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

[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.

[Flexacon]

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

There is no one left to exit. Retail and China left the space several months ago.

It's just institutions selling to de-risk and for collateral whenever the dow starts looks shitty.

As far as predicting which way the crypto market goes, this is one of the easiest. If the dow recovers, btc rockets. If it slumps further btc tanks. We all know stockmarkets only goes up though, so any slump will be very brief.

[TheFranchise]

https://twitter.com/disclosetv/status/1486800268348084226?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1486800268348084226%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fpatriots.win%2Fp%2F141FOg6FYG%2Fand-here-we-go%2Fc%2F

Biden is preparing to put out an executive order to regulate digital assets under the “national security” disguise.

[OneMoreRep]

Well, Jerome Powell said absolutely nothing we already didn't know.

• Rate hikes in March (barrier to "free" money as loans will no longer be dirt cheap to borrow)
• Continued tapering of bond purchasing (less money creation as the Fed will buy less of the US government debt -US treasury bonds-, which means that the US govt won't have new Fed cash to infuse into circulation)
• Steep reduction to Fed balance sheet (The Fed will sell the treasury bonds they hold via reverse repo agreements, which will in turn get more money off circulation and back into Fed)

These are all ways to "hopefully" fight inflation, but I don't know if it will make that much of a difference. I think we are a little too far gone at this point.

"1"

[Mayday]

https://twitter.com/disclosetv/status/1486800268348084226?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1486800268348084226%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fpatriots.win%2Fp%2F141FOg6FYG%2Fand-here-we-go%2Fc%2F

Biden is preparing to put out an executive order to regulate digital assets under the “national security” disguise.

No prizes for guessing why he is doing that…..comrade…..

Russia is wanting to move energy to EUR from USD. The US then threatens to Wipe Russia from swift. Russia is hard in crypto. US attacks Ruble and threatens action against crypto.

[Mayday]

Opening a short on ETH 

[OneMoreRep]

Opening a short on ETH 

Well, don't tease us with this. If you're going short it tells me you think the price will go much lower. How much lower do you think ETH will go? In turn, how much lower do you see BTC going?

"1"

[Mayday]

Well, don't tease us with this. If you're going short it tells me you think the price will go much lower. How much lower do you think ETH will go? In turn, how much lower do you see BTC going?

"1"

BTC has had a heap of coins loaded onto exchanges so it looks primed for a retest of the lows.

ETH just tested its previous high. We might go down now to test the lows otherwise we need to break upwards.

Bottom is not in for the market so that is yet to happen. Q2 ?

[Mayday]

Well, don't tease us with this. If you're going short it tells me you think the price will go much lower. How much lower do you think ETH will go? In turn, how much lower do you see BTC going?

"1"

As for where we are now.

Bottom will be at the point where BTC is cheap enough people will buy it over alts/NFTs. When BTC ranges low it does it to bleed out the entire market and force buyers back into BTC.

2014 and 2018 both had multiple bottom touches to bleed out the market. When it looked like the bottom was in, large players dumped and the market was reset.

Right now We will have a second bottoming so I’m looking for a 28k touch during this ranging first before any bounce happens. That’s  ETH @ 1,700.

At some point the longs are soooo high from the bottom big players send it down and that’s the cascade event as it’s a straight sell dump to close a long. See the last photo as the example for this. Those on the left are long liquidation points and the values are the highest in 3 months. People are yoloing longs hard on high lvr and at some point it’s too lucrative to not liquidate the entire market and that’s how the capitulation event happens.

[OneMoreRep]

Right now We will have a second bottoming so I’m looking for a 28k touch during this ranging first before any bounce happens. That’s  ETH @ 1,700.

At ETH of $1,700 would slowly approach my ideal entry point. I think anything under $1,500 is a good buy.

Let's see what Biden's upcoming crypto executive order unveils for us next month. I think that can produce some significant price action.

"1"