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Pancakes said:
No chance

SHIB has had its day, it might move a little but i am confident it won't remove another zero from its current price.
Time to jump on the next train, hopefully you can pick the correct one.
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Yeah, I got fox really early, happy with that. Just gotta do some research, I guess?
 
freddy mercury said:
Yeah, I got fox really early, happy with that. Just gotta do some research, I guess?
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I’ve given everyone an overview of a project above that should see some very good returns this cycle, with the bonus of massive returns from staking. I will effectively make back my initial stake of MC within one month of staking.
 
BIRDBRAIN said:
It's either that or we've been wykoff'd again and it'll be back to 30k. We've been around these levels since early October, something has to break soon, in some direction. I think we'll be going up. Pure hopium maybe.
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There doesn't seem to be a lot of buyers at these levels, and you couldn't say that any of the majors are underpriced right now. We've already had dumb money buy into meme coins, safemoon, cumrocket, and other shit, as well as ADA, so I'm wondering whether there's enough dumb no-coiner normies left to buy our bags on the road to the top of a parabolic run.

Some reputable traders think we'll pump to 61-63k, then dump to high 30's-low 40's. That's my play for the time being. Of course I'd prefer a massive green dildo instead.
 
BIRDBRAIN said:
It's either that or we've been wykoff'd again and it'll be back to 30k. We've been around these levels since early October, something has to break soon, in some direction. I think we'll be going up. Pure hopium maybe.
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There is nothing TA wise signaling a break down below the Bull Market Support Band, which sits between 50-52k. I think BTC is gaining more strength each time it retests this on the way up.
 
BACCS said:
There is nothing TA wise signaling a break down below the Bull Market Support Band, which sits between 50-52k. I think BTC is gaining more strength each time it retests this on the way up.
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Have you ever been bearish?
 
Evolved1 said:
Have you ever been bearish?
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Yes, when we went below 30k. What TA is pointing towards a drop to 37k? If any of the many recent flash crashes all bounced off the 53-56k range, what is triggering price below those levels? There has been a lot of bad news for markets over the last couple of months, if that can’t trigger a massive sell off then what will? BTC and ETH supplies on exchanges continue to be at all time lows as well.
 

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BACCS said:
Yes, when we went below 30k. What TA is pointing towards a drop to 37k? If any of the many recent flash crashes all bounced off the 53-56k range, what is triggering price below those levels? There has been a lot of bad news for markets over the last couple of months, if that can’t trigger a massive sell off then what will? BTC and ETH supplies on exchanges continue to be at all time lows as well.
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Rejection from the resistance zone between 61-63k would put in a lower macro high. It could emulate the previous move earlier in the year from a high at 65k, dump to 48k, then lower high at 59k.

There are similarities with bearish divergences in volume and RSI.
 
BIRDBRAIN said:
It's not a good sign lmao. reminds me of May.
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BTC was treading a lot more water than this in May, and ETH pushing to new ATHs happened with more parabolic moves. Why is anyone worried right now? If Evergrande and a new covid variant are brushed off, what news could be worse to truly nuke the market?
 
Evolved1 said:
Rejection from the resistance zone between 61-63k would put in a lower macro high. It could emulate the previous move earlier in the year from a high at 65k, dump to 48k, then lower high at 59k.

There are similarities with bearish divergences in volume and RSI.
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Will just have to wait and see I guess. Would defy history for December to be bearish for BTC in a bull cycle.
 

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BACCS said:
Will just have to wait and see I guess. Would defy history for December to be bearish for BTC in a bull cycle.
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The November candle looks horrible, and with low volume. I don't think there's enough buyers to pull us up to 100k USD BTC.

I'll stick with my previous prediction that we top between 70-90k, with a disclaimer that being 1k off isn't bad.
 
BACCS said:
BTC was treading a lot more water than this in May, and ETH pushing to new ATHs happened with more parabolic moves. Why is anyone worried right now? If Evergrande and a new covid variant are brushed off, what news could be worse to truly nuke the market?
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Go outside, turn around three times and spit.

What the hell's the matter with you?
 
Evolved1 said:
The November candle looks horrible, and with low volume. I don't think there's enough buyers to pull us up to 100k USD BTC.

I'll stick with my previous prediction that we top between 70-90k, with a disclaimer that being 1k off isn't bad.
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If that becomes the top, I predict ETH to briefly take the number one mantle this cycle. Can’t see it lasting long if BTC is struggling itself, but ETH has shown strength multiple times now while BTC crabs sideways.
 
A very balanced view on how the crypto and stock market have reacted to the COVID news over the last couple of years Evolved1 (it's a long thread so I suggest going through it all on Twitter):



TLDR; the COVID news is not having as much impact now, as it did in May, as it did in March 2020 etc, you get the drift. The market is learning and sellers are realising that selling on this type of news each time will bite them in the arse, as buyers are reacting faster.
 

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