Crypto market - the sh*t is exploding!! What's your next move?

[aage]

You are all following tight the crypto market, if not, don't need to read on.

What's your thoughts, what is going on, will s**t hit the fan now?

 

[JohnnyDoe]

It will go sub zero, it’s the end of it

 

[Martin Everson]

Is this triggered by seeing BTC dip below 20k? Where is Elon with a crypto tweet when you need him . Don't let the lawsuit scare you Elon from business as usual...lol.


P.S Updated title to "*" out bad language

 

[fortunespeculator]

It will go sub zero, it’s the end of it

I thought Johnny you are holding a lot of crypto why would you want that??Although my price target is 12 k for it.

 

[JohnnyDoe]

I thought Johnny you are holding a lot of crypto why would you want that??Although my price target is 12 k for it.

I don’t care about the $ number beside any crypto. But I strongly advise everyone to buy btc at $70k minimum Meanwhile I keep buying more and more at lower prices

 

[fortunespeculator]

I don’t care about the $ number beside any crypto. But I strongly advise everyone to buy btc at $70k minimum Meanwhile I keep buying more and more at lower prices

Well i will get in the bandwagon of buying crypto when it gets into an uptrend.Currently waiting for the down trend to playout.

 

[void]

Calm down, convert your worthless fiat to priceless btc and enjoy the opportunity

 

[JohnnyDoe]

Well i will get in the bandwagon of buying crypto when it gets into an uptrend.Currently waiting for the down trend to playout.

Yeah! Buy high and sell low

 

[maxmoney]

it will take 2 years before the market will be up to where it was a few months ago. What we see right now is a result of all the s**t going on in Ukraine with Zykomaniac Putin, Corona and the rest of corrupt governments.

 

[diatessaron]

It's Putin's fault. I'm buying.

 

[JackAlabama]

it will take 2 years before the market will be up to where it was a few months ago. What we see right now is a result of all the s**t going on in Ukraine with Zykomaniac Putin, Corona and the rest of corrupt governments.

No one knows if 2 years, 2 months or 2000 years...

 

[JohnnyDoe]

No one knows if 2 years, 2 months or 2000 years...

The only sure thing is that 1btc will always be worth 1btc. Govern yourself accordingly

 

[369]

It will first make an upmove to 25-28k before moving more down end of july beginning of august

 

[khinkali]

Due to the vast gain in prices over the years, moderate % swings can look bigger than past swings if you don't consider the scale.

If we look at USD-BTC on a log scale, we can see that the recent relative drop has not been bigger than previous drops. It needs to fall below about $13,500 to repeat past cycles; time will tell if that happens but I expect that a lot of bigger folk will buy in if it gets near to that level.

One thing that does stand out is how flat the prices have been recently. 18 months since peak and we're not even down by 80% yet. In the past, the time from peak to 80% drop was shorter.

 

[JohnnyDoe]

Due to the vast gain in prices over the years, moderate % swings can look bigger than past swings if you don't consider the scale.

If we look at USD-BTC on a log scale, we can see that the recent relative drop has not been bigger than previous drops. It needs to fall below about $13,500 to repeat past cycles; time will tell if that happens but I expect that a lot of bigger folk will buy in if it gets near to that level.

View attachment 3912

One thing that does stand out is how flat the prices have been recently. 18 months since peak and we're not even down by 80% yet. In the past, the time from peak to 80% drop was shorter.

I keep saying it! All charts must be set with a log scale, otherwise they are just nonsensical.

 

[JackAlabama]

Due to the vast gain in prices over the years, moderate % swings can look bigger than past swings if you don't consider the scale.

If we look at USD-BTC on a log scale, we can see that the recent relative drop has not been bigger than previous drops. It needs to fall below about $13,500 to repeat past cycles; time will tell if that happens but I expect that a lot of bigger folk will buy in if it gets near to that level.

View attachment 3912

One thing that does stand out is how flat the prices have been recently. 18 months since peak and we're not even down by 80% yet. In the past, the time from peak to 80% drop was shorter.

There is no underlying reason for it to "it must drop to xyz" etc.

 

[khinkali]

There is no underlying reason for it to "it must drop to xyz" etc.

I agree. I'm saying that the recent price performance is not unusual, despite the "crashing" and "meltdown" claims in headlines of some news organisations.

 

[JackAlabama]

I agree. I'm saying that the recent price performance is not unusual, despite the "crashing" and "meltdown" claims in headlines of some news organisations.

Yeah, these are always momentum enforcers and are incredibly bullish at the top and doomsday at the bottom.

 

[369]

accumulation and distribution nothing else
they still fully control btc

 

[fortunespeculator]

Yeah! Buy high and sell low

Not really -so far my shorts are performing pretty good.I guess we will find out how they perform as time progresses.And since I am not married either to the bull side or the bear side i dont really care which side it goes.I will trade as per the line of least resistance.As of now i think it will go to 12 k.In the event it doesnt play out the way i envisage - it takes me a whiff of a feather to reverse my positions.As i said before i am willing to lose the last eighth of a move.Risk is always there in everything.Its all about managing that risk.I have never understood what you want to convey with your comment of 1BTC equals 1BTC because 1kg of Gold is also 1Kg of Gold.