Will bitcoin rebound from $20K now?

[JackAlabama]

It is a liquidity event. Just look at the balance sheet growth of cb and m2⁢ etc etc.
All contracting this year.
Gold has been going down for months already and︀ will stay so until money printing resumes.

 

[fortunespeculator]

Ya the⁠ money printing part is correlated with Gold ,i cannot comment on the other points as⁤ they are too complex for me to comment on.I like to make money based on⁣ simple things,simple logic.I am not interested much in the why as long as i have⁢ a basic hypothesis i am fine, i am interested in when a particular trend plays︀ out and make money based on it.

 

[kokolokop]

There is a 50% chance that the market will go up and 50% chance that‌ it will go down. You're welcome.

 

[fortunespeculator]

The odds are not‍ always 50-50,they change frequently.The market moves up two- thirds of the time and goes down⁠ one third of the time.

 

[RealDude]

0% that it remains‍ the same?

 

[bonox]

just waiting to hit the right time within the next 3 days, so I will buy!‍

 

[backpacker]

A delusional Bitcoin enthusiast faces reality -> MicroStrategy CEO Michael Saylor steps down to "focus"‌ on Bitcoin as chairman

 

[Golden Fleece]

It just happened. Bitcoin just‍ broke out of a two-month bear flag, which I identified back on July 14th (in⁠ post #33). It broke out to the downside. Of course, fundamentals always take precedence over⁤ technical analysis.
https://www.tradingview.com/chart/BTCUSD/1MRrEss9-Bearish-breakout-of-the-BTC-bear-flag/

 

[fortunespeculator]

Ya closed my longs at 21 k after getting long at 24 k which i any⁠ way didnt have much conviction on because it was a sucker rally as mentioned before⁤ by me as well but since i trade the price i could not have had⁣ disagreed with the existing price trend so had to take a small long position which⁢ i have closed out now- I didnt exactly know how long the sucker rally would︀ play out (as markets can stay irrational much longer than you and i can remain︁ solvent) hence had taken a fifth of my position on the long side keeping with︂ my 2% loss rule of account equity.Will go short at 20400 with a stop of︃ 21k again for a target of 12k.I never like the whipsaws but they are a︄ part of speculating professionally.A cost for doing business.

 

[blizz]

What would be a good time to buy BTC again? maybe now while it is‌ lower or would you predict it to go even lower than what it is right‍ now 21.1K ?

 

[BillBong]

Now, at it's lowest would be around⁠ 17k, but the bear will not be around for ever, the bull will come and⁤ everyone will regret, yet again, that they didn't invest.

 

[fortunespeculator]

Ha ha‌ ha

 

[TheCryptoAnt]

Are yall ready to see Bitcoin break the lows, everybody panicks, and then trades over‌ it again?

 

[fortunespeculator]

Ya lets see after 7 th September

 

[RealDude]

Everything is probably getting worse according to Chinese and American statements (except Russian statements, haha)‌

Buy, hold or sell now?

 

[369]

bitcoin is testing the bottom of an ascending channel.
It will high probably test one‌ more time the top of the channel at arround 28k before breaking down to 4.5k‍

 

[369]

waiting for a small gift from you for giving that target 😀 once we WILL hit‌ the target

 

[TheCryptoAnt]

My ultimate bear market target at $420

Steady lads

 

[TheCryptoAnt]

because im a man of culture sir‌

 

[backpacker]

BTC @ $ 4.5k just means that it would have⁠ erased all of it's gains since March 2020. It would be a late wake-up call⁤ for all the delusionary BTC enthusiasts who call Bitcoin a wealth preservation tool 🙄.