Is the crypto winter over?

johnarb said:
Btc perp futrues position was liquidated... I plan to play the non-btc crypto assets, that way there's no liquidation worries

Pepe is looking good for adding to the position and I have a few other ones that could bounce hard when bitcoin starts to go back up

I'll increase positions on some non-btc crypto assets
More...
I suggest you wait on your buying 'cause I really think we will be going back down to 25K. We do have 26.5K along the way, but it ain't what I consider a major support and I think it'll break down rather quickly. Unless there's an abrupt turnaround, here's what I see going forward.

Weekly
upload_2023-4-21_16-49-37.png



Another possibility could be the Cup & Handle pattern. But then, that's only if we ever get back up again.

upload_2023-4-21_17-4-8.png
 
schizo said:
I suggest you wait on your buying 'cause I really think we will be going back down to 25K. We do have 26.5K along the way, but it ain't what I consider a major support and I think it'll break down rather quickly. Unless there's an abrupt turnaround, here's what I see going forward.
More...

Thanks! Too late, though, I've already added to my Pepe position and also to MPX position

I hope you're already short at least one of us will be making profits on the decline :)
 
He should have done what I do. Wait until the bears do the 'Bitcoin is going to zero!' thing. Then double-down on the asset at that point. ;)

"I buy meme tokens all the time- nothing happens!"

That's the new breed of the oldschool penny-stock investor/trader right there... Though I prefer to use the proper term 'degenerate gambler', but I can't use that term anymore, it's offensive and someone will get butt-hurt in our PC society.

Everyone gets a trophy now adays...
 
johnarb said:
Back above $28k

View attachment 312935
More...
I made a blooper today. Misread 28,000 for 28,800 and took a short just below 28K. What an idiot. :rolleyes:

Here's what I think will happen. We go up to roughly 29K (or 28,800 to be more precise) then roll over and go down to 25K. After that, I'm pretty damn sure we rally. But then again, everything remains to be seen.
 
schizo said:
I made a blooper today. Misread 28,000 for 28,800 and took a short just below 28K. What an idiot. :rolleyes:

Here's what I think will happen. We go up to roughly 29K (or 28,800 to be more precise) then roll over and go down to 25K. After that, I'm pretty damn sure we rally. But then again, everything remains to be seen.
More...

ok, sounds like your technical map is very detailed. Good luck
 
You must log in or register to reply here.
Back
Top