Crypto trading

[jaygreenb]

Haha, nope, I sold at strategic losses a few times to wipe out almost all my gains, then bought back cheaper and held til 2022. Losses wipe out gains in crypto unlike stocks when you buy it back cheaper.

Bound to happen eventually. How soon, don't know. Some think it's imminent, others a few years away, and others somewhere in between.

It's one of those times that I really have no clue what the market is going to do, nothing would surprise me. PTSD from 2018 just makes me lean bear to be mentally prepared for a longer duration haha

 

[Zimbabwe]

If China invades Taiwan soon the price of Crypto will hit rock bottom. I think that would be the best time to buy it all up.

Just imagine how much profit you stand the gain.

 

[BackInTheGame78]

Willing to bet market pumps when US opens...wars are typically bullish once the dust settles from the invasion.

https://twitter.com/i/web/status/1496127565689495555

 

[Solomon]

If China invades Taiwan soon the price of Crypto will hit rock bottom. I think that would be the best time to buy it all up.

Just imagine how much profit you stand the gain.

agreed I think you're gona see an epic crash soon and once Trump comes back in Office (sometime this year) it will be an epic rise

 

[BackInTheGame78]

If China invades Taiwan soon the price of Crypto will hit rock bottom. I think that would be the best time to buy it all up.

Just imagine how much profit you stand the gain.

That's just not based on any historical fact. People come up with these thoughts as if they have to happen based on xyz.

What happened once Russia invaded? It took off.
You don't seem to understand these moves are already priced in prior to the invasion occurring and then once it occurs you get a bullish move like a spring board.

So if that occurs, the dip will be BEFORE the invasion

 

[Zimbabwe]

That's just not based on any historical fact. People come up with these thoughts as if they have to happen based on xyz.

What happened once Russia invaded? It took off.
You don't seem to understand these moves are already priced in prior to the invasion occurring and then once it occurs you get a bullish move like a spring board.

So if that occurs, the dip will be BEFORE the invasion

Do you not realise Most crypto mining relies on fast computers with powerful cpus/gpus. TSMC supplies most of the worlds semiconductors which are used in most smartphones and computers.

I'll let you think about that for a moment.

 

[BackInTheGame78]

Do you not realise Most crypto mining relies on fast computers with powerful cpus/gpus. TSMC supplies most of the worlds semiconductors which are used in most smartphones and computers.

I'll let you think about that for a moment.

This is exactly why crazy price fluctuations happen...because people dream up these scenarios in their minds expecting them to play out and then once they don't, price reverses.

 

[Reyaj]

So what are we thinking with BTC... Could it still hit 100k or is that out of the question this year?

 

[BackInTheGame78]

So what are we thinking with BTC... Could it still hit 100k or is that out of the question this year?

It's definitely possible. Will it happen? Who knows. Some see an extended cycle going into 2023 before hitting it's peak, others see it peaking by April or May.

Right now there are both bull and bear cases.

While the market has been going up lately and setting higher lows, it's also been setting lower highs and unable to break through a bearish trendline from the ATH.

The monthly MACD has crossed bearish for the first time in 19 months and coming down from highly overbought levels in the RSI and is looking at printing an "M" pattern, which is a double top(opposite is a "W"). The base of this "M" is around 12K. Will we get there? I dunno.

There is no reason a pattern "has to" complete, they just often do. On the lower timeframes like the weekly we appear to be in ascending Wedge formation, which is bullish.

Currently we seem to be stuck between the 32-46K range and just going up and down and creating different patterns inside that pattern.

Long-term, highly bullish. One day 100K will be looked at as cheap for BTC. Whether it's 3 years or 8 years or 20 years, that time is 100% coming.

Shorter term we might be bearish still until it can break through the channel we are in and bust out of the bearish trendline.

 

[Reyaj]

It's definitely possible. Will it happen? Who knows. Some see an extended cycle going into 2023 before hitting it's peak, others see it peaking by April or May.

Right now there are both bull and bear cases.

While the market has been going up lately and setting higher lows, it's also been setting lower highs and unable to break through a bearish trendline from the ATH.

The monthly MACD has crossed bearish for the first time in 19 months and coming down from highly overbought levels in the RSI and is looking at printing an "M" pattern, which is a double top(opposite is a "W"). The base of this "M" is around 12K. Will we get there? I dunno.

There is no reason a pattern "has to" complete, they just often do. On the lower timeframes like the weekly we appear to be in ascending Wedge formation, which is bullish.

Currently we seem to be stuck between the 32-46K range and just going up and down and creating different patterns inside that pattern.

Long-term, highly bullish. One day 100K will be looked at as cheap for BTC. Whether it's 3 years or 8 years or 20 years, that time is 100% coming.

Shorter term we might be bearish still until it can break through the channel we are in and bust out of the bearish trendline.

Someone told me that if it goes to 60 then it will go up from there but it did that last year and didn't.. I'm still in on this... Buying BTC and ETH and treating it as another portfolio allocation for retirement.

 

[BackInTheGame78]

Someone told me that if it goes to 60 then it will go up from there but it did that last year and didn't.. I'm still in on this... Buying BTC and ETH and treating it as another portfolio allocation for retirement.

If it breaks through the 45-46K resistance it's going to rapidly go up from there.

That would mean it broke out of the bearish trendline that it's been in for quite some time and should be ready to fly

 

[SargeMaximus]

Impp up over 100% today. It’s the new crypto called oil stocks

 

[Bingo-Player]

It's definitely possible. Will it happen? Who knows. Some see an extended cycle going into 2023 before hitting it's peak, others see it peaking by April or May.

Right now there are both bull and bear cases.

While the market has been going up lately and setting higher lows, it's also been setting lower highs and unable to break through a bearish trendline from the ATH.

The monthly MACD has crossed bearish for the first time in 19 months and coming down from highly overbought levels in the RSI and is looking at printing an "M" pattern, which is a double top(opposite is a "W"). The base of this "M" is around 12K. Will we get there? I dunno.

There is no reason a pattern "has to" complete, they just often do. On the lower timeframes like the weekly we appear to be in ascending Wedge formation, which is bullish.

Currently we seem to be stuck between the 32-46K range and just going up and down and creating different patterns inside that pattern.

Long-term, highly bullish. One day 100K will be looked at as cheap for BTC. Whether it's 3 years or 8 years or 20 years, that time is 100% coming.

I'm sorry the 6 month chart screams bull trapping

Still waiting for a conducive argument as to why it is going to 100K

Apparently during something like say a "war" it was supposed to be its time to shine and would reach that 100k however
on announcement of invasion it dropped 10% and has been barcoding since

Seems a wonderfull hedge.....against absolutely nothing so far

Yea its probably great bet in a speculative bull market especially in a period when global central banks and governments decided to over inflate every major economy giving any idiot with two brain cells the financial capacity to become a small time "crypto investor"

However the chickens are about to come home to roost and we are about to see just how resilient bitcoin actually is

 

[BackInTheGame78]

I'm sorry the 6 month chart screams bull trapping

Still waiting for a conducive argument as to why it is going to 100K

Apparently during something like say a "war" it was supposed to be its time to shine and would reach that 100k however
on announcement of invasion it dropped 10% and has been barcoding since

Seems a wonderfull hedge.....against absolutely nothing so far

Yea its probably great bet in a speculative bull market especially in a period when global central banks and governments decided to over inflate every major economy giving any idiot with two brain cells the financial capacity to become a small time "crypto investor"

However the chickens are about to come home to roost and we are about to see just how resilient bitcoin actually is

6 month charts in crypto would be like looking at a 20 year chart in stocks. It just isn't really relevant, IMO

 

[jaygreenb]

I'm sorry the 6 month chart screams bull trapping

Still waiting for a conducive argument as to why it is going to 100K

Apparently during something like say a "war" it was supposed to be its time to shine and would reach that 100k however
on announcement of invasion it dropped 10% and has been barcoding since

Seems a wonderfull hedge.....against absolutely nothing so far

Yea its probably great bet in a speculative bull market especially in a period when global central banks and governments decided to over inflate every major economy giving any idiot with two brain cells the financial capacity to become a small time "crypto investor"

However the chickens are about to come home to roost and we are about to see just how resilient bitcoin actually is

It's a great hedge against the financial weaponization of the banking system we have seen the past month in Canada and now Russia. Bitcoin and the rest of crypto are two entirely different subjects. If you can't grasp that and see where this is headed you will have much bigger problems in the future.

 

[jaygreenb]

Impp up over 100% today. It’s the new crypto called oil stocks

Good for investments purposes but this is going to have serious consequences on society. Commodities are going much higher

 

[SargeMaximus]

Good for investments purposes but this is going to have serious consequences on society. Commodities are going much higher

Yeah what do you think I’m invested in since last year?

 

[jaygreenb]

Yeah what do you think I’m invested in since last year?

Hopefully helps you recoup that btc short

 

[BackInTheGame78]

It's a great hedge against the financial weaponization of the banking system we have seen the past month in Canada and now Russia. Bitcoin and the rest of crypto are two entirely different subjects. If you can't grasp that and see where this is headed you will have much bigger problems in the future.

Who the hell looks at a 6 month chart in crypto??

 

[BackInTheGame78]

Impp up over 100% today. It’s the new crypto called oil stocks

If the US was smart they'd start releasing some reserves and subsidizing the US shale drillers to heavily offset what Russia supplies in oil.

At one point the US was supplying the most barrels of oil per month in the world not too long ago when the shale drillers were running fully.

There is no reason why the US can't easily replace the oil we get from Russia.