ssmc2
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April 07, 2019, 03:45:16 PM |
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Bitcoin (BTC) Likely To Experience Maximum Pain Before QE4 Bitcoin (BTC) and other cryptocurrencies are still highly speculative assets. It would be unreasonable to compare Bitcoin (BTC) to digital gold at this point when it has a market cap of less than $100 billion and has been seen massive pumps and dumps. The weekly chart for BTC/USD shows that Bitcoin (BTC) is heavily overbought and is due for a sharp decline if it closes the week below the 50 week exponential moving average. Bitcoin (BTC) also has a strong correlation with the S&P (500) as we have noted many a time in some of our analyses. The last time the S&P 500 (SPX) started to decline was in September, 2018. If we look at the BTC/USD chart around that time, it was also preparing for a decline. When the S&P 500 (SPX) crashed after that, so did BTC/USD until the price declined to its 200 Week EMA and closed above it. https://cryptodaily.co.uk/2019/04/bitcoin-likely-to-experience-maximum-pain-before-qe4Until the end of the year, up and down. Some see it this way. Thing is I dont see the S&P having another dip like the one in 2018. It's going up along with the Dow.
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plasticAiredale
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April 07, 2019, 03:52:02 PM |
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It sure feels like we're gaining ground at settling over $5,000 for the longterm.
Bitcoin is not ready to say goodbye to sub 5000. We will most likely even see sub 4000 in the summer. After that $5000+ Bitcoin will be sure things. Wishful thinking. Your bags are clearly not full yet so you'd like to see sub $5k prices. Not gonna happen. Feels very much the same as trolls predicting $1700-2500 bottom few months (weeks?) ago. Where are they now? Oh they are around. Head on over to the /r/bitcoinmarkets/ daily thread. It's 'bear this', 'not enough pain that', over there.
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El duderino_
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BTC + Crossfit, living life.
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April 07, 2019, 03:59:52 PM |
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Does your girl even bitcoin tho’ just back home, gonna relax a bit, BUT man i'm instant regret of not having a Smerit for this one.... And yes my GF does BTC too
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El duderino_
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BTC + Crossfit, living life.
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April 07, 2019, 04:02:28 PM |
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JSRAW
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Up to 300% + 200 FS deposit bonuses
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April 07, 2019, 04:10:29 PM |
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Will have.....
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DeathAngel
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#1 VIP Crypto Casino
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April 07, 2019, 04:13:25 PM |
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Does your girl even bitcoin tho’ just back home, gonna relax a bit, BUT man i'm instant regret of not having a Smerit for this one.... And yes my GF does BTC too You both have hot gf’s. I’d hit both....Sorry Are you both handsome or are those girls chasing the corn?
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serveria.com
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Privacy Servers. Since 2009.
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April 07, 2019, 04:20:51 PM |
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Exactly, as I predicted earlier $6-6.5 in Summer, $10-15k Fall and new ATH in December 2019.
I don't expect a new high until well into 2021 myself. And when it does hit it's going to be pretty electrifying. Regaining $1000 was the culmination of a seemingly endless slog. It was more relief than euphoria. Next time around there'll be more appetite and more expectation. Totally agree, going to see tons of people dumping their coins around $10k+ in fear of another crash down. Won't change a crap... let them dump, everything will be absorbed by the market instantly...
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Searing
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Clueless!
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April 07, 2019, 04:26:48 PM |
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jojo69
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diamond-handed zealot
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April 07, 2019, 04:37:22 PM |
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You know, I often wonder why 95% of exchange trades are like 0.05 or 0.001 BTC. The answer is - there are thousands of n00bs (probably can't even calculate percentages and addicted to drugs) who believe that by trading such pathetic amounts, they will become millionaires. I got flash news for you - Not gonna happen! If you are lucky, you may get 10% in a year, so congrats with your 0.0001 BTC profit. Go buy an island with that. nah it's bots
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Raja_MBZ
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April 07, 2019, 04:41:27 PM |
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ivomm
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All good things to those who wait
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April 07, 2019, 04:42:23 PM Merited by JayJuanGee (1) |
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The number of short positions as well as the volume has increased in the last days. Their thinking is that whatever caused the short squeeze the other day, it won't repeat now. Their only hope is the wall at Bitstamp. It may be put by a shorter or not. It doesn't matter. Bitstamp has a lot more volume recently, so it can be eaten in minutes. This will cause another short squeeze even more painful than the previous! Especially, since there is not a historically recognized resistance line until 5.8-6K(which also is dubious if it can be a resistance at all). I think the next solid resistance is somewhere about 7K$.
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ivomm
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All good things to those who wait
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April 07, 2019, 04:45:26 PM |
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You know, I often wonder why 95% of exchange trades are like 0.05 or 0.001 BTC. The answer is - there are thousands of n00bs (probably can't even calculate percentages and addicted to drugs) who believe that by trading such pathetic amounts, they will become millionaires. I got flash news for you - Not gonna happen! If you are lucky, you may get 10% in a year, so congrats with your 0.0001 BTC profit. Go buy an island with that. nah it's bots Even if they are bots, the sums of the simultaneous trades is way below 0.1 BTC, which means their owners are really poor. The volume is made by a 5% of trades which are above 1 BTC.
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cryptjh
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April 07, 2019, 05:17:21 PM |
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According to Peter Brandt @PeterLBrandt, a well know trader with 265k followers on twitter, Bitcoins are about to be ready for a new parabolic phase. Either from Dec '18 low or from retest of same (circa analog dbl bottom in 2015) it would not surprise me if $BTC enters a new parabolic phase. $btcusdhttps://twitter.com/PeterLBrandt/status/1114150288007421952
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jojo69
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diamond-handed zealot
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April 07, 2019, 05:21:08 PM |
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Work is a lot less stressful when you know you don't need it to pay for the next months (or years) bills and fully own the house you are living in.
word!
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jojo69
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diamond-handed zealot
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... I accidentally deleted my whole response...
there is a god
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Toxic2040
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April 07, 2019, 05:23:35 PM |
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gentlemand
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Welt Am Draht
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April 07, 2019, 05:28:00 PM Merited by JayJuanGee (1) |
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Totally agree, going to see tons of people dumping their coins around $10k+ in fear of another crash down.
They said the same about the return to $1000. Had you done that you would've been sad. It's just the same as back then in that if you're still here by now you're not going to get rid when the first proper green shoots arrive. If you arrived after the bottom why get rid when it's just warming up? All the same I reckon 10 grand will be a bigger barrier than 20.
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jojo69
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diamond-handed zealot
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April 07, 2019, 05:36:36 PM |
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ssmc2
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April 07, 2019, 05:40:30 PM |
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