Bitcoin price discussion and analysis

[qldfrog]

Above 50k we are this week.amazing

 

[noirua]

Bitcoin Live Chart: https://uk.advfn.com/p.php?pid=staticchart&s=COIN^BTCUSD&p=0&t=24
Hits $56,000.

 

[noirua]

NASDAQ: RIOT: https://uk.advfn.com/p.php?pid=staticchart&s=N^RIOT&t=1&p=0&dm=0&vol=0&width=405&height=217&min_pre=330&min_after=240
NASDAQ: MARA: https://uk.advfn.com/p.php?pid=staticchart&s=N^MARA&t=1&p=0&dm=0&vol=0&width=405&height=217&min_pre=405&min_after=280
NASDAQ: CAN: https://uk.advfn.com/p.php?pid=staticchart&s=N^CAN&t=1&p=0&dm=0&vol=0&width=405&height=217&min_pre=405&min_after=240

 

[noirua]

BlackRock’s Rick Rieder says the world's largest asset manager has 'started to dabble' in bitcoin

Rick Rieder, BlackRock's chief investment officer of global fixed income, told CNBC there's a growing acceptance that bitcoin should be part of a portfolio.

www.cnbc.com

 

[noirua]

Courtesy of 'horneblower' on another domain website.

 

[noirua]

Bitcoin dips below $48,000 as nearly $6 billion in crypto futures are liquidated

The price of bitcoin has dipped below $48,000 from nearly $57,500 on Monday as derivatives positions worth almost $6 billion get force liquidated by crypto exchanges.

www.theblockcrypto.com

More than 645,000 traders were liquidated in the last 24 hours, and the largest single liquidation order happened on Huobi for bitcoin, valued at $20.66 million, according to Bybt.

In the last 24 hours, $5.65 billion worth of open interest was liquidated by crypto exchanges, according to tracker Bybt.com. In other words, crypto exchanges liquidated traders' overleveraged positions.

 

[qldfrog]

so sold 0.2BTC at $73k AUD..not a bad timing, bought back half of this at $61k and another order for 0.1 at $52k


As seen in chart, $58k is kind of a support next down is $52k ish so my reenter orders, obviously with the AUD/USD playing around, I had to give some margins
And if I am wrong about rebound, 40k the next stage but I do not believe that

 

[moXJO]

so sold 0.2BTC at $73k AUD..not a bad timing, bought back half of this at $61k and another order for 0.1 at $52k

View attachment 120518
As seen in chart, $58k is kind of a support next down is $52k ish so my reenter orders, obviously with the AUD/USD playing around, I had to give some margins
And if I am wrong about rebound, 40k the next stage but I do not believe that

I'd like to see $30k, but good luck to me.

 

[moXJO]

Bitcoin dips below $48,000 as nearly $6 billion in crypto futures are liquidated

The price of bitcoin has dipped below $48,000 from nearly $57,500 on Monday as derivatives positions worth almost $6 billion get force liquidated by crypto exchanges.

www.theblockcrypto.com

More than 645,000 traders were liquidated in the last 24 hours, and the largest single liquidation order happened on Huobi for bitcoin, valued at $20.66 million, according to Bybt.

In the last 24 hours, $5.65 billion worth of open interest was liquidated by crypto exchanges, according to tracker Bybt.com. In other words, crypto exchanges liquidated traders' overleveraged positions.

I was watching the action and was wondering if something like this was happening.

 

[Garpal Gumnut]

My take on BTC.

gg

 

[qldfrog]

My take on BTC.

gg

but tulips are great for the sellers of bulbs and cut flowers before the end of summer ;-)

 

[Country Lad]

Oh dear, poor Elon.

The slump in bitcoin's value, along with Tesla's falling share price, have shaved $US15.2 billion ($19.2 billion) off Elon Musk's net worth, causing him to lose his title as the "world’s richest person".

Mr Musk's downgrade on the rich list was, in part, due to his tweets over the weekend that the price of cryptocurrencies bitcoin and ethereum "do seem high lol".

The Tesla CEO's comments about the "high" price of bitcoin came two weeks after his electric car company said it had invested $US1.5 billion in the volatile digital currency, and would accept it as a payment method in the "near future".

"While Tesla on paper made roughly $US1 billion on bitcoin in a month that exceeded all its EV [electric vehicle] profits from 2020, the recent 48 hour sell off in bitcoin and added volatility has driven some investors to the exits on this name in the near-term," he said.

 

[BlindSquirrel]

That sounds like an opportunity to get in... on Microstrategy.

 

[Dark1975]

so sold 0.2BTC at $73k AUD..not a bad timing, bought back half of this at $61k and another order for 0.1 at $52k

View attachment 120518
As seen in chart, $58k is kind of a support next down is $52k ish so my reenter orders, obviously with the AUD/USD playing around, I had to give some margins
And if I am wrong about rebound, 40k the next stage but I do not believe that

Nice work Mr frog
I also bought alot of BNB all the way from $280 - $250 in 5k lots, it was way , oversold,
Also was a good time to buy XRP (pendind SEC Case) could be a good return if they win

 

[BlindSquirrel]

I had a trailing buy order on BTC that activated at 49k. Not too shabby. Even if it dumps to 30k I will buy more, eth too.

(This is one of the first times I've been cashed up for a retrace!)

 

[grah33]

Oh dear, poor Elon.

The slump in bitcoin's value, along with Tesla's falling share price, have shaved $US15.2 billion ($19.2 billion) off Elon Musk's net worth, causing him to lose his title as the "world’s richest person".

Mr Musk's downgrade on the rich list was, in part, due to his tweets over the weekend that the price of cryptocurrencies bitcoin and ethereum "do seem high lol".

The Tesla CEO's comments about the "high" price of bitcoin came two weeks after his electric car company said it had invested $US1.5 billion in the volatile digital currency, and would accept it as a payment method in the "near future".

"While Tesla on paper made roughly $US1 billion on bitcoin in a month that exceeded all its EV [electric vehicle] profits from 2020, the recent 48 hour sell off in bitcoin and added volatility has driven some investors to the exits on this name in the near-term," he said.

but the current bitcoin price is still higher than Elon's entry

 

[Dark1975]

Just sold my BNB $354 ,,, bought on average between $253- $284 (average was $261 )
When i starting buying @ 1am to 2.30am this morning,I bought them in 5k lots, each $5 dollar move down I bought a 5k lot(alot of blocks) 15hrs later 30% ?, OH how I love volatility, especially crypto markets, So much green traders panic selling on one man's tweet ...lol.
Ready for the next leg down ,?

 

[ducati916]

For the Bulls...any concerns?



jog on
duc

 

[Dark1975]

Last leg down was in 2 movements on the 24hr time frame , first retraction was 54.5 down to 40k on first leg
Therefore 14.5/54 = 26% retraction followed by a second retraction to 38k 3 days later before it proceeds to new heights,
Will this last retraction follow suit !
It went from 75k down 58ish = 17/75 = 22% retraction , could possibly play out to second leg down before we test new heights?
Well I'm only 9% in holding , 91% cash ,
My bet is another retraction, tho i could be totally wrong ?
Either way I can plan moving forward to another plan after 3-4 days if this doesn't eventuate
Pls note : this is purely speculation, and not any financial advice ,
Pls DYOR
P.S: Sorry for the bad attachment , was edited on my smart phone (rushed)

 

[Lucky777]

I’m interested in putting a small position for long term hold, what platforms are you guys using?