Remove this Banner Ad

Cryptocurrency mega-thread

🥰 Love BigFooty? Join now for free.

The monthly and quarterly futures contracts are expiring this Friday, there could be more pain ahead this week. The bear targets I’ve heard the most from a few analysts is 28k (which we hit last night) and 24k. So I’m still expecting at least one more leg down before the institutions with money are fully satisfied and have scooped up at their price targets.
 

Log in to remove this Banner Ad

maryjames said:
Scared of crypto going up.

Or you so down it laughable?
Click to expand...



Oh man, this is awkward. I actually called the top of the market and sold out within 10% of the peak back in March. I've got no objections to it going back up again, and thing it will after it finishes its current collapse to sub US$20k over the next few months. BTC has no chance of surpassing it's previous ATH until mid 2023 onwards at the absolute earliest.

ash_1050 said:
Officially out of crypto as of this morning, sold off my last 0.5 BTC (current price $59,076.92) to put it into another investment opportunity.

Suspect after 7-8 years in the crypto space (and some reasonable profits) that I'll be unlikely to invest again unless there is more de-risking moving forward to address key hurdles that crypto has yet to overcome (regulation, adoption, environmental impact). Blockchain has huge potential, but the best money has been made in terms of ROI and I suspect the golden age of profits are largely behind for BTC/ETH/XRP.
Click to expand...
 
ash_1050 said:
Oh man, this is awkward. I actually called the top of the market and sold out within 10% of the peak back in March. I've got no objections to it going back up again, and thing it will after it finishes its current collapse to sub US$20k over the next few months. BTC has no chance of surpassing it's previous ATH until mid 2023 onwards at the absolute earliest.
Click to expand...
Haha, mid 2023 to just surpass 64k again? This collapse to sub 20k breaks so many technical barriers that it hurts my eyes reading it. Do you bother reading any other TA viewpoints, to at least understand other perspectives?
 
ash_1050 said:
Oh man, this is awkward. I actually called the top of the market and sold out within 10% of the peak back in March. I've got no objections to it going back up again, and thing it will after it finishes its current collapse to sub US$20k over the next few months. BTC has no chance of surpassing it's previous ATH until mid 2023 onwards at the absolute earliest.
Click to expand...
Top? Who said top? Lol

I didn’t say that all time highs for august i said it will be going up in august.

Were you the guy bragging about 6 figures up not long back? 😂
 
Raisedeyebrow said:
What does this mean? Sorry I don't understand.
Click to expand...
It's a buying strategy when you're not sure where the bottom of a dump is.

cryptocurrencyfacts.com

Averaging, Scaling, and Laddering

Dollar cost averaging and laddering buy and sell orders are two simple to implement investing strategies that can save you a lot of headaches.
cryptocurrencyfacts.com cryptocurrencyfacts.com
 
Seeds said:
Because peoples wages which are paid in dollars can now purchase less with that currency. Bitcoin millionaries add all this demand for goods and services without adding to the supply. That pushes prices up.
Click to expand...
Do you see it as a positive that many crypto investors will be contributing to society through paying higher taxes?
 

Remove this Banner Ad

Evolved1 said:
Imagine not taking profits when doge was 70c.

Click to expand...

Watching this guy was frustrating. Funny though at the same time. I hope he holds for years and years and says I told yous so. But deep down we know this could crash horrendously from here..the youtubers were telling him to sell. It would take 30 years of 60k per year to make what you made in 3 months and he still held. Couldn’t believe it.
 
BACCS said:
Haha, mid 2023 to just surpass 64k again? This collapse to sub 20k breaks so many technical barriers that it hurts my eyes reading it. Do you bother reading any other TA viewpoints, to at least understand other perspectives?
Click to expand...

Given I'm no longer invested in crypto and have a price point at which I'd consider getting back in it's not worth spending any time reading TA for me at all, it's based purely on my experiences over the last 7-8 years of experience with multiple market cycles in the crypto space.

The fact that I'm being shouted down for having a contrarian viewpoint is laughable given the majority of people in this thread have been in crypto for all of a few months, have no understanding of basic market principles, and rely on others from the crypto space to tell them what to believe.
 
Last edited:

🥰 Love BigFooty? Join now for free.

Evolved1 said:
Just hit 34k
Click to expand...

That's great, today is June 23rd.

Expecting BTC to keep receding further and to be sub $30k by August, so my hypothesis still stands. People are craving 'being right' so much they're completely overlooking every indicator that crypto is in a very depressed bear market and ignoring the fact they're down 40%+ over the last few weeks alone.
 
ash_1050 said:
he fact that I'm being shouted down for having a contrarian viewpoint is laughable given the majority of people in this thread have been in crypto for all of a few months, have no understanding of basic market principles, and rely on other from the crypto space to tell them what to believe.
Click to expand...

This isn't the place for anything negative. It's about dumping twitter links to say everything will be okay because it has been in the past. And ignoring the fact that the crypto world is facing challenges not seen in previous crashes.
 
ash_1050 said:
That's great, today is June 23rd.

Expecting BTC to keep receding further and to be sub $30k by August, so my hypothesis still stands. People are craving 'being right' so much they're completely overlooking every indicator that crypto is in a very depressed bear market and ignoring the fact they're down 40%+ over the last few weeks alone.
Click to expand...
Maybe. Too early to tell, but that dump yesterday looks a bit like the spring in a Wyckoff accumulation phase.
 
brolga_ said:
Anyone throwing any more money into this with the grim hope that it's the bottom is crazy. Just be patient, the all-time low after the last few bull market peaks was about a year after the peak. We have to let this thing fully sh*t itself, not partially sh*t itself.
Click to expand...

That's if you believe that we are in a full-blown, extended long-run bear market. Personally I do not.
Yes there is a chance we may test $20k, but regardless I think think we will consolidate and then uptrend later this year.
 

Remove this Banner Ad

Remove this Banner Ad

🥰 Love BigFooty? Join now for free.

Back
Top Bottom