Crypto loves to fake a head and shoulders but then the right shoulder neckline goes on and on and on until eventually it curves back up.

You know how is really laughing? Someone who sold BTC at $1100, multiplied those gains by 1000% with some other investment, instead of the funds sitting hodl limbo during crypto winter for 2 years, and THEN used those proceeds to rebuy 50 times more coins at $180.

I think seeing some kind of massive dump or final capitulation where 1,000,000 coins are sold/bought would be healthy.. and seeing the order books fill back up with 5,000 coin walls and the 50,000 high books thatve been hiding

I havent see any sell walls. Biggest order ive seen is 300.

My orders that I dont go to bed without:
1. Just above 8000
2. Just above 5500
3. Just above 1000, 100 and 10 (in case of a wierd exchange liquidation wipeout)

Its more than a dip. We were at a decision point in the chart and the pattern of a continuing downtrend is being confirmed.

Where is this scheduled uptrend you are talking about?

I sold Bcash at 0.5btc and then tripled the proceeds by daytrading.

But where is the money to buy dips if you are always all in btc and dont trust exchanges? It is contradictory.

I'm confused. Everyone on this thread is supposedly so bullish that they are always 100% btc and never sell a single coin, and also that they dont trust any exchanges to hold their coins or fiat. However, then whenever the dip occurs they say they 'bought the dip' and profited tremendously - meaning they would have had to have sold for fiat and been on an exchange first. So which is it?

If you want to talk to me personally to find out that I'm TERA please PM me or do it somewhere else. Doesnt belong here.

Based on the slow ramp up of the beginning of the rally with the strong support at $5500 and the subsequent meteoric rise, I chose a bottom of $5500. Based on previous rallies and crashes, the always goes within 50% of the past ATH - that would put the target at $1800 - which happens to the be the FIRST place there was a strong support during the rally. However, that seems extremely low and unobtainable at this point. Now there are bulls who claim this thing cant go below $12K or whatever again - that sounds equally ridiculous. What is your target?

My $5500 bottom might not be reached for several weeks or months. If I was to put a short term bottom for the current movement going on right now it might be more like $8000 but who knows.


As you can see from this chart, even my target of $5500 seems way too high. And I dont even have 2011 on here.

$5500 is actually incredibly generous. I dont know why you doubt it at all.

$100 is too low. I'm not THAT bearish. I think most likely itll just briefly bottom at $5500

ACtually dips are neccessary in order to curb the volatility. The problem is that bitcoin has gone up TOO much recently without a serious capitulation - 2000% this year after 500% last year - 10,000% in 2 years. That high of a rise is going to warrant a really steep crash. If it hadn't gone up as much and only topped out at say 5,000, then we might only have a crash to say 3000, and it wouldnt be a big deal.

Why is anyone suprised? I made the announcement that there would be a top at 16,000. Therefore it should be completely expected and there should be no discussion here. Just a bunch of blank pages.

Click it or ticket.

Items 1-3 fall under 'supply and demand' and are not 'backing'. Item 4 is invalid and mining hardware in no way supports bitcoin prices. We could remove 99.99% of the miners and the network and price would still be the same. Now if we ever upgrade to a tree-based system instead of a blockchain everyone has to hold, that could be different.

Is that going to work where 4 tickets failed?

Nevermind if I select tech support, it just redirects to the ticket system.