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

[Flexacon]

Microstrategy bought 414M worth of Bitcoin.

This was before the crash.

This isn't the first time MST announced they bought a huge bag and then BTC proceeds to crash. I've joked about Saylor buying at the top numerous times. Of course he has been proven to be correct every time. I don't doubt this will be any different.

[Marty Champions]

whats this shit

[jude2]

There's strong support at the 4k region.

Seems that way.  I was able to get a few at $3,896 two days ago.

[obsidian]

We would all love ETH on discount, but we need to learn from the past and BTC maxis here.

Once upon a time BTC was at the same stage price wise as ETH is now. Long term it is only going to go up. Those who did best from this point with BTC were the ones DCA. You can wait around for a discount and then find ETH suddenly at 10K. Your next discount is 6K, 4k suddenly looks like a bargain.

DCA will take you to glory!

Yes agreed. You can't time the market. Waiting for it to crash before you buy does not always work out.

[OneMoreRep]

Not sure if anything, but ALGORAND is looking ridiculously promising. If any of you have good insight into this project, please share as I think I might want to acquire some $ALGO.

I watched the recent Miami event (Decipher) they held a few days ago and some key points include:

• Very strong fundamentals (Read the whitepapers and seems solid)
• Adoption by Central Banks for CBDC (looks to have all the necessary elements to facilitate digital currency)
• Over $2.5 Billion of institutional money pouring in very recently (Anthony Scaramucci and family are coming over)
• Real world application by way of developing El Salvador's blockchain infrastructure (If they succeed in El Salvador by helping to scale their Bitcoin efforts, it's a sure bet for adoption)

"1"

[Mayday]

September 21-22 was the last bottom.

Right now this lines up with September.

However 49.2k likely on a weekly close is not a good look. If we don’t bounce quickly then 42k closes are on the cards which is ETH @ 2,500.

[OneMoreRep]

September 21-22 was the last bottom.

Right now this lines up with September.

However 49.2k likely on a weekly close is not a good look. If we don’t bounce quickly then 42k closes are on the cards which is ETH @ 2,500.

You say it as if a lower entry point for Ethereum is a bad thing... Leave some for the rest of us, Michael Saylor.

"1"

[Mayday]

You say it as if a lower entry point for Ethereum is a bad thing... Leave some for the rest of us, Michael Saylor.

"1"

The longer the timeline the better it is for me so I don’t mind a pullback or sideways motion but I’d prefer sideways rather than a collapse.

Short term:
Upside target 93k
Downside 1 - 42k
Downside 2 - 38k

[OneMoreRep]

The longer the timeline the better it is for me so I don’t mind a pullback or sideways motion but I’d prefer sideways rather than a collapse.

Short term:
Upside target 93k
Downside 1 - 42k
Downside 2 - 38k

Downside 2 (38k) puts ETH at what, give or take $2k?

"1"

[Mayday]

Downside 2 (38k) puts ETH at what, give or take $2k?

"1"

2,280 by my numbers.

[Griffith]

September 21-22 was the last bottom.

Right now this lines up with September.

However 49.2k likely on a weekly close is not a good look. If we don’t bounce quickly then 42k closes are on the cards which is ETH @ 2,500.

 

[FitnessFrenzy]

prothedoge must  be the biggest clown alive for not selling doge at 60 cents

[Mayday]

But just keep in mind we are still in an uptrend providing daily closes remain above 42k. We should see 47k-53k region for the next couple of weeks if we are holding up.

Wall St is hedged yet again so none of this has taken the big players by surprise. What it does mean is when they close their shorts it’s a buy and then they open their longs it’s a buy. So once we get past this holding pattern we could see a crazy run up.

The market is something like 100% certain of a rate rise in June 2022. So a run up in crypto identical to 2021 with a June dump might be how it plays out as we would have crypto seasonality plus rate increase happen at the same time.

[Mayday]

Here you go, even lower today at 16 and around 10 has been rock bottom.

In other words, everyone has already freaked out and we likely aren’t going much lower.

You need to remember those crazy drops are from cascading liquidations from long margin players so once they are gone it’s not necessarily going to happen a second time, particularly not without FOMO in play which it isn’t.

[Griffith]

But just keep in mind we are still in an uptrend providing daily closes remain above 42k. We should see 47k-53k region for the next couple of weeks if we are holding up.

Wall St is hedged yet again so none of this has taken the big players by surprise. What it does mean is when they close their shorts it’s a buy and then they open their longs it’s a buy. So once we get past this holding pattern we could see a crazy run up.

The market is something like 100% certain of a rate rise in June 2022. So a run up in crypto identical to 2021 with a June dump might be how it plays out as we would have crypto seasonality plus rate increase happen at the same time.

Do you see any pullback from this recent rally?

Overall, it's looking good but I'm still cautious.

I'm not holding at the moment, more swing trading. Took some profits recently now waiting for another entry point, specifically if ETH breaks the downward sloping resistance line of about 4416-4420.

From Twitter:

[Mayday]

Do you see any pullback from this recent rally?

Overall, it's looking good but I'm still cautious.

I'm not holding at the moment, more swing trading. Took some profits recently now waiting for another entry point, specifically if ETH breaks the downward sloping resistance line of about 4416-4420.

47k-53k friend zone IMO. What I posted earlier also backs up the bottom is likely in which was that 42k and a 48k close. I have 42k as a marker but i don’t think we close anywhere near there because that was the bottom of the Sept dump and per my post, I believe we are still in the uptrend therefore we won’t close near previous lows.

I tend to look at dates rather than the number itself and I think I said before 15th December could be the rally point.
*2020 December god candle rally happened from the 15th December onwards
*Options expiration on the 17th December
*End of year tax means big players take profits prior to options expiration
*BTC futures pattern of 6 on 4 off also supports a rally can begin from the back half of December
*weekly RSI will show a bottoming out by end of next week (mid December)

I bought more this week.

I think people looking for downside are going to miss how quickly the upside can come.

Back in December 2020 we double in price in 2 weeks……. Hence my 93k marker so keep an eye on that

[Flexacon]

Bitcoin shakeout continues.

Big things soon hopefully for those of us involved in Matic. If coinbase NFT partnership rumours are true it could go parabolic.

[Griffith]

BTC needs to close above 53k by end of week to keep bullish trend intact.

If not, possible dip from 42k to 47k.

[El Diablo Blanco]

Serious question.  Who here has made millions in the crypto game. I mean actually cashed out millions?  These coins like LUNA, FLOKIE, SHIBA all up like 10000%.  How much fucking money are people making on this shit and actually walking away?

[OneMoreRep]

Don't know how many of you had a chance to catch today's 4.5hr testimony held in front of the House Financial Services committee by the top Crypto CEOs, but it showed tremendous promise. It's not a matter of if, but when full adoption of cryptocurrency will take place. Honorable mention needs to go to Stellar Lumens (XLM). Their CEO (Dixon) was pretty impressive and sold the fuck out of their company/coin. It seems there are many fans of XLM in congress given the ability of remittances to be simplified.

"1"

[Flexacon]

Serious question.  Who here has made millions in the crypto game. I mean actually cashed out millions?  These coins like LUNA, FLOKIE, SHIBA all up like 10000%.  How much fucking money are people making on this shit and actually walking away?

Very few people got rich off of the coins you mentioned.

Millionaires who walked away were mostly guys who got in early with bitcoin.

If someone was doing well in crypto space right now then the worst thing they could possibly do identity themselves. It makes them a target.

The longer you spend in the space, the more you understand it and the better you get at avoiding pitfalls. Why walk away?

[jude2]

Serious question.  Who here has made millions in the crypto game. I mean actually cashed out millions?  These coins like LUNA, FLOKIE, SHIBA all up like 10000%.  How much fucking money are people making on this shit and actually walking away?

Time we find out about those coins, it is too late.

[Griffith]

BTC barely holding on to 48k support.

ETH rejected at 4400.

[El Diablo Blanco]

Time we find out about those coins, it is too late.

seems a lot coming out of South Korea as well.

[Flexacon]

BTC barely holding on to 48k support.

ETH rejected at 4400.

Omicron, Evergrande, Inflation and even an asteroid impact looming and ETH is only a few daily green candles away from it's ATH. Perspective is important here.

Maybe I'm chill cos I'm strong green in my portfolio, but everything I've seen makes me think we still have at least one big run up left