Bitcoins - about to hit $5,000 per coin today!

[Flexacon]

My indicators (magic 8 ball) has ETH dropping mid week.

Also all the chatter about a looming black swan event. I've heard the following as possible triggers...

- Crypto or rather crazy leverage use and/or tether

- Attack on the US (ISIS.K suddenly is a thing)

- A subprime mortgage type scandal, but involving a basket of stocks and the US stock market.

Maybe it will be more than one of these, maybe they'll just be used as convenient excuses.

Oh and if you need some confirmation bias..



It happened 9 times at the end of Aug 2020 then Sept 1 & 2 each set new ATHs as well, and literally from the 3rd onwards we had a correction. They are setting up for something like this at a minimum.

[OneMoreRep]

My indicators (magic 8 ball) has ETH dropping mid week.

Also all the chatter about a looming black swan event. I've heard the following as possible triggers...

- Crypto or rather crazy leverage use and/or tether

- Attack on the US (ISIS.K suddenly is a thing)

- A subprime mortgage type scandal, but involving a basket of stocks and the US stock market.

Maybe it will be more than one of these, maybe they'll just be used as convenient excuses.

Oh and if you need some confirmation bias..



It happened 9 times at the end of Aug 2020 then Sept 1 & 2 each set new ATHs as well, and literally from the 3rd onwards we had a correction. They are setting up for something like this at a minimum.

It does feel as if the water in this economic pot is boiling and what will cause it to overflow is anyone's guess, but certainly only a matter of time.

"1"

[Mayday]

It does feel as if the water in this economic pot is boiling and what will cause it to overflow is anyone's guess, but certainly only a matter of time.

"1"

The last 4yrs between 2nd-5th September Bitcoin crashes. Every year except 2016 Bitcoin has crashed in September. In 2016 it crashed in August but we rallied just like the other years so it’ll be September.

Start of month has a crash. Towards end of month another dip which will be the 22nd-23rd. Crypto derivatives are 14x the size of spot in the most Volatile market on the planet.

This aligns with Flex’s statement above for mid week.

The bull side to this is everybody knows of year end seasonality. There is shitloads of money on the sidelines waiting for this last dip to go all in. There is also less window of opportunity which means any upwards move would be savage so while 30k to 115k in 3 months might sound crazy, it’s plausible if we bounce.

[Pray_4_War]

while 30k to 115k in 3 months might sound crazy, it’s plausible if we bounce.

[Mayday]

BTC dominance at the low.

Yellow highlight area was 2018 which was the crash of crypto, specifically alt coins we’re obliterated.

While I believe we rally into the end of the year, the dominance at lows is something where history says the gain in BTC dominance is a result from a crash in crypto, not a rally in price.

The timing of this makes sense as Sept is historically a bad time for crypto.

[a_pupil]

When lambo When's the next crash anticipated? How low you guys reckon it'll get?

[Mayday]

When lambo When's the next crash anticipated? How low you guys reckon it'll get?

It will happen when you chop your balls off with a butter knife. We’re all waiting on you mate.

Giddyup bro.

[FitnessFrenzy]

Carter Worth makes great TA.

[FitnessFrenzy]

[FitnessFrenzy]

[Flexacon]

When lambo When's the next crash anticipated? How low you guys reckon it'll get?

I was looking for it to have a slow drop by now, but it's done the opposite.

You need to have hodl like patience even if you're sitting in stable coin waiting for a crash and everyone else is making money. I'm waiting through September and maybe early October before doing anything.

Hex looks glorious. Well done on your gains FF

[FitnessFrenzy]

[Mayday]

Rich fuckers have left BTC and moved over to ETH. Rich ETH have left ETH and gone over to NFT. The ETH NFTs are so expensive only gazilionaires can afford them so now it's all being dumped and moved back to ETH (hence, ETH moved up).

Meanwhile retail has fucked right off and is playing in the ADA, SOL, AVAX pond.

I looked at NFTs and even i'm priced out pretty much needing 10k just to buy in and take a punt. Then the gas fees are a grand or whatever just to purchase the things. WTF?

This is really something to ponder:
BTC 1.2T
ETH 0.45T
ADA 0.094T
HEX 0.048T
SOL 0.041T
AVAX 0.08T

SOL and AVAX going nuts because of NFT which are affordable for us retail plebs.

[Flexacon]

Nice and spicy day for El Salvador

[Bindare_Dundat]

42-44 close enough. 

got a wicked trade in today boys.

[Theoak*]

Im waiting for David Miscavige to announce himself as co-founder of HEX.

[Mayday]

September strikes…..

Bought ETH. I’m 50% in now.

This won’t be the only dump this month. We will see another one.

I still remain bullish.

[Flexacon]

Bitcoin looks like it's doing another wyckoff. It looks like we are in the last quarter a mini version of the Jan to May cycle. One more steady climb up left and then a big dump around the date Mayday gave.

They are truly trolling us if this ends up being case.

[Flexacon]

I'm hearing Evergrande could be the potential black swan catalyst.

If Evergrande is allowed to go under then the Chinese bond market collapses. Tether is heavily invested there so they'd go down too. That will crash crypto (10k btc) and who knows what other dominos fall after that.

[Griffith]

Next leg up after this.

[OneMoreRep]

I'm hearing Evergrande could be the potential black swan catalyst.

If Evergrande is allowed to go under then the Chinese bond market collapses. Tether is heavily invested there so they'd go down too. That will crash crypto (10k btc) and who knows what other dominos fall after that.

Would love this...

Don't want anyone to get wrecked, but would appreciate some bargain prices for both ETH (< $2000) and ADA (< $1.00).

"1"

[Griffith]

September strikes…..

Bought ETH. I’m 50% in now.

This won’t be the only dump this month. We will see another one.

I still remain bullish.

Same.

Where do you see it going?

[OneMoreRep]

September strikes…..

Bought ETH. I’m 50% in now.

This won’t be the only dump this month. We will see another one.

I still remain bullish.

Assuming both dumps occur, why would you have bought more ETH at these prices. Given the ATH we've seen in the past (slightly upwards of $4K), isn't its current price still overvalued in the setting of two probable dumps?

"1"

[obsidian]

Assuming both dumps occur, why would you have bought more ETH at these prices. Given the ATH we've seen in the past (slightly upwards of $4K), isn't its current price still overvalued in the setting of two probable dumps?

"1"

Just checked the 2017 September Bitcoin open prices. See attached.

$4,701.76 on 9/1/17
$3,166.30 on 9/15/17
$4,166.11 on 9/30/17

Now look at the 2017 December Bitcoin high price:

$20,089.00 on 12/15/17

This is why some people think a $20k ETH is still possible in 2021. I realize these are two different assets with different supplies and 2021 is not the same as 2017. The dollar now is worth less though than back then. 2021 Ethereum has been following 2017 Bitcoin pretty closely so far but is a little behind. It was ahead of 2017 Bitcoin earlier in the year.

[Mayday]

Assuming both dumps occur, why would you have bought more ETH at these prices. Given the ATH we've seen in the past (slightly upwards of $4K), isn't its current price still overvalued in the setting of two probable dumps?

"1"

Honestly it’s just my conviction that year end will be a massive bullrun. September was ‘the’ month to wait for. Hasn’t disappointed so far has it? What was it? A 20% dump? This is the decider month and price is whatever price is. I am 50% in therefore hedged to later in the month.

We don’t know if 2nd dump will be lower but I gave a date, September 22nd-23rd.