Zeunerts
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March 21, 2024, 08:44:04 AM |
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Quite impressive to have a huge green candle yesterday. The ETF inflows is close to zero and the outflows (GBTC) is high. Shows the stupidity of people I guess, when prices were soaring, people were buying ETFs like crazy. Now, a week later when BTC is cheaper, they are nowhere to be seen.. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FJjsWm4H%2Ffars.png&t=665&c=fiR2P3Ldq3S0NQ) ETFs inflow (besides GBTC) is $125MM in one day or about BTC1.900 in a single day, how is that close to zero!? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) must i remind you that in less than a month it'd take over 4 days for global hashpower to mine that much? There are two options, either someone is now moving from GBTC into real BTC, or we have new player outside of ETFs scooping up the corn, either way, this will too shall pass Bad choice of word I guess. Close to zero compared to the volume in the weeks prior. Yeah, I am well aware of the coming halving and I know this will pass sooner than we think. Still nice to see yesterdays green dildo. Interesting times ahead for sure.
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ChartBuddy
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March 21, 2024, 09:01:15 AM |
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ChartBuddy
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March 21, 2024, 10:01:15 AM |
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ChartBuddy
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March 21, 2024, 11:01:19 AM |
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ChartBuddy
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March 21, 2024, 12:03:25 PM |
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xhomerx10
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March 21, 2024, 12:05:34 PM Last edit: March 21, 2024, 06:30:23 PM by xhomerx10 |
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~snipI cant respond to my DMs as I can only message twice a day due to my account status. I’ve already renewed your main account and just need to know what content you want on the second account that you purchased.
So xhomerx10 or BitcoinBunny purchased their account from you? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) I have no idea what he is talking about. Probably the only forum I've ever visited I don't understand certain posts whatsoever. Yeah I personally feel he was trying to fuck with wo heads. Both you and xhomerx10 have posted here on the wo longer than me. I guess he will target me or JJG or the dude next. No no no. I've purchased IPTV subs from t3nzo and didn't give him an email address. Since he's a newbie, his PMs are rate-limited which I had forgotten. The guy deserves an "A" for effort to get in touch with me ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) He's a stand-up guy who deserves a merit so he can get to junior status so we don't have to resort to alarming people in the WO rather than keeping to the PMs. Ok. I sent an smerit based on your recommendation... and now the message is making sense and that there can be some difficulties getting ahold of some other members if DMs are not an option. Thank you Mr. JJG! Much appreciated. edit: I didn't look back at the original message before posting. Thanks hisslyness and dragonvslinux as well! You guys are awesome ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) edit2: Also, thank you to criptoevangelista and vapourminer. We have a great group of ppl in the WO!
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philipma1957
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March 21, 2024, 12:32:28 PM |
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~snipI cant respond to my DMs as I can only message twice a day due to my account status. I’ve already renewed your main account and just need to know what content you want on the second account that you purchased.
So xhomerx10 or BitcoinBunny purchased their account from you? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) I have no idea what he is talking about. Probably the only forum I've ever visited I don't understand certain posts whatsoever. Yeah I personally feel he was trying to fuck with wo heads. Both you and xhomerx10 have posted here on the wo longer than me. I guess he will target me or JJG or the dude next. No no no. I've purchased IPTV subs from t3nzo and didn't give him an email address. Since he's a newbie, his PMs are rate-limited which I had forgotten. The guy deserves an "A" for effort to get in touch with me ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) He's a stand-up guy who deserves a merit so he can get to junior status so we don't have to resort to alarming people in the WO rather than keeping to the PMs. Ok. I sent an smerit based on your recommendation... and now the message is making sense and that there can be some difficulties getting ahold of some other members if DMs are not an option. Thank you Mr. JJG! Much appreciated. edit: I didn't look back at the original message before posting. Thanks hisslyness and dragonvslinux as well! You guys are awesome ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I gave him 11 merits and will go back and delete my posts.
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xhomerx10
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March 21, 2024, 12:35:17 PM |
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~snipI cant respond to my DMs as I can only message twice a day due to my account status. I’ve already renewed your main account and just need to know what content you want on the second account that you purchased.
So xhomerx10 or BitcoinBunny purchased their account from you? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) I have no idea what he is talking about. Probably the only forum I've ever visited I don't understand certain posts whatsoever. Yeah I personally feel he was trying to fuck with wo heads. Both you and xhomerx10 have posted here on the wo longer than me. I guess he will target me or JJG or the dude next. No no no. I've purchased IPTV subs from t3nzo and didn't give him an email address. Since he's a newbie, his PMs are rate-limited which I had forgotten. The guy deserves an "A" for effort to get in touch with me ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) He's a stand-up guy who deserves a merit so he can get to junior status so we don't have to resort to alarming people in the WO rather than keeping to the PMs. Ok. I sent an smerit based on your recommendation... and now the message is making sense and that there can be some difficulties getting ahold of some other members if DMs are not an option. Thank you Mr. JJG! Much appreciated. edit: I didn't look back at the original message before posting. Thanks hisslyness and dragonvslinux as well! You guys are awesome ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I gave him 11 merits and will go back and delete my posts. Thanks philipma1957. I can understand how the post would cause some concern though!
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ChartBuddy
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March 21, 2024, 01:03:26 PM |
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criptoevangelista
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March 21, 2024, 01:26:23 PM |
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It makes sense. This latest price drop involves a lot of manipulation to transfer bitcoins from the hands of sardines to the hands of whales... Are there months of waiting to sell at 60k? It doesn't make sense... it's like being a virgin, saving money for months, hiring a luxury prostitute and ejaculating in 30 seconds. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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dragonvslinux
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March 21, 2024, 01:37:43 PM |
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Quite impressive to have a huge green candle yesterday. The ETF inflows is close to zero and the outflows (GBTC) is high. Shows the stupidity of people I guess, when prices were soaring, people were buying ETFs like crazy. Now, a week later when BTC is cheaper, they are nowhere to be seen.. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FJjsWm4H%2Ffars.png&t=665&c=fiR2P3Ldq3S0NQ) Wasn't expecting that, would of thought inflows were positive based on the buying pressure. 3.8K Bitcoin is a fair amount of corn to scoop up from ETFs. Reclaiming $69K will likely bring back the ETF volume imo though, this would help to nullify the fake-out ATH scenario with a bullish weekly wick. Either that or $68K get's confirmed as a resistance level for the time being. This is otherwise the first real test of short-term resistance since $40K levels based on cloud, MAs and volume, so I can understand with the hesitancy from ETF investors on this one, given they quite clearly aren't in the market to buy dips.
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UnDerDoG81
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March 21, 2024, 01:48:52 PM |
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Anyone else thinks this is a fake relief rally? I’m About to make the decision I talked here before to sell 10% of my Bitcoin at certain stages. 69k was the first stage to sell 1%. But I’m ok with 67k right now. I have the feeling we will dump further and stabilize until few months after halving. Would be nice to have some powder to buy back deeper. As I am 100% into bitcoin and have nothing else on the side lol
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ChartBuddy
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March 21, 2024, 02:01:23 PM |
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BitcoinBunny
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March 21, 2024, 02:08:36 PM Last edit: March 21, 2024, 02:28:10 PM by BitcoinBunny |
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Anyone else thinks this is a fake relief rally? I’m About to make the decision I talked here before to sell 10% of my Bitcoin at certain stages. 69k was the first stage to sell 1%. But I’m ok with 67k right now. I have the feeling we will dump further and stabilize until few months after halving. Would be nice to have some powder to buy back deeper. As I am 100% into bitcoin and have nothing else on the side lol
Who knows... The ETFs in and out flows appear to be controlling the price quite a bit at the moment from what I can see. We are dipping again, now that GBTC has sold another 3000 BTC via Coinbase. I am totally not obsessed with GrayScale, regardless of what some people may think. I've even explained in one post that I think it's just another single hump in the road like SO MANY distractions we are constantly faced with, when speculating about the price and the reason for its movements. But absolutely, I think when GrayScale outflow stops (which will happen soon) and the halving has happened, I think the sky is the limit to BTC's price in fiat currencies. We will definitely see a 100K+ BTC in 2024 and latest in 2025 I would have thought. The time frame will always be the uncertainty. Now that self custody is no longer a concern for perhaps many potential BTC buyers in the future, who may have been apprehensive in the past, certainly for institutions, with the multiple ETFs existing, I wouldn't be too sure about revisiting sub 50K BTC prices ever again. The Fed talked about 3 rate cuts + political changes with the US / UK elections in the autumn could bring more bullish price action, or not. etc.
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LFC_Bitcoin
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March 21, 2024, 02:40:09 PM |
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Full send 🚀 Jelle@CryptoJelleNL In the past 9 years, BTC has generated the bulk of its returns in overbought conditions. A high RSI isn't bearish. In fact, it's bullish. Send it higher. https://x.com/cryptojellenl/status/1770811907210895785
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ChartBuddy
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March 21, 2024, 03:01:23 PM |
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aesma
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March 21, 2024, 03:08:10 PM |
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Quite impressive to have a huge green candle yesterday. The ETF inflows is close to zero and the outflows (GBTC) is high. Shows the stupidity of people I guess, when prices were soaring, people were buying ETFs like crazy. Now, a week later when BTC is cheaper, they are nowhere to be seen.. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FJjsWm4H%2Ffars.png&t=665&c=fiR2P3Ldq3S0NQ) FOMO I spent all my money already, but at half these prices :p
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OutOfMemory
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March 21, 2024, 03:24:32 PM |
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The ETFs in and out flows appear to be controlling the price quite a bit at the moment from what I can see. We are dipping again, now that GBTC has sold another 3000 BTC via Coinbase.
The rest of the ETFs would be pleased to wait until Sellbert drops his coins for them to buy at a cheaper price. IF ETFs are dominating the price right now, regardless the outflow of GS, the volume would be sucked up to about re-establish the pre-GBTC-sell price shortly later on. I am thinking in ETF net flow, makes more sense, imo.
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dragonvslinux
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March 21, 2024, 03:57:49 PM |
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Anyone else thinks this is a fake relief rally? I’m About to make the decision I talked here before to sell 10% of my Bitcoin at certain stages. 69k was the first stage to sell 1%. But I’m ok with 67k right now. I have the feeling we will dump further and stabilize until few months after halving. Would be nice to have some powder to buy back deeper. As I am 100% into bitcoin and have nothing else on the side lol
Yes, but you can take my opinion with a dose of salt as I've been sceptical about this rally since $48K ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) According to Pi Cycle Top, as discussed elsewhere, $70K is either the mid-cycle top (like in 2019, 2016 and 2012), prior to a correction and consolidation, or this is the late-stage top, ie start of full blown bull market, like in 2020, 2017 and 2013. Based on time, I see this as a mid-stage not a late-stage top, especially given this indicator has "factored in" a new ATH being at this mid-stage top, and has previously been the most accurate at identifying these types of tops. This would otherwise be the first time there has been no "mid-stage correction" in Bitcoin's history, so while possible, the argument is that "this time it's different" - which is a fair argument given the introduction of ETFs and new ATH already. But only time will tell whether this is actually true or not, with the recent break of ATH not being enough to justify that speculative opinion as of yet. More than anything I think ETFs are following the price, not leading it. There has been net inflows on the way up and net outflows on the way down generally speaking, even if they are helping to drive the price in both directions. All it will take is for GBTC to offload the rest of their coins, which may only take a couple of months from here, but until then and seeing net outflows, there remains selling pressure. Based on price alone, either $69K breaks to the upside and price rallies further, or otherwise $60K breaks to the downside, leaving a pretty sizeable volume gap down to $52K at best, but more realistically $42K to $44K (which would still be a macro higher low). Also within a couple of months the 50 Week MA will be around these prices too, so bullish continuation could start from there quite easily. Based on 200 WMA projection, it should be around $37K by August (that was also a consolidation level) and would be a full -50% haircut, which is about as low as I see price going for now, if the correction lasted 4 months. I'm otherwise overlooking the shorter-term TA on 4hr, as while price is currently confirming resistance around $68K (bearish trending 50 MA and ichimoku cloud at volume point of control), this could all still be broken with ease after another re-test of the 200 MA that previously supported the price perfectly (as expected in strong uptrends) and is currently around $62K. Too early to tell comes to mind here.
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