This was an epic short squeeze!  |
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It's time to break the $4200 resistance:  This is what happens, when the 4-5-6 times denied resistance point is breached. I had a gut feeling that this will happen yesterday  Who needs ETF! |
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It's time to break the $4200 resistance: |
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Another news is that Craig Wright admits he is fake Satoshi.
P.S. What is OG BTCNTLKer ?
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If we break the resistance range $4100-4200 in the next days, it will be a strong sign that the bulls are in control. Taking back the once strong support at $6000-6400 is inevitable this year.
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w00t, back to 4k! reverse-weee, reverse-weee, reverse-weee eeew eeew eeew Hahaha, Gembitz did not see that coming. eeew  |
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Sorry for the offtopic (I know that this thread is about LTC, bcash, jews, etc.), but I noticed a n00b/shorter/miner whale selling 600-1000-ish BTC's on Bitfinex in the last few days. May be he has more, since several big sells coincided with flashing a couple of 200BTC asks. His actions led to a smaller gap between Bitstamp and Bitfinex from 2.5% to 1.5% for a moment. I honestly admire the stupidity of all such people with thousands, even tens of thousands of Bitcoins that are desparate to sell when they see a couple of $'s increase of the price. I mean, in a low volume day, why selling so much? I don't get it. Unless, he is a shorter and want's to defend his position. It is like trying to stop the flooding with bare hands. These people need a reality check, not a bank check. Thankfully, they tend to lose all their wealth in a matter of days, so God bless the true hodlers!
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... So, I think the most safe thing is to hodl until there is a need or a strong desire to pay for something useful with part of the stash like house, car, college for the kids, etc. And after the purchase, any proper opportunity to recover the stash should be used. If only all people were thinking like that, we could have avoided all these idiotic crashes. ...
in my opinion the most safe thing is to diversify when extreme fomo takes hold, when bitcoin looks historically overvalued, to sell maybe half, and purchase another kind of asset. If you can sell anywhere near the top, with a 70-85% drop coming afterwards, it's really foolish to hold. I've held through 2 big crashes, having bought in early 2013. It's much better to sell high than to sell 'when you want to pay for something'. Keep your portfolio diversified in different assets. There's no guarantee with any investment, including bitcoin. On this next anticipated runup, I hope to follow my own advice better. It sounds like a perfect plan, except a little tiny itsy bitsy detail: Do you know what the top will be with an 100% certainty? Unless you have a time machine, I doubt it. In early 2017 the top was almost certain to be $1000, 3 months later $3000, then ... you know the drill. I got burned by that logic 5 times in 2017. If I was just holding, now after all crashes, I should have had 4 times more bitcoins than I am having now. In reality, if you sell with the hope of 80% gains, you will certainly sell at least 10% below the top, and if you got the luck to nail the momentary dip, you could get like 20-30% tops. And that, if you are extremely lucky! Besides, there is a risk leaving fiat on exchanges and 10-40% taxes if you withdraw to the bank account. So, I prefer to hodl in all the coming crashes. Bring it on, baby! |
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or your hope to buy coins in the sub $3,700s because we might not return there ever again
I am not a short term trader. I am holding BTC from when BTC was 17k. Still holding and will hold long more time if there is no sudden problem happen. I am still collecting more btc. It is not an issue what a price now. I wish it will hike again and will hold till then. I won't sell my BTC before reaching 20k. In few years $20K will look like a small amount so make your goal high and be a real crypto holder than. You are reaching near your Sr.member rank,I will help you for that with the last smerit I have.Hope you will find remaining 3 of those soon. It is so refreshing to see such posts instead of the common shorters FUD like "Oh, no, we are going down, I am selling...". In fact these trolls are gambling with short positions and hope that their posts will influence some newbies that come and read this famous thread for a trading advice. And why should anyone listen to a short term trading advices anyway? Bitcoin for sure is here to stay and with the years its price will grow one way or another. If once some ATH is reached, then it will be revisited again for sure, because first, the inflation rate is really low, and second, on every 4 years there is a halvening. And when Bitcoin hits $20K again, one may try to gamble and sell some assuming that the price will dump temporarily and rebuy lower. I admit that I've been thinking over it, but who knows what the drop will be -10%, 20%, or more? Will it be worth to risk for 10% premium, while one can simply wait more. What if the price doesn't drop but goes much higher and the future drops are near or even above 20K? So, I think the most safe thing is to hodl until there is a need or a strong desire to pay for something useful with part of the stash like house, car, college for the kids, etc. And after the purchase, any proper opportunity to recover the stash should be used. If only all people were thinking like that, we could have avoided all these idiotic crashes. But that's impossible of course. There will always be manipulators, shorters, 1% daily traders, etc. The good news is that the hodlers always prevail and this is what moves the price upward. |
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$6666.66  |
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Is it not a piece of good news for bitcoin investor!!   |
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Do you also expect same move with this pattern? History repeats. Already liquidated some BTC holdings.
Warning: If the number of short positions increases, expect that the number of unknown trolls telling us that they liqudated their BTC holdings, increases too. (Of course, they didn't, they just opened short positions, gambling the price will go down) This is ideal for the true bulls to kick the bears in the balls! Massive short squeeze coming in 3...2...1  |
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https://www.ccn.com/fbitcoin-technical-indicators-show-bullish-trend"According to one technical analyst, for the first time since the bull run in late 2017, a technical indicator called Bollinger Bands is holding above the 30 moving average (MA) level, which often signals a positive upside movement. ... The $4,300 level could be crucial in the near-term because as one cryptocurrency trader explained, there are a relatively large number of short contracts stacked up in the $4,200 to $4,300 range. If bitcoin initiates an optimistic price movement above $4,300, it could trigger a short squeeze and fuel its near-term momentum."
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Breaking $4,000 is so close yet seems so significant. I’m not sure why but $4,000 seems like a psychological barrier to break & stay above.
That first sentence is what I was thinking. The second sentence should not be very surprising in the whole scheme of things. Bearwhales want to hold the BTC price down as low as they can and for as long as they can, and they will choose any BTC price point that works for those objectives. I doubt that there is anything special about $4k, except that it just seems to be working for the moment. We should also realize there are going to continue to be such resistance points at various small levels of random increments on the way up.. while such short term UP is far from guaranteed, yet resistance will continue to occur until the momentum (towards up) reverses, which could take anywhere between a few months and several years... Of course we have this lil dynamic of the BTC halvening in a bit more than a year that is going to cause additional physical (financial) pressures upon those peeps trying to continue to hold this bad boy down.  Wishing them good luck. (NOT) The history always repeats. The whales that thought they control the market in 2015 by pressing the price down to 220$ 6-7 times, in 2017 understood that all this was in vain. Now, the whales that think too high of themselves and dump, in 2 years will realize that all was in vain. ($100K party, cough, cough) |
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^^^
Congrats to all daily flies traders on BFX who took advantage of the pump to $4000 and after buying at $3945 they were selling down to $3860. I may be a professor in math, but I can't calculate how much money they made today! phew! that's a big blow!
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