Will bitcoin rebound from $20K now?
- Thread starter lostguy
- Start date
- Status
Its fine with me if i miss the bottom or top -the last eighths are the most expensive eighths in the world.If i can catch 75% of a move then it should be enough.
CryptoTrader87 is that name relating to the crash of 87?
CryptoTrader87 is that name relating to the crash of 87?
Ya the thought had occurred to me- however i remember market events more than birthdays .A real problem when dealing with women specifically if i dont remember their birthdays.
I believe it will go up once the markets are going up again. But with all the trouble in the world it has long prospects 🙁
I guess we will reach first of all somewhere in 28 k, then after that, we will see a reap deep.
Pro Technical analysis with 500 lines shows clearly it will go up and if it goes not down, it will go sideways before it will move in circles.
But when? That is what everyone wants to know, oh wise Dalai Lama.
That bear flag looks mighty similar to the previous bear flag, where price went from $30k to below $20k.
That bear flag looks mighty similar to the previous bear flag, where price went from $30k to below $20k.
It's first time for month over 23K since yesterday. It looks like it's starting to rise right now.
It is rising because the stock markets are rising. It will fall when the stock markets fall.
Bitcoin failed as an alternative everyday currency. It failed as a stable store of value. It failed as an inflation hedge. It failed as an alternative investment that is not correlated to other assets.
Now, the world patiently waits for its next failure.
Bitcoin failed as an alternative everyday currency. It failed as a stable store of value. It failed as an inflation hedge. It failed as an alternative investment that is not correlated to other assets.
Now, the world patiently waits for its next failure.
I dont know about bear flags as i am not an exceptional chartist.What i do know is equities are hitting their 200DMA and there is atleast one sucker rally in a bear market that hooks the bulls first and then slaughters them.So all those going long i wish you good luck if you make money.Otherwise my downside target of 12 k remains.After 23rd July we will find︀ out.
Not accurate at all. In a liquidity event, its normal all assets except usd goes down initially. Even the great gold does that.
This year is highly deflationary for example. The CPI numbers are backward looking.
This TA nonsense is anyway︃ just astrology for men. You have no loss being "not an exceptional chartist".
This year is highly deflationary for example. The CPI numbers are backward looking.
This TA nonsense is anyway︃ just astrology for men. You have no loss being "not an exceptional chartist".
This is nothing new at all.
Same happened in 2014 and then again in 2018.... Time repeats as long as the current fiat money systems stays, with cbdcs current trends will be turbocharged.
Same happened in 2014 and then again in 2018.... Time repeats as long as the current fiat money systems stays, with cbdcs current trends will be turbocharged.
This is not a liquidity event. It is a bear market. What you mean by a liquidity event is actually a market capitulation, which we have not yet seen. The term liquidity event is really defined as a corporate activity in which illiquid assets such as shares are made liquid and distributed to business owners and investors.
Gold only went negative within the last month because of super︀ strong USD strength. It held its value until quite recently while everything else lost value.︁
Gold only went negative within the last month because of super︀ strong USD strength. It held its value until quite recently while everything else lost value.︁
I keep the short position based on price,i was short from about 55000 on the way down.Which is currently closed.I closed out on breach of 22k on the upside( I am willing to lose the last eighth -probably i lost out a bit more of my profits as the stops had to be large to participate︀ in the trend).I am waiting on the sidelines to see which way this goes.I will︁ trade as per the line of least resistance.However in a bear market there is always︂ a sucker rally- I go with probabilities and price action( I still think this will︃ go down to 12 k,but i place my shorts when the price action confirms it).Any︄ hypothesis can change based on fundamentals and fundamentals change all the time.But price action is︅ the truth.If there is no confirmation of the hypothesis by the price action i am︆ out.I will reinitiate the shorts if price action confirms, and can also go long when︇ price action confirms it. I am not married either to the bull or the bear︈ side.I dont care which way it goes.If i make money i am happy so i︉ trade along the line of least resistance.Even if the market goes nowhere even then i︊ am fine as i can make money on the straddles,strangles,butterflies and Iron condors
- Status