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Yes I said lower 30's is the target if a double abc correction...which in recent history bitcoin has always done a double correction. The real point here is this was pulling back by a predictable amount based on past stats. Charts are not random...anyone who tells you that is a fool.

So there we have it...just like I called it. Anyway I'm looking for 38k in an ABC by Dec18 so I'll have a look at BITO in the morning and see about buying some otm puts. DEC15 18 strike puts were trading @ .04 at market close on Friday, BITO closed at 22.09. ATM DEC15 22 strike puts were...

No idea but I don't see Spiegel bringing this back to ath's... probably rather just chill on his yacht. Is he really going to risk his lifestyle being stubborn about selling? They have some acquisitions that didn't pan out and the failed pixie. I think it would be a good time to sell...

Yeah they usually mark the price up a bit to avoid giving it away at a bargain and get it past the shareholders...to me this is buyout territory now...just like us they don't want to sell at the bottom :)

This could have potential for a buyout or even a hostile takeover. What is the typical premium paid for tech buyouts so I can buy some leaps? Current market cap: 24.84B. If it's 20% then were looking at around 30B or about $18.29 share price. Linkdin went for $26.2B and I don't know anybody who...

Where did I say they were trying to bring the price down? They too are just pawns to the charts determinism.. The drop in price was already determined long before the news broke...probably a year at least ew was calling for possible 16k on a double correction when it was trading in the 30s or...

You are so missing the point of determinism...if hedge funds pay to promote a story then that is part of the determinism...if the chart is at an extension point then the news will look to facilitate the price movement. This is why you here about quant funds completly ignoring news, er, and...

You guys need to understand determinism of the charts and align yourself with it. The chart can only do what it does...regardless of external factors, therefore the external factors must align with the chart.

You have it backwards...the charts are the catalyst for the news...the extension must be realized so the news will align with the necessary extension. I never understood that statement popular with trading communities. The past performance is your road map...it is ALL that matters because it is...

? Like the last time it reached these levels on the way to ath's and it did exactly that? This is all just statistically based...it is essentially what the Renaissance fund used. EW just saves yourself the trouble of looking for patterns in history...I didn't need to find this pattern to confirm...

First chart is Elliott Wave which has been forecasting this move since last year. Second chart is a simple measured move with rsi divergence...I don't put too much weight on rsi divergence alone as it can continue to diverge for another leg up, but with the measured move, and the 3 and 5 wave...

He has a valid point that it is more of a short now than it has been since March...that would have been foolish...but it is more of a pullback play. You may get one last crack at this under 40k and then its off to the races.

Hey D I need your expertise. On low liquidity short vertical with a large spread, can the bid/ask get skewed so much that if you are forced to close the position early due to it being ITM to avoid assignment, that you could pay more than the defined risk set out at the opening? 10 calls @ .71...

That's like saying one day the sun will burnout...yeah sure but until then are you going to sit there and spite it? Bitcoin is well on the way to replacing gold as the defacto store of value among backing and being the currency for multiple countries.

Hey if I'm looking at selling a call on BITO with .50/.90 spread. The max loss is $725 with a max gain of $1775. BUT if it ends up ITM even .01 and I am forced to close the position, is there added risk because of the huge spread and low liquidity? I mean technically could I be faced with a...

Well of course its going to pull back at some point....why not play both directions? My 2008 Lambo certainly has some intrinsic value so how do you explain that?

Early lol. The art was predicting this since about July 2022...that's when I bought my Jan19 24 BTTC.B $5 calls for .50...it was trading at around $2.50 or $3 around that time. Price action, support resistance levels, Vols, order blocks and all the other voodoo out there would not have helped...

Is this where I say I told you so? :)

They fall under the same category of YouTuber traders who are selling systems... If the system worked they wouldn't need to sell it. If an analyst is right the majority of the time, he wouldn't need to have a job as an analyst.