Bitcoin Price Thread

[wxytrader]

That I can understand.

What instrument? What is cheap??

Guessing???

You've been posting charts almost every week and you haven't looked since March

What's with the "IF" don't you know?

So somebody knows where price is going 100%? It's all about statistical probabilities.

And what so now everybody wants to know my trades? Screw that. I handed you all a 10 bagger in December and everybody laughed. I invited you all to a group where we could fine-tune our trades on a single symbol. Nobody was interested. Y'all would have been on the same trade as me probably when I made 16k on GME the other week. You all think you can do it alone which studies have proven is way less effective than collaboration.

And no I haven't been trading Bitcoin at all cuz I knew in March where it was going. It didn't really matter. Once it hits where I expect it's going to bottom I'll start looking for an entry.

 

[wxytrader]

So I'm looking for a retrace up to .382 - .5 (or my calls will exp worthless!) before continuing down to C, which would bring us to the long term trend line with a little sideways action from a triangle. This is with an extended C, versus a running or a flat.

 

[themickey]

Imo, I just want to watch a few more hours today, but it's looking like a breakout off the floor of 60,000.

 

[wxytrader]

So I'm looking for a retrace up to .382 - .5 (or my calls will exp worthless!) before continuing down to C, which would bring us to the long term trend line with a little sideways action from a triangle. This is with an extended C, versus a running or a flat.

View attachment 343140

100 Jul5 24.5 BITO CALLS @ .09 purchased on Thursday.
Ok were on! The last time BTC retraced to this level BITO rose to $25.87...

So tomorrow my position theoretically could be worth $10,783.80...but if you look at recent levels then I will barely break even. I bet price barely moves because of contango or backwardation whatever bs that is. I'll let you know tomorrow. If price has been dropping then future prices are probably cheap, so would this be backwardation in affect here so maybe BITO will pop???

 

[jbusse]

100 Jul5 24.5 BITO CALLS @ .09 purchased on Thursday.
Ok were on! The last time BTC retraced to this level BITO rose to $25.87...


View attachment 343164

So tomorrow my position theoretically could be worth $10,783.80...but if you look at recent levels then I will barely break even. I bet price barely moves because of contango or backwardation whatever bs that is. I'll let you know tomorrow. If price has been dropping then future prices are probably cheap, so would this be backwardation in affect here so maybe BITO will pop???

View attachment 343165

BITO often pays hefty dividends. The current bitcoin price will take BITO to approximately $22 from its ex-dividend price of $21.01 (Friday's close of $22.51 minus $1.50 dividend).

 

[wxytrader]

BITO often pays hefty dividends. The current bitcoin price will take BITO to approximately $22 from its ex-dividend price of $21.01 (Friday's close of $22.51 minus $1.50 dividend).

That's would be a load of garbage. How can it close at 22.55 and only open at $22 after bitcoin pops 4%?

 

[jbusse]

That's would be a load of garbage. How can it close at 22.55 and only open at $22 after bitcoin pops 4%?

Because everyone who held it at the close on Friday was given $1.50 per share.

 

[wxytrader]

BITO often pays hefty dividends. The current bitcoin price will take BITO to approximately $22 from its ex-dividend price of $21.01 (Friday's close of $22.51 minus $1.50 dividend).

BITO's next quarterly payment date is on Jun 10, 2024, when BITO shareholders who owned BITO shares before Jun 03, 2024 received a dividend payment of $1.77 per share. BITO's previous ex-dividend date was on Jun 03, 2024.

The ex-dividend price on Jun 03 was $26.16
So how are you getting down to 22 with a 4% increase in bitcoin? That would mean we'd be at 18 tomorrow if bitcoin didn't pop.

 

[johnarb]

$1,2M/bitcoin within 18 months

 

[wxytrader]

$1,2M/bitcoin within 18 months

Yeah the cup and handle. I've been posting for freaking months. Does anybody just give credit where credit is due ever???

Nobody and I mean nobody is ahead of me when it comes to projecting the price of Bitcoin.