Bitcoin "Freefall"

Sprout said:
Other times, I send to my various DeFi wallets and do stuff on different chains to understand how they work and the state-of-the-art. This includes being an LP, staking, harvesting yield, collecting NFT's, etc. I haven't gotten into lending or borrowing directly.
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I'm just starting to get into this. Do you use Instadapp and or Zapper?
 
virtusa said:
There goes 46K...

Down 23K in 6 weeks.

The poor people in Venezuela using BTC lost 33% in less than 6 weeks. 33% less to buy essential food.
Staying in their national currency would have been better as the loss was there less than 5% in the same period.
Of course BTC can go much higher in futur. Question is if these poor people will still be alive at that time. Or did they die already from hunger?

BTC is clearly "solving" all problems for them. At least they don't lose money because of inflation, as BTC solved that problem.LOL.
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Sorry for people of Venezuela, but if Bitcoin futures breaks Monday's high, automation will hedge open profits from my short positions, am expecting decent size pullback so as to short more.

Trading has become much more like like fishing, never know size of fish but always use heavy line for insurance.

This does get much easier after forty years...gets like boring, even scalping or options.
 
OptionsOptionsOptions said:
  • Good news.
  • BTC just passed the 1-week resistance level, $48,000.
  • $50,000+ this week is very likely.
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You did not have an outlook for BTC going up, I even asked you "why so bearish?"

Now you're turning bullish on BTC? LMAO


OptionsOptionsOptions said:
Not looking good. Based on Yahoo Finance 1-year BTC chart:

  • Support level #1: $43,208.
  • Support level #2: $31,800
  • Support level #3: $23,477

As BTC hits each level then there will be lots of selling pressure to the next level.
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