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Where?
Bitcoin
- Thread starter Wild Turkey
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Is this live video of the Fed printery? Or is the baby throwing the trash out because all the Bitcoin has been bought up and there's nothing left to do with it?
Heading up to Big Bear. See you guys next weekend. Will try to pop in and give you some of my time and guidance but can't make any promises.
/21m
... It's getting VERY interesting now! If/When it gets down to $15K, I'll have some decisions to make... like how many to buy and /or do I believe it will go much lower.
LET'S GO!!!
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Can we get a YouTube video update from Michael Saylor please?
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If/When it gets down to $15K, I'll have some decisions to make... like how many to buy and /or do I believe it will go much lower.
LET'S GO!!!
A few analysts have said that if it drops below 25K (which it clearly has) the next technical level of support (if you trade according to these principles) is 8K.
That makes no sense. There are multiple support levels before that, including critical support at multiple fibs. There's nothing significant at $8k at all. Also, the CME gaps have all been filled.
As @Swurv mentioned, I seriously doubt that 8K would be the NEXT level of support.
As I have mentioned previously, I'd love to see it get to that low of a level, though! Still have leeway in my BTC "slush account"...
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As @Swurv mentioned, I seriously doubt that 8K would be the NEXT level of support.
As I have mentioned previously, I'd love to see it get to that low of a level, though! Still have leeway in my BTC "slush account"...
Ya know. It was some guy on CNBC a couple of weeks ago. I wasn’t fully paying attention. He MAY have said something like “it could go all the way to it’s last level (as opposed to next level) of support which is 8K. FWIW I think 8K is it’s bottom. You guys may be right. It may never get there but IMO that’s the bottom. I don’t see it going to zero.
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It's right on that little bit of old support at 19,500. If it breaks a bit here, it's going to get really ugly.
Bloomberg - Are you a robot?
www.bloomberg.com
The latest leg down pushed Bitcoin below $19,511, the high the coin hit during its last bull cycle in 2017, which it reached at the end of that year. Throughout its roughly 12-year trading history, Bitcoin has never dropped below previous cycle peaks.
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If it breaks that where do you see the next level of support?
Oh, it's DEFINITELY gonna get more interesting. It's below 18K now. It IS new territory during this "off the wall" post-plandemic economy.
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I try not to give low volume, after hours trading too much credence. It might open back in the 19s when peeps with actually money are paying attention.
There's just no more support levels. They're just for guessing anyway. Who knows....that's the problem with things having no tangible or intrinsic value. Hell, even oil went to zero a couple years ago, and it's actually worth something to all of us.
There's just no more support levels. They're just for guessing anyway. Who knows....that's the problem with things having no tangible or intrinsic value. Hell, even oil went to zero a couple years ago, and it's actually worth something to all of us.
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There was a sharp drop in price this weekend. It literally went straight down but has been trending down since. Your point about after hours trading (although crypto trades on a different schedule) is a good one. It looks like it traded downward on some raised volume. Is that accurate? If yes, any thoughts as to why?
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I dunno because I don't own and haven't followed this. I don't know how it trades. I might stick with my original estimate from Monday.
?? BTC has a real, useful value - to drug lords and despots. But now that everyone knows the Feds track every single fake coin, the value is a lot less than it used to be.
Oh, it's DEFINITELY gonna get more interesting. It's below 18K now. It IS new territory during this "off the wall" post-plandemic economy.
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It doesn't bode well that Hammer keeps talking about it the way PhoenixEagles1 talked about Carson Wentz.
The similarities are just scary.