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Cryptocurrency mega-thread

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The Dice Man said:
Was watching the charts yesterday and it seemed ETH really wasn't being affected by BTC's movement as much at times.
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EIP-1559 is only days away and I firmly believe ETH will overtake BTC on market cap this cycle. Don’t think it will hold, but confident it can happen and then hold permanently after the major ETH 2.0 upgrade.
 
BACCS said:
EIP-1559 is only days away and I firmly believe ETH will overtake BTC on market cap this cycle. Don’t think it will hold, but confident it can happen and then hold permanently after the major ETH 2.0 upgrade.
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Coin Bureau guy thinks the same.

Would anyone be suprised if BTC drops to below 36k again over the weekend?
 
The Dice Man said:
Coin Bureau guy thinks the same.

Would anyone be suprised if BTC drops to below 36k again over the weekend?
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Don’t think below. I saw a buying volume chart earlier, a lot of support built between 38-40k over the last week. RSI is now oversold on the hourly timeframe at 38.5k.
 

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A bit of a rough start to the daily, but now above 41k and 10 green daily candles in a row coming up. Bitcoin dominance up nearly a 1% too. If a monthly options expiry can only cause a couple of percent drop that lasts less than a few hours, the market is bullish. Shorts are still getting smashed.
 
BACCS said:
A bit of a rough start to the daily, but now above 41k and 10 green daily candles in a row coming up. Bitcoin dominance up nearly a 1% too. If a monthly options expiry can only cause a couple of percent drop that lasts less than a few hours, the market is bullish. Shorts are still getting smashed.
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10 bitcoin green in a row has not happened since May 2017..


Interesting
 

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ash_1050 said:
Or not until early 2022 at the earliest. My call is we won't see US$47k BTC this year
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Wow. I get that you’ve been in this for a while, but you clearly don’t pay close enough attention to the charts anymore to be going with this call. I’m just going to let BTC do the talking over the next couple of weeks, won’t even post a told you so. BTC has just posted 10 straight daily green candles for the 2nd time in history and has established very strong buying support around the 40k range.
 
BACCS said:
Wow. I get that you’ve been in this for a while, but you clearly don’t pay close enough attention to the charts anymore to be going with this call. I’m just going to let BTC do the talking over the next couple of weeks, won’t even post a told you so. BTC has just posted 10 straight daily green candles for the 2nd time in history and has established very strong buying support around the 40k range.
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I don't buy it, it's purely a late pump and dump before a prolonged downturn is my bet.
 
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BACCS - You may be the biggest bull I've ever seen/spoken to/conversed with :tearsofjoy: I don't mean that in a bad way, either. Sometimes when I read a post, I KNOW you're only a post or two away telling everyone why they're wrong.
 

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QNT looking alright. As always, regret not buying more. Rolled some XRP into it late last week and it's 2.5x since then. Hoping it will push up a bit more then will roll back into XRP once that starts to take off.
 
Shupe said:
BACCS - You may be the biggest bull I've ever seen/spoken to/conversed with :tearsofjoy: I don't mean that in a bad way, either. Sometimes when I read a post, I KNOW you're only a post or two away telling everyone why they're wrong.
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I just back the research I’ve done and what the charts are telling. Over the last couple of weeks we have been building higher lows, that’s bullish. Market Cipher A posted buy signals for BTC, ETH and XRP last week that are historically seen just before a major run up on the daily timeframe. The only time in recent history that it has been wrong was a green dot just before the major crash in May for BTC, but it did warn of this with a sell signal and would’ve allowed people to get out of positions.

I trust analysts more experienced than me as well and the majority are bullish. Continue to post higher lows and test support and there is no reason not to believe this bull cycle will continue in the coming months. BTC dipped below 40k this morning and suddenly bears were out in force again, but after 10 daily green candles some consolidation was required before further upside.

I see no reason to be short term bearish, that’s all. My only regret is not being patient a couple of months ago and waiting for better entry positions, but that disappointment is only fueling the research I do now to make sure it never happens again and I remove emotions from trading.
 
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BACCS said:
I just back the research I’ve done and what the charts are telling. Over the last couple of weeks we have been building higher lows, that’s bullish. Market Cipher A posted buy signals for BTC, ETH and XRP last week that are historically seen just before a major run up on the daily timeframe. The only time in recent history that it has been wrong was a green dot just before the major crash in May for BTC, but it did warn of this with a sell signal and would’ve allowed people to get out of positions.

I trust analysts more experienced than me as well and the majority are bullish. Continue to post higher lows and test support and there is no reason not to believe this bull cycle will continue in the coming months. BTC dipped below 40k this morning and suddenly bears were out in force again, but after 10 daily green candles some consolidation was required before further upside.

I see no reason to be short term bearish, that’s all. My only regret is not being patient a couple of months ago and waiting for better entry positions, but that disappointment is only fueling the research I do now to make sure it never happens again and I remove emotions from trading.
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I don't disagree, I'm also of the belief that the bull run will continue and always have been.

That said, it's crypto and literally anything can happen. I've said it before and I'll say it again - you can make charts tell you whatever you want them to tell you.

I genuinely wish everyone all the best. I just don't want to see anyone lose their life savings because of 'UP ONLY' and no mention of risk. You talk like there's no way possible that BTC doesn't continue it's upward trend.
 
Shupe said:
I don't disagree, I'm also of the belief that the bull run will continue and always have been.

That said, it's crypto and literally anything can happen. I've said it before and I'll say it again - you can make charts tell you whatever you want them to tell you.

I genuinely wish everyone all the best. I just don't want to see anyone lose their life savings because of 'UP ONLY' and no mention of risk. You talk like there's no way possible that BTC doesn't continue it's upward trend.
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Of course I understand the risk of a downtrend as well, I know it too well after my introduction to crypto. I can’t predict whether we get heavy manipulation and May style crash again, but I’ll definitely be better prepared for it this time and have at least recovered about 75% of my losses. Basically, until I see continual FUD news and start to post lower lows on the weekly, I’m not worried, but I do understand how quickly it can turn.
 

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