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

[El Diablo Blanco]

Not a full volatility print yet but a signal up.

Whales are dumping hard but then ease off and let price move up then started hitting it again at 43k.

Markers are:
44.6k
48.5k
50.3k

Fed gave people a massage
CPI tomorrow
40k put expiration on Friday
50k call expiration 28th Jan

It will run up to 60K again, get people excited, make the news and the whales will dump it again making 50% profit and repeat.  The early collectors of BTC have all of the power.

[Flexacon]

From Fidelity (found on reddit) Bullish bitcoin without the maxi retardation https://www.fidelitydigitalassets.com/articles/2021-trends-impact

"We also think there is very high stakes game theory at play here, whereby if bitcoin adoption increases, the countries that secure some bitcoin today will be better off competitively than their peers.

Therefore, even if other countries do not believe in the investment thesis or adoption of bitcoin, they will be forced to acquire some as a form of insurance. In other words, a small cost can be paid today as a hedge compared to a potentially much larger cost years in the future.

We therefore wouldn't be surprised to see other sovereign nation states acquire bitcoin in 2022 and perhaps even see a central bank make an acquisition".

[Mayday]

Fwiw I’m out pretty much. I expect a 38k sweep then 48k end of Jan but after that it’s probably all over red rover.

Mar-Apr.

[Flexacon]

Fwiw I’m out pretty much. I expect a 38k sweep then 48k end of Jan but after that it’s probably all over red rover.

Mar-Apr.

Got close to a 38k, but 40k support still trying its best to hold on.

Todays dump was just a mirror of the stock market. BTC could potentially flash crash with the stock market based on certain geopolitical news, so put some 35k btc buy orders and 2.5k eth orders and a few other crazy low ones in just in case. Otherwise still dca on eth and waiting for that bounce!

[Mayday]

Got close to a 38k, but 40k support still trying its best to hold on.

Todays dump was just a mirror of the stock market. BTC could potentially flash crash with the stock market based on certain geopolitical news, so put some 35k btc buy orders and 2.5k eth orders and a few other crazy low ones in just in case. Otherwise still dca on eth and waiting for that bounce!

39.6k was last wick for recent support so at 38.7k it’s in a possible spot of bother.

I know some dudes here aped in at 3.6k ETH but I’d be super careful right now.

Everybody is aping long leverage like spastics. Alts and NFTs are weighing the entire market down and need to be nuked. Distribution seems to be happening at so called consolidation levels, the. It’s a leg down ‘consolidation’, leg down etc.

[Mayday]

Calls and puts without showing volume.

21st Jan @ 39k
28th Jan @ 50k / 42k / 38k —> max pain 44k-46k
25th Feb @ 40k / 35k / 30k
25th Mar @ 50k / 40k / 30k / 25k / 20k

[FitnessFrenzy]

BTC $ 39,111.46

[FitnessFrenzy]

ETH $ 2,786.13

[jude2]

ETH $ 2,786.13

I hope it come back.

[Mayday]

2,591 Flex is getting filled yo 

I shall live this trade by proxy through flex.

[Flexacon]

2,591 Flex is getting filled yo 

I shall live this trade by proxy through flex.

Didn't expect it to get filled so soon. Next order is ETH 1.9k and changed btc to 30K.

There really isn't  much in the way of BTC dropping to 30k now. If it goes any lower and stays there then it's gonna take forever to recover. Close to maxing out on my crypto funds. Praying to papa Elon and Saylor

[Mayday]

Didn't expect it to get filled so soon. Next order is ETH 1.9k and changed btc to 30K.

There really isn't  much in the way of BTC dropping to 30k now. If it goes any lower and stays there then it's gonna take forever to recover. Close to maxing out on my crypto funds. Praying to papa Elon and Saylor

Good catch!

Dominance didn’t budge so it ain’t near an actual bottom. This is what I didn’t want to see happen but at 36k and still range low on dominance is dick punch material.

Historically price has gone back to a previous bottom and capitulation happened from there. We had 28k-32k bottom range in July so that’s where I imagine price ends up, people think it’s a double bottom but then it puked triggering the final capitulation.

[affeman]

[FitnessFrenzy]

BTC $ 35,537.13

ETH $ 2,474.91

[Mayday]

BTC $ 35,537.13

ETH $ 2,474.91

BTC got slapped to 34.2k

I’m waiting to see some reports update tomorrow but from what I see Grayscale is being dumped faster than spot.

Oh and SEC rejected Saylor’s proposal to use different accounting methods which would allow him to report his holdings without volatility swings 😂

MSTR I believe their debt is 2.6B now which gives a price of 21k vs debt. The risk is always whether the board suddenly changes their mind when price goes under and order him to sell coins to lower their debt. They were losing 50M/yr operating apparently so it’s not like they are making profit to actually pay their debt.

[TheGrinch]

its okay... gib sold everything at $67k

[Mayday]

its okay... gib sold everything at $67k

It’s tough for maxis now as you’re halfway down and this isn’t the bottom.

Green line is the eventual target, approx 20k.

FOMC Meeting on the 25th-26th will be interesting. CPI is their core focus right now and traders dumping commodity positions helps get that metric down. Catch 22.

On Chain guys are in disbelief after crowing Supply shortage will pump to the moon this entire time…..

I had one dude disagreeing with me so he tells me he is a scientist and follows the data and it all says supply shortage so it goes up. I was pointing out the exchange supply is double that of 2017 and we have the same number of coins on exchanges now as we did in April yet price is 40% lower.  This was 2 days before this crash to 34k lol.

This ties back to my autist ways of price is set by belief psychology first and then supply/demand happens as a result. Its better to think of it this way and not treat them as being one and the same.

[Flexacon]

It’s tough for maxis now as you’re halfway down and this isn’t the bottom.

Green line is the eventual target, approx 20k.

FOMC Meeting on the 25th-26th will be interesting. CPI is their core focus right now and traders dumping commodity positions helps get that metric down. Catch 22.

On Chain guys are in disbelief after crowing Supply shortage will pump to the moon this entire time…..

I had one dude disagreeing with me so he tells me he is a scientist and follows the data and it all says supply shortage so it goes up. I was pointing out the exchange supply is double that of 2017 and we have the same number of coins on exchanges now as we did in April yet price is 40% lower.  This was 2 days before this crash to 34k lol.

This ties back to my autist ways of price is set by belief psychology first and then supply/demand happens as a result. Its better to think of it this way and not treat them as being one and the same.

I don't think maxis are bothered, obviously not happy, but it is what it is for them.

I'd rather try navigate it and compound my gains.

If this hits 20k, I'm predicting a 200k cycle top in 2023

[Mayday]

I don't think maxis are bothered, obviously not happy, but it is what it is for them.

I'd rather try navigate it and compound my gains.

If this hits 20k, I'm predicting a 200k cycle top in 2023

Here you go,

Institutions looking for a 14.5k - 18k entry price.

[Mayday]

Fwiw Current move looking for 31.9k.

Exchanges have psychological buy walls at 30k.

Under that 24k 19k 14k which nobody thinks we will hit but you see my post above those 14k-19k is exactly where institutions have buying interest.

[Spike]

my $700 nest egg is down to $430

christ on a cracker

[Flexacon]

Gobbled up more ETH.

We are pretty much where we were Oct 1st last year. 69k ATH a couple of months later without retail getting involved. Hope for the same with some retail fomo and it's 80k-100k

[Tennisballz]

So has this turned into another “it’s all over guys” immediately followed by a “buy now!  It’s going to the moon”?

[Flexacon]

So has this turned into another “it’s all over guys” immediately followed by a “buy now!  It’s going to the moon”?

It's just following the dow right now.

[Mayday]

So has this turned into another “it’s all over guys” immediately followed by a “buy now!  It’s going to the moon”?

There is generally months in between changes. A bottom from a large down movement generally takes weeks/months. We have not yet hit the bottom, all we got was an initial down and a top for a range.

The end of year was the big opportunity. It didn’t happen and then it was a question whether Jan would provide any bump given it’s a very positive money inflow month. It didn’t happen.

So what is there now?

7% CPI which equates to the 70s 15% all time record
QE which was flowing directly into banks finishes in March
QT starting after that which draws money out
3 x interest rate hikes starting from March
Sending people back to work which combined with the above sucks the life out of consumers

So it’s not primed to do any huge numbers this year.

I’m waiting for March. When rates actually do rise, I think it’ll be a very nervous run to the exits.