Is the crypto winter over?

I'm talking about crypto perpetual futures trading. There is 0 bitcoins involved on this

Only crypto assets involved in the trading are stablecoins used for collateral and profits (if any)

All my bitcoins and crypto assets are in local wallets, or on defi platforms for yields
 
Obviously, 20,000 will act as an important psychological support level and the bulls will do their best to prop BTC above that price. And as you can see on the daily chart, it also lines up perfectly with the previous level back in November. My feeling is that we will retest that level come tomorrow. Zooming down to the 30 minute chart, price looks pretty weak, but it could possibly break out above the resistance and head up to 21,050 before heading back down to 20,000. Of course, all speculation. :)

5-Minute
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30 minute
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Daily
upload_2023-1-18_21-45-24.png
 
johnarb said:
Currently, 10 consecutive green candles on TradingView
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I'm impressed. It doesn't seem to wanna back down.

It's coming down a bit here, so let's see how it closes. I think tomorrow will be a make or break day. Either it breaks out above 21600 or break down below 20000.
 
This thing chops too much :vomit:. Great if you day trade, but not sure about swing trading, unless you're able to time it to the T. For the time being, it's flirting with the trendline. If it dips below that TL, I reckon the next target would be 20600 or thereabout.

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schizo said:
Genesis' Crypto Lending Businesses Files for Bankruptcy Protection
https://www.coindesk.com/business/2023/01/20/genesis-global-files-for-bankruptcy-protection/

Down at the bottom of the article, it states:
"There are market fears that the repercussions of the Genesis bankruptcy could somehow lead to the liquidation of GBTC's holdings of 600,000+ bitcoin."

Gotta see how BTC plays out tomorrow, but that ain't sounding very good for the market.
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Genesis filed for bankruptcy, not DCG nor GBTC

This is very positive news

I have a swing-trade position and will be trading intraday position tomorrow morning

GBTC holdings belong to the closed end fund, read up on it, those bitcoins cannot be sold, but the shareholders are tired of the management, they want to take over, ARK owns millions of GBTC shares

I thought you don't care for fundamentals? :)

Bitcoin trades 24/7/365, can you find on the chart when that news came out? lol, [hint, it came out 3-4 hours ago]

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Just woke up, looking at the chart, I think a good entry for intraday-trade is below $21,100. I'll put an order for $21,088

The past 3 hours has more green candles than red and also more volume

EDIT: Updated the order price for intraday-trade to $21,188 chasing higher price

EDIT: My weakness in trading, updated the order for intraday-trade to $21,277 fomo trade, got filled

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