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Epic Pennant on BTC Chart


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Bitcoins over lol stop thinking of super cycles, extended cycles, 10k wicked etc. Not happening. 

If you're longing BTC these are expensive prices as you'll be able to get it slightly cheaper soon. 

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21 minutes ago, NMNR said:

Bitcoins over lol stop thinking of super cycles, extended cycles, 10k wicked etc. Not happening. 

If you're longing BTC these are expensive prices as you'll be able to get it slightly cheaper soon. 

And my thesis stays, BTC down, XRP down 🥺👍

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So has the market bottomed this weekend.  As anyone that has been following my posts knows, I think these dips are a good time to buy in.  I haven't bought anything recently, my last buy was BTC when it was in the $29k range, but I am looking to pick up some more BTC or LTC, maybe today or tomorrow. 

Sologenic is below .80.  By Jan 20th hope the price is around .20.  I want to pick some up, and also the airdrop that I will receive (if I set up the trustline right) is taxable as income so I want that to be low when I receive it. 

11 6 2022.png

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4 hours ago, JASCoder said:

The BCB is implying this floor is holding and likely to lead to bouncing back up soon ?

 

More likely downward twards 3x, CPI drives the market.

Also time to have a bear market, if you 4 yeara cycle beliver.

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1 hour ago, xrp-nuke said:

More likely downward twards 3x, CPI drives the market.

Also time to have a bear market, if you 4 yeara cycle beliver.

CPI drives the market? Do you even know what you're talking about. With much respect, are you an economist or have any background in economics? As a professional with a background in Economics in the banking world, I am interested to see your thought behind this rather than click bait twitter and poor websites claiming they have a clue about central banking decisions on the wider economic sphere. 

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2 minutes ago, NMNR said:

CPI drives the market? Do you even know what you're talking about. With much respect, are you an economist or have any background in economics? As a professional with a background in Economics in the banking world, I am interested to see your thought behind this rather than click bait twitter and poor websites claiming they have a clue about central banking decisions on the wider economic sphere. 

I’ll grab the popcorn 🍿 👍

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I've not been posting so much of late as there hasn't been anything that really interested me with btc, however we have now fallen back to the long-term upward trend line that started in Sept 2020.

Now this looks interesting ! Do you see the possible repeating pattern ? :) We shall see.

Of course if btc drops through this support then it could get very messy.

555972619_btc1-9-22.thumb.png.ab49866a5791e5b4e28d2bb5d86b85e8.png

Edited by jMusic
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On 1/7/2022 at 6:56 AM, NMNR said:

Bitcoins over lol stop thinking of super cycles, extended cycles, 10k wicked etc. Not happening. 

If you're longing BTC these are expensive prices as you'll be able to get it slightly cheaper soon. 

While I do agree that BTC topped already, you do realize assets don’t go straight down even in a bear market right? You could buy some now and then sell on the retrace or “relief rally” as I’ve heard it called once before :P

BTC’s already made significant moves down (specially that recent, very sharp one) without much of a retrace. I’d expect some sort of reversal before continuing the downtrend. BTC could literally get a 10k green candle or “BGC” as Eric likes to call it, and still be headed downward in bear market mode (though I’d expect a much smaller move). Just look at the chart on CMC, it looks like it’s ready for a “pulse” to the upside next (looks really clear in the 3m timeframe, I’m no TA chartist tho, just gut and a lil common sense). I could obviously be wrong, though, just giving my personal feeling and thinking out loud. I’m not placing any bets, though, I was out of BTC when it pumped hard in spring last year. 

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6 hours ago, NMNR said:

CPI drives the market? Do you even know what you're talking about. With much respect, are you an economist or have any background in economics? As a professional with a background in Economics in the banking world, I am interested to see your thought behind this rather than click bait twitter and poor websites claiming they have a clue about central banking decisions on the wider economic sphere. 

Nope, I am not, just momentum based on market reactions to news. 

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