Epic Pennant on BTC Chart

[Xrpdude]

Just now, Ramforinkas said:

I'm in the, BTC won't hit anywhere near 400k this cycle boat, but crypto loves to overextend in both directions due to emotions, and I wouldn't be shocked to see that sort of PT achieved.

Crypto markets are extremely volatile. Just because you sold 6 weeks ago, doesn't mean you'll be right in another 6 weeks, although perhaps you will be. The market is RIPE right now for some kind of massive relief rally. Extreme fear, FUD, nearly everyone is bearish at this point, no bounce after the ~40 - ~50 percent price decreases, accelerated sell off... this market doesn't typically do what everyone is expecting it to do.

Regardless, this recent price movement is new territory for the most part, we don't know what'll happen in the coming weeks. It's not like we did an ABC correction after the fall.

I absolutely agree we'll see a relief rally, the classic "return to normal" and I wouldn't be too surprised to see BTC to briefly touch circa $32-35k again briefly (maybe a few days). But ultimately we're in a crypto winter. 

Interesting thing is when it comes to human psychology, often the smoke isn't enough to prompt us to leave the building we have to see the flames. I jumped when I saw the smoke, but the flames are there now. BTC going sub 30k is a wake up call for many - it was obvious to me and now I'd say I'm even more convinced. But...yep, let's see if I'm right (I have been up to now, and without a single line on a chart)! 

[Eric123]

10 hours ago, Nat99 said:

In your view, is there a world where BTC is the de facto money of the world, but some of these alts still have their place?

This is my view.  There are use cases that don't require the security, un-censorablity and decentralization that bitcoin provides.  For some uses you may want to be able to have a centralized authority roll back transactions, other chains will be able to provide those services.  I think there is room in the blockchain space for projects other than Bitcoin. 

 

20 hours ago, Nat99 said:

Anyone else other than El Salvador? Can you share more info?

Paraguay, Panama, Venezuela, Argentina, Brazil

 

https://finance.yahoo.com/news/understanding-latin-america-rising-interest-150000174.html

https://www.batimes.com.ar/news/opinion-and-analysis/a-crypto-revolution-in-argentina.phtml

https://www.coindesk.com/brazil-second-country-approve-bitcoin-etf

Good interview starts at 14:00 

 

35 minutes ago, RipMcGillicuddy said:

Sounds like Saylor

Michael Saylor is a very smart man.  Watch his interview with Raoul Pal.  

[Nat99]

8 hours ago, Xrpdude said:

You are aware that nobody knows the answer to these questions right???

I asked for his opinion and that's what I got.

[solid102]

I said it before and I will say it again as long as we are in the 30k to 40k range we are in consolidation. BTCUSD long positions are off the charts and while we did dip below 30k as you just seen we came back up quite quickly. So don't listen to the obnoxious trolls this forum has been plagued with since 2 years ago and keep the faith.

[jMusic]

There is a high probability that we will begin to move upwards over the next few days (with an FLD \ angle = green area)

The wavelength and amplitude of the price oscillation are increasing and I think btc moves up to around $42,000 with resistance around $37,000. Volume is also increasing.

Edited June 22, 2021 by jMusic

[xrp-nuke]

2 hours ago, Ramforinkas said:

nearly everyone is bearish at this point, no bounce after the ~40 - ~50 percent price decreases, accelerated sell off... this market doesn't typically do what everyone is expecting it to do.

Well I was telling that closing week(s) below 20% from ATH is entering bear market, sinking lower than historic correction which is 39% is announcing bear market.

XRP will not do mirracle and will not pump while BTC dumps. 

I was saying many times everyone who wants XRP correcting yo 30k levels is asking for prolonged bear market.

Basically all hate was on me 🤣🤣🤣

2 hours ago, Ramforinkas said:

Regardless, this recent price movement is new territory for the most part, we don't know what'll happen in the coming weeks. It's not like we did an ABC correction after the fall.

As a beginning lets start building Higher lows towards 43k

[Nat99]

2 hours ago, Eric123 said:

There are use cases that don't require the security, un-censorablity and decentralization that bitcoin provides.  For some uses you may want to be able to have a centralized authority roll back transactions, other chains will be able to provide those services.  I think there is room in the blockchain space for projects other than Bitcoin. 

Where's XRP's role in all this?

[xrp-nuke]

27 minutes ago, solid102 said:

So don't listen to the obnoxious trolls this forum has been plagued with since 2 years ago and keep the faith.

This guy is only complains, acts aggresively and ABSOLUTELY NEVER on the spot.

But he still thinks that to give silly advice once actions has happened is so gentelmen, though he still is very very wrong.

Remember, he will not be here to support you or give advice once market continue crash.

Edited June 22, 2021 by xrp-nuke

[jMusic]

7 minutes ago, xrp-nuke said:

This guy is only complains, acts aggresively and ABSOLUTELY NEVER on the spot.

But he still thinks that to give silly advice once actions has happened is so gentelmen, though he still is very very wrong.

Remember, he will not be here to support you or give advice once market continue crash.

[xrp-nuke]

1 minute ago, jMusic said:

😁🖖

[solid102]

43 minutes ago, xrp-nuke said:

This guy is only complains, acts aggresively and ABSOLUTELY NEVER on the spot.

But he still thinks that to give silly advice once actions has happened is so gentelmen, though he still is very very wrong.

Remember, he will not be here to support you or give advice once market continue crash.

I am "so gentleman once action happens" with my wife not with you.

Edited June 22, 2021 by solid102

[xrp-nuke]

2 minutes ago, solid102 said:

I am so gentleman once action happens with my wife not with you.

Keep the faith 🤣🤣🤣

[JASCoder]

8 hours ago, Julian_Williams said:

It seems the bears are still attacking the floor price.   The Bulls are still resisting buying at this price.

From what I'm hearing, many of the "millionaire's wallets" are showing a net accumulation now at current levels. Let's see how this metrics plays out for firming up the current floors resistance.

[Julian_Williams]

12 minutes ago, JASCoder said:

From what I'm hearing, many of the "millionaire's wallets" are showing a net accumulation now at current levels. Let's see how this metrics plays out for firming up the current floors resistance.

nice to see that buy vol come in on a green candle

[xrp-nuke]

46 minutes ago, JASCoder said:

From what I'm hearing, many of the "millionaire's wallets" are showing a net accumulation now at current levels. Let's see how this metrics plays out for firming up the current floors resistance.

I was hearing it all way down to 29k for a month already all on chain analyst say that whales accumulate. I really think that there is some gap in data that allows a bit more positive outlook than really is.