Bitcoin "Freefall"

[Sprout]

Love it.

Props for staying engaged and asking questions. Next step, take some fun money and learn by doing. The fact that johnarb is transparent and willing to share is a gift and truly something to be appreciated.

There are many whom got rekted or in the process of getting rekted in crypto.

Currently there is an exploit in Opensea’s contract. Lot’s of drama.

However, the gains in a deeper understanding of the tech, the possibilities and financial reward make for a great R:R profile.

 

[virtusa]

BTC is a safe heaven (like gold?) in case of war, economical crisis or any other problem.
This is how BTC reacted on the invasion of Russia in Ukraine.

 

[nooby_mcnoob]

current price (47K) -> 53K -> 30K -> 45K -> 20K assuming there is no macro change.

macro has changed, right around key technical area. Bullish now.

 

[nooby_mcnoob]

macro has changed, right around key technical area. Bullish now.

PS: it's gotta hit 55K in very short order

 

[Overnight]

PS: it's gotta hit 55K in very short order

That would assume that SP is going to rise as well, to great heights. Bold call. 55K in a year, not in a month. The Fed is breathing down all of our necks, man. Watch for the first signs of the pain on Wednesday.

 

[nooby_mcnoob]

That would assume that SP is going to rise as well, to great heights. Bold call. 55K in a year, not in a month. The Fed is breathing down all of our necks, man. Watch for the first signs of the pain on Wednesday.

War means more money printing, no interest rate hike man. Don't you get it, they will never hike interest rates again.

 

[Overnight]

War means more money printing, no interest rate hike man. Don't you get it, they will never hike interest rates again.

As I have said many times before, the Fed no longer cares about the market, since they can no longer trade it. They do not give a shit about it.

We'll be lucky to end this calendar year flat on the SP, or at the very least, it's current level which is down about 10%. And that's saying something about the resilience of the market. I ain't so sure. This is 2018 on anti-steroids.

 

[nooby_mcnoob]

PS: it's gotta hit 55K in very short order

It failed to do it rejected an important moving average. In hindsight I generally don't reverse my bias until I get punched in the face but in this case I'm not actually trading it so it's hard to get punched in the face. Looks like it's filling out a bear flag now. So original call remains. I thought the macro change would have been enough but will see. 55k would be bullish imo.

 

[Buy1Sell2]

Attention passengers----we have begun our descent from 37,000 to 6,000. Please place your trays and asses in the upright position.

 

[johnarb]

Attention passengers----we have begun our descent from 37,000 to 6,000. Please place your trays and asses in the upright position.

I was looking forward to buying more btc's at $6,000 each. Sir,you told us we're on the way? wtf happened?