Bitcoin price discussion and analysis

[matty77]

I'd love to see BTC drop to $18-20k USD and then maintain support there will be fine.

 

[sptrawler]

Interesting article on bitcoin, I read it and still don't understand it. ?

Bitcoin and tulips have a lot in common. Will their investors share the same fate?

Bitcoin could go beyond $US100,000 sometime in the near future. But if everyone suddenly decides to abide by the rules of economics and starts acting rationally, be prepared to lose everything, writes Ian Verrender.

www.abc.net.au

 

[moXJO]

You've seen my posts about RIOT. There's plenty of money to be made

You need to be trading a jazzier named coin like $ASSCOIN, $PooRocket or the classy $Putinclassic.
No one's going to take a coin named RIOT seriously.

 

[matty77]

ALT coins have possibly had there day for this run, so if you are going to trade them you will want a quick entry/exit or you will get burned. If we get another bump up be prepared for weak hands to sell ALTS as soon as they are in profit, the last few weeks have scared a few people I think.

When we know the bull market is over officially you can expect most of these to lose 90% of value fairly quickly.

Keep that in mind.

 

[qldfrog]

BTC reached 50k again, made $23 profit trading a fraction while working on my systems: buy, put SL, raise SL ,keep an eye for SL going thru trigger, get your free coffees on sale 20 min playing with $1.6k
Or a smashed avocado on toast, a shame i am no millennial ;-)

 

[over9k]

You need to be trading a jazzier named coin like $ASSCOIN, $PooRocket or the classy $Putinclassic.
No one's going to take a coin named RIOT seriously.

Good evening, all ye unfaithful:

 

[over9k]

Lol.



Hanging out for yet another dip tomorrow now

 

[over9k]

Really gotta wonder if it's market manipulation though. Have they sold all of theirs off, torpedoing it with the tweet, and we'll soon see a "Due to developments in bitcoin mining technology making it far greener than it previously was blah blah blah we're now going to start accepting it again" policy & accompanying tweet?

Classic pump, dump, repump?


There's no way he's not aware of how much he can/does manipulate markets simply through his actions.

Nek minnut:



Start buying.

 

[over9k]

Just in case anyone's wondering just how volatile this thing actually is. A $14,000 movement in a single day is off the hook.

 

[over9k]

Also, aftermarket numbers:



Standard one day turnaround (so a plummet tomorrow) seems to still be in effect. We shall see!

 

[moXJO]

You need to be trading a jazzier named coin like $ASSCOIN, $PooRocket or the classy $Putinclassic.

Disclaimer: do not buy these coins

 

[moXJO]

Nek minnut:

View attachment 124828

Start buying.

News cycle for the win!

Seeing some positive news and people getting greedy again across multiple forums. Lots of people sold at the bottom though.

Bitcoin not going under $20k was taken as a bullish sign by Bitcoin faithful. I still think we rally and weaker hands shake out to break even across a lot of coins. But short term trades are still netting 100s% on some of these sht coins.

 

[over9k]

Mm but we're back below the 40 mark now. As I said, it's been a literal one day turnaround every time so far so let's see what tomorrow (tonight) brings.

 

[BlindSquirrel]

I gots me some hopium.

Falling wedge target push to ~60k, coming back to the 0.618 fib then launching to complete an inverse H&S pattern with a target to $90k.

Lock it in Eddie!!

 

[over9k]

What makes you say that squirrell?

 

[BlindSquirrel]

We're still in a bull market. There's a LOT of blind optimism in there, and some rudimentary TA knowledge.

My FTX leveraged account got decimated by last week's crash. Only the staked FTT, SOL & RAY are left along with a couple of bull tokens which are currently at cents in the dollar of the initial investment. For future degenerate trading I'll create a subaccount to quarantine them.
I've got several other exchanges where I hold spot tokens so I'm still 3x up from last year, just not 7x like I was a month ago.

Giving back profit sucks and I would not recommend it.

 

[moXJO]

Rally and bounce down as everyone tries to lock in gains or minimise losses.
People are just going to sell into rallies.
Good short term trades though

 

[Dark1975]

I gots me some hopium.
View attachment 124849
Falling wedge target push to ~60k, coming back to the 0.618 fib then launching to complete an inverse H&S pattern with a target to $90k.

Lock it in Eddie!!

I don't see that playing out now, i see another sharp leg down,
Its distribution stage,
Exactly playing out to the wave count,
I'm expecting another leg down possibly lower than 41k , and I seen a retesting
Which I hope so , so i can swing trade it all again .
This aint any finacial advice ?pls DYOR

 

[Dark1975]

We're still in a bull market. There's a LOT of blind optimism in there, and some rudimentary TA knowledge.

My FTX leveraged account got decimated by last week's crash. Only the staked FTT, SOL & RAY are left along with a couple of bull tokens which are currently at cents in the dollar of the initial investment. For future degenerate trading I'll create a subaccount to quarantine them.
I've got several other exchanges where I hold spot tokens so I'm still 3x up from last year, just not 7x like I was a month ago.

Giving back profit sucks and I would not recommend it.

And can i ask what makes you think we in a bull rally still?
Cause i was still bullish till the 19th of may until the 200ema was broken, If it breaks the daily time frame i can understand the sediment but breaking the 200emA concludes bull run is over in the short term,
And i only see a retesting and possible slow build up over time to regain confidence.
A lot ppl got crushed in the last leg down to 41k , Even myself i didn't lose though gave a lot of profits up.
I've now conceded to a new trading plan which is just swing trading between the zones of 41- 55 k for btc, Short term trades, And
makes good short term trades of this volatility

 

[over9k]

I posted elon's market manipulation up above. C'mon, I'll bet you a fiver that tesla starts reaccepting bitcoin as payment sometime soon