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

[Mayday]

Do you still see Ehereum reaching 20k by end of year or January?

Yes, for the end of this bull market cycle. But that’s me.

The overwhelming social media opinion is ETH will crash to 600 or less.

Make of it what you will.

[obsidian]

https://www.coindesk.com/amazon-managed-blockchain-at-last-supports-ethereum-ending-a-two-year-tease

Amazon Managed Blockchain at Last Supports Ethereum, Ending a Two-Year Tease

Amazon Web Services (AWS) “managed blockchain” service now supports Ethereum out of the box, some two years after the integration was first hinted at in 2018.

“With this launch, AWS customers can easily provision Ethereum nodes in minutes and connect to the public Ethereum main network and test networks such as Rinkeby and Ropsten,” AWS said in a blog post Tuesday.

Amazon Managed Blockchain also supports Hyperledger Fabric, a permissioned blockchain network intended for enterprise applications.

“With Amazon Managed Blockchain, customers get secure networking, encryption at rest and transport, secure access to the network via standard open-source Ethereum APIs, fast and reliable syncs to the Ethereum blockchain, and durable elastic storage for ledger data,” the blog posts add.

There are over 8,300 Ethereum nodes currently on the Ethereum network, according to Etherscan. Nodes keep consensus on the ledger, check transactions, and protect the network against hostile actors. A higher number of geographically and systematically separate nodes is generally considered healthy for the network.

“It’s an incredible signal for the value of Ethereum in modern applications to have a big player like AWS get serious about tooling,” Infura head of product Mike Godsey said a message to CoinDesk after publication. “This will inevitably expand the developer base using this technology and that is great for the whole ecosystem.”

[gib]

Well that little "crash" put Mr A into a tizzy. So, fun while it lasted but we look like getting back to over 50,000 very soon.

[Thin Lizzy]

Well that little "crash" put Mr A into a tizzy. So, fun while it lasted but we look like getting back to over 50,000 very soon.

When an asset class which is in a very strong uptrend has a pullback, it usually makes a second top. After that, we’ll  see.

[FitnessFrenzy]

$ 51,133.05

[sync pulse]

When an asset class which is in a very strong uptrend has a pullback, it usually makes a second top. After that, we’ll  see.

Elliot wave?...

[Thin Lizzy]

Elliot wave?...

It does go along with Elliott wave theory but it’s really just a matter of bitcoin being in a really strong trend which TEND to continue.

My definition of a strong trend is when the pullback ends before hitting the prior top. In the case of Bitcoin that would be 40k:

[Mayday]

Well that little "crash" put Mr A into a tizzy. So, fun while it lasted but we look like getting back to over 50,000 very soon.

Gold down to 1,712 and very close to erasing all of it’s gains post pandemic.

At some point it will turnaround but generally gold requires a catalyst to make it really move upwards.

[Bindare_Dundat]

It was a good morning.  if we fail to break 52k soon, could be a move back to the downside.. est target is 45k. Breakout to the upside target is 58k.

[gib]

When an asset class which is in a very strong uptrend has a pullback, it usually makes a second top. After that, we’ll  see.

Lol. Well Bitcoin since its birth, has had millions of "pull backs" in historical price, including some quite significant ones. But overall, it does not just make a "second top". Rather, it makes continuous new All Time Highs and has done so millions of times. Further, it will continue to do so as it continues on its journey towards global acceptance as the ultimate decentralized store of wealth for global citizens.

[Bindare_Dundat]

Lol. Well Bitcoin since its birth, has had millions of "pull backs" in historical price, including some quite significant ones. But overall, it does not just make a "second top". Rather, it makes continuous new All Time Highs and has done so millions of times. Further, it will continue to do so as it continues on its journey towards global acceptance as the ultimate decentralized store of wealth for global citizens.

Exactly. Outlook is very bullish. Unless there's some major government interference,  its just a matter of.time

[Mayday]

It was a good morning.  if we fail to break 52k soon, could be a move back to the downside.. est target is 45k. Breakout to the upside target is 58k.

I see no issues in the charts providing it closes above 47k on the 4hr right now.

Next target is ballpark 78k.

[Bindare_Dundat]

I see no issues in the charts providing it closes above 47k on the 4hr right now.

Next target is ballpark 78k.

What's your time frame?  I think it just depends how much rejection around the current area of 50-52k. Either run out of short term steam or things really pick up.

[Mayday]

What's your time frame?  I think it just depends how much rejection around the current area of 50-52k. Either run out of short term steam or things really pick up.

Days or maybe a week.

I’d assume we see a drop down which is my preference as I just bought the last dip and I want to double my total position by buying another dip.

After this pullback is done, onward to 80k.

[Griffith]

Days or maybe a week.

I’d assume we see a drop down which is my preference as I just bought the last dip and I want to double my total position by buying another dip.

After this pullback is done, onward to 80k.

You think there will still be more of a pullback from 46-48k?

[Mayday]

You think there will still be more of a pullback from 46-48k?

BTC pullback zones I had are 46.8k and 43.5k. We had a close at 43.4K last week so it was pretty close.

I’m looking at the chart now and providing we close above 47,378 in the next 3hrs the trend is still upwards. If we close below then it’s a high probability price will trend downwards.

Price targets:
46.8k
43.5k
39.5k —> this is last resistance below 40

Looking at history, in a pullback the second dip gets a lower price than the first dip. A price in the 41k-42k would be pretty normal in that scenario.

However the price floor was ballpark 38.4K on the 22nd Feb and increasing each day. The dip last week saw a stack of coins removed from exchanges so perhaps a second dip won’t be able to go as low. That’s also possible. In which case a price somewhere between 43.5-46.8 might be the outcome.

[Thin Lizzy]

Lol. Well Bitcoin since its birth, has had millions of "pull backs" in historical price, including some quite significant ones. But overall, it does not just make a "second top". Rather, it makes continuous new All Time Highs and has done so millions of times. Further, it will continue to do so as it continues on its journey towards global acceptance as the ultimate decentralized store of wealth for global citizens.

Sounds good and you might be right but we’ve seen this movie before. It had sharp run up in 2018, had a pullback, made another top, an even bigger pullback and then proceeded to rally from lower lows and went down the toilet. Those are the FACTS.

I don’t know that this time won’t be different but I see no reason to be cocky.

[Bindare_Dundat]

Were at 46.3k, A 20% dip.from ath. Itd be nice to level off here and reverse. 

[Mayday]

Were at 46.3k, A 20% dip.from ath. Itd be nice to level off here and reverse. 

I’d wager we are about to eat shit down to 39k-42k.

[Griffith]

BTC pullback zones I had are 46.8k and 43.5k. We had a close at 43.4K last week so it was pretty close.

I’m looking at the chart now and providing we close above 47,378 in the next 3hrs the trend is still upwards. If we close below then it’s a high probability price will trend downwards.

Price targets:
46.8k
43.5k
39.5k —> this is last resistance below 40

Looking at history, in a pullback the second dip gets a lower price than the first dip. A price in the 41k-42k would be pretty normal in that scenario.

However the price floor was ballpark 38.4K on the 22nd Feb and increasing each day. The dip last week saw a stack of coins removed from exchanges so perhaps a second dip won’t be able to go as low. That’s also possible. In which case a price somewhere between 43.5-46.8 might be the outcome.

Thanks!

[Bindare_Dundat]

I’d wager we are about to eat shit down to 39k-42k.

Great,  now I'm going to have to sacrifice more puppies. You just jinxed it.

Thanks! 

[Mayday]

Great,  now I'm going to have to sacrifice more puppies. You just jinxed it.

Thanks! 

Silver lining —> If there is a bunch of us eating shit together it’s not as bad as eating shit alone.

[Bindare_Dundat]

Silver lining —> If there is a bunch of us eating shit together it’s not as bad as eating shit alone.

Hold me. Lol


Anyway,
What a joke. Uk is a lost cause. VPN

Crypto derivatives exchange Bybit will stop serving UK clients on March 31, it said in an announcement this morning. The exchange cited new regulations for crypto-based derivatives as the reason behind the move.

“To comply with the Financial Conduct Authority’s (FCA) ban of crypto derivatives, Bybit will cease to provide services to customers from the United Kingdom,” the exchange said in its release, requesting clients to close any positions and withdraw all funds before the end of this month.

[obsidian]

[Mayday]

Hold me. Lol


Anyway,
What a joke. Uk is a lost cause. VPN

Crypto derivatives exchange Bybit will stop serving UK clients on March 31, it said in an announcement this morning. The exchange cited new regulations for crypto-based derivatives as the reason behind the move.

“To comply with the Financial Conduct Authority’s (FCA) ban of crypto derivatives, Bybit will cease to provide services to customers from the United Kingdom,” the exchange said in its release, requesting clients to close any positions and withdraw all funds before the end of this month.

LOL 


This is where the ‘iffy’ exchanges get exposed.

Notice that instead of choosing to transform with regulations they instead say F U and cease operating openly in those countries. Shows you the level of shady shit they have going on and their need to protect their larger customer base who obviously don’t want to be known.