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goldkingcoiner
Legendary
 Online
Activity: 2044
Merit: 1684
Verified Bitcoin Hodler
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November 26, 2021, 11:13:18 AM
Last edit: November 26, 2021, 11:43:17 AM by goldkingcoiner |
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https://twitter.com/noComply1984/status/1464153062419931136This is it! Edit: The new variant scare is what is driving the dump. Going by the last corona dump, I would say this one will be a short term flash crash also.
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dragonvslinux
Legendary
 Offline
Activity: 1666
Merit: 2204
Crypto Swap Exchange
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November 26, 2021, 11:35:27 AM Merited by JayJuanGee (1) |
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Price currently at the 0.618 fib retracement level from Summer low to new ATH. Don't be surprised to see a "coincidental" bounce from here from "the middle of nowhere".  Currently not ruling out $50K-53K support being tested, nor the 200 Day MA around $46K, that also line up with the 50 Week MA support trend-line, but it's also not necessary. For reference sake, the 0.618 retracement level is considered the "golden buy zone" based on expected retracement level (correction) from bullish rallies. Naturally, closing a Daily candle below this level would likely confirm further downside towards stronger support, but the day is currently far from over... |
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somac.
Legendary
Offline
Activity: 2056
Merit: 1188
Never selling
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November 26, 2021, 11:56:45 AM |
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Price currently at the 0.618 fib retracement level from Summer low to new ATH. Don't be surprised to see a "coincidental" bounce from here from "the middle of nowhere". Currently not ruling out $50K-53K support being tested, nor the 200 Day MA around $46K, that also line up with the 50 Week MA support trend-line, but it's also not necessary. For reference sake, the 0.618 retracement level is considered the "golden buy zone" based on expected retracement level (correction) from bullish rallies. Naturally, closing a Daily candle below this level would likely confirm further downside towards stronger support, but the day is currently far from over... This drop just seems silly to me. Market players should be seeing this for what it is either a big buy because printers are going to go brrr again, or this covid mutation is like the last 10,000 and is meaningless. My thoughts are that the upcoming US trading hours will see things this way. The technical picture you paint seems promising and the on-chain is still good (or was yesterday at least). Though according to link above that I posted there are now 4k coins that have shifted to the exchanges in the last 1 day. |
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 26, 2021, 12:01:35 PM |
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Farmer Bill
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November 26, 2021, 12:05:51 PM |
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Good morning everyone. (afternoon, night depending)
Reaching for coffee and acetaminophen.
Black Friday sale now on. Red Candle Deals all day, must end 4pm UTC.
BillyNoCoiner wait no longer now is your chance.
I've got the huge sum of $390 sitting at the Exchange, might as well buy some MyNeighbourAlice.
Just joking, satoshis for me.
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BitcoinBunny
Legendary
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Activity: 1456
Merit: 2493
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Fuck it.
Bought some more.
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El duderino_
Legendary
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Activity: 2506
Merit: 12036
BTC + Crossfit, living life.
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November 26, 2021, 12:59:53 PM |
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That sell-off..
Meanwhile, coin supply on exchanges are dropping lower.
Going to the gym for a 2-hour workout.
Been there done that for today 2 WoD’s at the crossfit 10-11 WoD Hour between stretching 12.15 -13.15 WoD 2 (cardio one) |
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 26, 2021, 01:01:25 PM |
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Nalien
Member
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Activity: 229
Merit: 10
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November 26, 2021, 01:04:07 PM |
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Good morning everyone. I expect price will drop to $50k then new ATH.
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shahzadafzal
Copper Member
Legendary
Online
Activity: 1526
Merit: 2891
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November 26, 2021, 01:21:12 PM
Last edit: November 26, 2021, 01:33:42 PM by shahzadafzal |
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You can do it bitcoin!  I created this meme dedicated to WO. |
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rdbase
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Activity: 2870
Merit: 1501
Join the world-leading crypto sportsbook NOW!
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Good morning everyone. I expect price will drop to $50k then new ATH.
It will. Today CME Futures expires and it is the end of the month so it always does this. Expect a rise back to where we were by the end of next week. |
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Torque
Legendary
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Activity: 3556
Merit: 5041
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How convenient for the Fed that a new covid variant "suddenly appears" right before the month they talked about tightening?  Money printer will never not go brrr. They just need an excuse for the public. |
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somac.
Legendary
Offline
Activity: 2056
Merit: 1188
Never selling
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November 26, 2021, 01:55:14 PM |
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How convenient for the Fed that a new covid variant "suddenly appears" right before the month they talked about tightening? Money printer will never not go brrr. They just need an excuse for the public. Yep, of the 100 variants over the last few months, they decided to use this one for their media attack dogs. They know they can't taper, infact, they know that they must keep increasing the brrrr. Just needed that excuse to save face. |
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 26, 2021, 02:01:27 PM |
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shahzadafzal
Copper Member
Legendary
Online
Activity: 1526
Merit: 2891
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Torque
Legendary
Offline
Activity: 3556
Merit: 5041
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November 26, 2021, 02:15:00 PM
Last edit: November 26, 2021, 02:28:12 PM by Torque Merited by JayJuanGee (1) |
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How convenient for the Fed that a new covid variant "suddenly appears" right before the month they talked about tightening? Money printer will never not go brrr. They just need an excuse for the public. Yep, of the 100 variants over the last few months, they decided to use this one for their media attack dogs. They know they can't taper, infact, they know that they must keep increasing the brrrr. Just needed that excuse to save face. I think they've already seen the early retail data coming out, and realize that hardly anyone is buying anything anymore, for Christmas or otherwise. They already know that this shopping season is going to be a bloodbath of red. The whole world is deflating, and they know it. So this is all a smokescreen cover for a controlled demolition of the world economy. Mass layoffs, lockdowns, and firings (due to non-compliance with a certain mandate) is not just a byproduct of all this, they are actively seeking a shakeout of tens of millions of people from worldwide employment. They need small businesses to fail and close permanently. They NEED it to maintain big corp profitability and to get more cheap debt fuel from the Fed. A quick look at the falling labor participation rate proves this. Jobs that are permanently lost and never coming back. |
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El duderino_
Legendary
Offline
Activity: 2506
Merit: 12036
BTC + Crossfit, living life.
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El duderino_
Legendary
Offline
Activity: 2506
Merit: 12036
BTC + Crossfit, living life.
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Fuck it.
Bought some more.
Good good…. I’m holding a healthy stash “for what I’m worth” Not buying yet myself, I would buy if there is a max pain or whatever, not hoping for it…. But if it would happen then I’m embracing it and buying …. Though not hoping on it for now   |
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BitcoinBunny
Legendary
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Activity: 1456
Merit: 2493
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You mean to say I shouldn't have invested in Fickle Fuckie Shiba's Brown Arsehole Coin?  |
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