but keep listening to the rampers as they short and eacape off the backs of people suckered in.
Cancelled my holiday this evening, covid in is quite restrictive. European skiing isn't going to be the same, double jab pass just to go on the slope, recovery cert and pcr crazy. Might as well take a summer holiday instead.
Well done to the people holding and lucky enough to accumulate at these levels, we should open up nicely tomorrow way oversold. We are not out of the woods yet so few more volatile swings before Fed meeting and direction of Nasdaq which look to be bottomed (22% decline from the top0.
These look pretty handy
https://news.bitcoin.com/bitmain-reveals-hydro-bitcoin-miner-with-198-terahash-produces-almost-double-the-power-of-todays-top-machines/
I think the markets looked oversold hence the bounce back in the Nasdaq today. A lot riding on the FED this week but I don’t think this this correction is anywhere near being done.
I’ve all but stopped trying to trade and everything I’m holding is long term. A mix between growth and value to smooth out the bumps and wait for growth upside later in the year.
JAMESY1980, hopefully this is the bull run. Exciting times.
I'm going to find it hard to sleep tonight, i'll try by counting my profit, that should put me to sleep. ;-)
Don't worry HarChris I am half expecting the asian markets to reign it back in over night... they usually do but I hope not this time.
"The era of money printing is drawing to a close "
haha ...not a chance ....the US Government spends $100 billion a month over its budget at the moment ....will never, ever have a balanced budget ....will always have to keep borrowing and printing...
No one can win an election without promising to spend and keep spending ..with money they dont have
Risehall. Its good to hear from someone who knows exactly where Bitcoin is going as many folk much smarter than I (and I suspect you) have struggled to rationalise it. I can find as many predictions of $100k as I can $10k. I just guess and hope…
not buying today*
I said earlier not being today was cowardly and likely to come back to bite me and I think that's proving to be the case...
Did not expect BTC to bounce like this, well played those that got in today at 61p!
Risible Risehall
Even dead cats bounce. Why would bitcoin recover and go higher? The era of money printing and easy credit is drawing to a close. Interest rates are rising, inflation is rising, the economy is struggling, property and other assets are in a bubble and overvalued. The brown sticky stuff has just started to hit the fan. Bitcoin is just a ponzi scheme that has had its day.
Over $37k now. 38+ for 8am would do for me.
Also consider a lot of folk were seriously p1ssed off not buying in at the $30k last time round, including institutions. I'm no expert but they typically buy at big support and sell / take profits at big resistance. Just like you don't wait until the previous ATH to start taking profits you probably don't wait until the big support level before taking a position. Most will be looking at the blood bath in the traditional markets and be thinking the FED is going to be very limited in what is can actually do. Mostly bark, very little bite. Look at all the companies on emergency government loan life support, especially travel. The economy is still awash with FIAT up at those levels and after the crash we've had why would you not start taking a position? Many will see right now as a huge opportunity with limited downside. You also have Whales already with sizeable positions looking to protect their investments; capitulation would not be in their interests right at the start of the year. I see the Alts are starting to turn green. ATOM up 12%. The interest is still there, we just have a few dirty nappies to change.
First needs to push convincingly above $38k resistance to secure some safety.
Chaebol, And if 28,000 doesn't come? We are at 36,000 now, odds are favouring an above 37,000 by tomorrow morning.
@Chaebol. I expect it's just following the nasdaq bounce. I really doubt that's the end of the slide. We're seeing similar action most days. Institutions dumping in large volume and retail buying the dip. Way too dangerous for me. Looks likely to be a bull trap, but good luck to all those who had the courage to enter the ring!
Lol, These are called relief rallies and mugs buying in again on the fake spike
28k will be with us soon.
Yes the next bull run has officially started. I pity those that hesitated and didn't load up earlier...
gone past $36,000.