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

[Flexacon]

Shorts rekt. Bears in tears.

Big ol pump into the super bowl very likely.

[Mayday]

Oh but you can’t use Grayscale as any guide because of blah blah blah…..

I bet it’s a different story as it moves rapidly towards equilibrium

-11% is back to the July support level as spot holds @ 44k. We want to see this flip positive which would tell us institutions perceive the bottom as being in and retail essentially flushed out. Don’t get too excited yet, it needs to show 0%+ to be comfortable.

Price is heavily bot driven at the moment. 46k and 46.8k are resistance lines for now.

Super Bowl on Monday with BTC ads. Sell the event?  Feb 25th options expiration aren’t really showing any sign of life above 40k despite being up here for days.

[Flexacon]

Go with whatever coins you like and are comfortable holding long term. Buy in with the mentally that catching a new cycle top and taking some easy profit as a nice bonus if it happens, but long term holding is the default.

IMO crypto is close to ripping and going on bull run to a new cycle peak. The only thing that could potentially hold it back is a huge financial crash.

S&P 500 could drop up to 50% from its peak over the next few months. I've shorted it and plan on going long crypto (alts). That's my hedge. The retard in me is also hoping both plays come off simultaneously.

Both positions currently in the green

If this comes off my head will be this big

[French]

I'm all in C98. Hodl til the end of time.
never goes into my wallet, but I have set several widely-spaced price alerts

[Mayday]

Getting very close to a bottom…..

Note the 3 circles I placed which are bottoms for 2014, 2018, 2019 following major peaks.

The bottom occurs at the start of the range when it closes together, not the end of it.

Historically a bottom from a major peak has taken 1yr. Peak was at the start of April if we look at active user data.

Coins on exchanges owned by whales vs retail is crazy high.

March options now have rising open interest for 15k-16k with bulk OI 20k-25k-30k for 25th March.

Sharemarket Volmageddon. Global war risk.

My Twitter feed contains some on chain people telling people they are dumb because of supply shortage. Influencers are posting 100k this year and how bad people should feel for not buying. Fandoms saying everybody is short and nobody is long therefore we will hit ATHs.

Make of that what you will.

[Mayday]

Shits fkd confirmation.

[Notomorrow]

This thread may eventually end poetically with Bitcoin about to hit $5,000 per coin.

[Flexacon]

This thread may eventually end poetically with Bitcoin about to hit $5,000 per coin.

When people start thinking like this, I know I should start buying more.

Bitcoin flash crashed to 33K on nothing news a month ago. On invasion news it's somewhat surprisingly holding 37K. Could still dump further with the markets tomorrow, but other than sentiment nothing has changed with Crypto since the ATH last year. Be sensible, but don't be scared.

I saw this potentially coming a month ago and was expecting a much bigger dump. 33k again and 27K are possible wicks

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]

When people start thinking like this, I know I should start buying more.

Bitcoin flash crashed to 33K on nothing news a month ago. On invasion news it's somewhat surprisingly holding 37K. Could still dump further with the markets tomorrow, but other than sentiment nothing has changed with Crypto since the ATH last year. Be sensible, but don't be scared.

I saw this potentially coming a month ago and was expecting a much bigger dump. 33k again and 27K are possible wicks

Christmas Eve BTC price
2010 0.25
2011 $4
2012 $13
2013 $651
2014 $330 —> epic capitulation
2015 $453
2016 $899
2017 $13,673
2018 $4,120 —> epic capitulation
2019 $7,318
2020 $23,475
2021 $51,500
2022            —> epic capitulation???

 Everybody is bullish as hell and leveraged to the tits. My feed just now has stacks of calls for a 52k bounce from here. I see a lot of fake bearish stuff on Twitter, retail psyops themselves though 😂

[Mayday]

25th Feb options @ 35k.

25th March options coming in very heavy at the 25k-30k region.

It might be too early for a capitulation in March to go sub 20k but we will see more as the date gets closer.

Every man and his dog says 27k-30k is the bottom so lots of longs at high LVR is on the cards which will be interesting

[Flexacon]

Christmas Eve BTC price
2010 0.25
2011 $4
2012 $13
2013 $651
2014 $330 —> epic capitulation
2015 $453
2016 $899
2017 $13,673
2018 $4,120 —> epic capitulation
2019 $7,318
2020 $23,475
2021 $51,500
2022            —> epic capitulation???

 Everybody is bullish as hell and leveraged to the tits. My feed just now has stacks of calls for a 52k bounce from here. I see a lot of fake bearish stuff on Twitter, retail psyops themselves though 😂

The epic capitulations were preceded by epic peaks.

Where epic peak?

[Mayday]

The epic capitulations were preceded by epic peaks.

Where epic peak?

Oi, I made that argument before 😝

It’s really just the reset we need, at whatever price that may be. Could be 10k, could be 15k or it could be the 27k wick that every crypto person is saying it will be.

What I would argue to myself who says ‘where peak’ is we are at 42.5% BTC dominance. Everybody is in alts at 35k. They need to be nuked and rug pulled otherwise going up means retail and capital is drawn away from BTC.

So for me, the low dominance is what I think price will react to. SOL at $50 sounds ok still. SOL at $10 makes you question whether it will actually rebound in years down the road.

Capitulation is crazy close. Every bastard said we were going to ATH or at least 52k and here we are at 35k. Retail can’t take much more of this.

[Flexacon]

Retail left in the summer last year and hasn't got back involved in any significant way since. Only degens are left.

This year for whatever reason crypto is mirroring the financial markets. They've dumped around 15 to 20% this year. If it was a correction and it's corrected then we know what happens next..

I sold my short positions and rolled some into Eth. For now I'm  buying lumps of ETH whenever it drops under 2.5K. Betting on Eth one day breaking it's ATH. This is with the knowledge that the block chain trilemma has in a round about way been solved and there is a work around for gas fees. It's gonna be the easiest money I ever make.

[Flexacon]

More shorts rekt. More dips bought. More compounding gains

[Mayday]

More shorts rekt. More dips bought. More compounding gains

Nice.

Target 41k-41.6k perhaps and see if there is any buy pressure left. Everyone in alts yet again.

I went full autist so I deleted to make it shorter 😂

March 4th 35k
March 25th 30k

As we approach Apr-May just be careful with your dip buying. Every bastard is going long from the same level you are.

This is the 2nd bottom at the same points. We will get a 3rd and everyone will do the exact same thing. I’ve attached the current liquidation points for you. Longs are where the liquidity is.

[robcguns]

All I can say is I’m doing pretty damn good swing trading alts atm. Been swinging ach in the .04-.065 channel and doing very well. Swung gala from .16-.39. Getting nervous now though with btc having a hard time trying to hit 40k.

[OneMoreRep]

This period of "war" has certainly proved to be beneficial in terms of buying altcoins at bargain prices.

There are numerous coins right now that hold some SERIOUS potential. For once, I am starting to believe that Ethereum might not be as great of an investment as I once thought it would be. Sure, it can still mature towards a $10K/coin value, but even then, that's just a 4x from where we sit today. Those are not life-altering gains on an investment. A good return, but not great. There are some cryptos that are starting to look like great opportunities. That said, I still hold a decent position on $ETH, but I have diversified a good amount towards other projects.

"1"

[Grape Ape]

All I can say is I’m doing pretty damn good swing trading alts atm. Been swinging ach in the .04-.065 channel and doing very well. Swung gala from .16-.39. Getting nervous now though with btc having a hard time trying to hit 40k.

I did that initial gala run from .19 to.........  .7 or something?

I always stay in too long too......just like LRC...got in at 1.36 held to 3.00 never sold.

Still believe in that one though, so will wait it out.

[robcguns]

I did that initial gala run from .19 to.........  .7 or something?

I always stay in too long too......just like LRC...got in at 1.36 held to 3.00 never sold.

Still believe in that one though, so will wait it out.

I missed the initial gala run, my buddy got it nicely though. It’s hard to jump out cause you never know if it’s gonna go 1000% from where you are about to jump. I’ve decided lately to just swing and be happy on every swing for 2k or better. It is working and I’m happy trading this way now, I couldn’t have done it a while back though. So I just go in on every trade and say 2k and I’m out. Luckily the last few trades I didn’t look for a day or two and was up 5-10k so those are the fun ones.

[Grape Ape]

I missed the initial gala run, my buddy got it nicely though. It’s hard to jump out cause you never know if it’s gonna go 1000% from where you are about to jump. I’ve decided lately to just swing and be happy on every swing for 2k or better. It is working and I’m happy trading this way now, I couldn’t have done it a while back though. So I just go in on every trade and say 2k and I’m out. Luckily the last few trades I didn’t look for a day or two and was up 5-10k so those are the fun ones.

You are correct sir.  That's the maturation process I need.  And you're right, the FOMO part about missing the 100% is what causes this.  I've seen so many coins like Sushi / LRC, etc that all do the 20% bump and drop all the time.  I am going to start doing that, but right now the market is a bit too unpredictable.

[Griffith]

eBay Could Soon Accept Bitcoin, Ethereum And Dogecoin For Payments

https://www.benzinga.com/markets/cryptocurrency/22/02/25871566/ebay-could-soon-accept-bitcoin-ethereum-and-dogecoin-for-payments-report

[Flexacon]

eBay Could Soon Accept Bitcoin, Ethereum And Dogecoin For Payments

https://www.benzinga.com/markets/cryptocurrency/22/02/25871566/ebay-could-soon-accept-bitcoin-ethereum-and-dogecoin-for-payments-report

A lot of companies announce this kind of thing for a little boost to their stocks, especially when doge gets a mention. I always check if the stock has been struggling and yep eBay has been dumping (although what isn't)

Still bullish, but take it with a pinch of salt.

[Spike]

maybe with all the economic regulations on Russia they will start buying Bitcoin and pay for my next IGF cycle

[Flexacon]

Nice.

Target 41k-41.6k perhaps and see if there is any buy pressure left. Everyone in alts yet again.

I went full autist so I deleted to make it shorter 😂

March 4th 35k
March 25th 30k

As we approach Apr-May just be careful with your dip buying. Every bastard is going long from the same level you are.

This is the 2nd bottom at the same points. We will get a 3rd and everyone will do the exact same thing. I’ve attached the current liquidation points for you. Longs are where the liquidity is.

Huge green Hulk dick. Mirrored in BTC dominance. Biggest green daily candle since Feb 21.

Only a real nuke sends us down now (ETF news and Biden might cause some short term pain)

When do you FOMO? 52k or 58k?

[Mayday]

Huge green Hulk dick. Mirrored in BTC dominance. Biggest green daily candle since Feb 21.

Only a real nuke sends us down now (ETF news and Biden might cause some short term pain)

When do you FOMO? 52k or 58k?

Massive green dildos alright, straight to daily resistance. Wouldn’t surprise me to see it go over the wma where people go apeshit again. I don’t mind because all I care about is the reset and whatever price that occurs at is what it is.

Deflationary event before inflationary policy/outcome. Happy to be wrong but I’m not going to believe a CPI of 7.5% (15% old metric)  is somehow equal to 0%. Right now you are in that boat with people who claim CPI doesn’t matter……..