Is the crypto winter over?

themickey · Mar 16, 2023

schizo said:
Well, that's exactly my point. We broke above that level 5 times during intraday, only to close below it. I would like to see BTC close above that level before committing myself to long.

Also it's worth noting that there's a major resistance between 28,500 and 29,000.

Generally, when bitcoin has a green quarterly month, it runs hard.
2019 had a fail.

^BTCUSD_Barchart_Interactive_Chart_03_17_2023.png

Overnight · Mar 16, 2023

Looks a lot like NDX, don't it? Things that make you go "hmmmmm".

themickey · Mar 17, 2023

Overnight said:
Looks a lot like NDX, don't it? Things that make you go "hmmmmm".

NDX

$NASX_Barchart_Interactive_Chart_03_17_2023.png

As mentioned, technology quite strong atm along with crypto, gold not doing too bad either.

themickey · Mar 17, 2023

johnarb · Mar 17, 2023

schizo said:
I would first like to see the daily chart close above 25K. If that happens, I will flip long when it retests 25,300. Otherwise, I have a resting buy stop at just north of 27K.

Funnymentals are strong, tidal wave of liquidity is going to hit the markets (also in Europe)

I'm adding if btc goes above $27k and stays there for 30 minutes

If my prediction of $30k for btc hits by Sunday night, my next target is $50k within 3 months

schizo · Mar 17, 2023

johnarb said:
Funnymentals are strong, tidal wave of liquidity is going to hit the markets (also in Europe)

I'm adding if btc goes above $27k and stays there for 30 minutes

If my prediction of $30k for btc hits by Sunday night, my next target is $50k within 3 months

View attachment 309229

Well, if that happens, you know I'll be right there with you.

Right now, BTC is trading at 25,740. But if we close the day below 25K again, then I'm gonna go all out short.

schizo · Mar 17, 2023

I notice ETH/BTC is trading much higher. Is this a harbinger of what's to come? If this is the case, we should see 27K tomorrow.

semperfrosty · Mar 17, 2023

themickey said:
My call, btcusd will rise above 25k within 24 hours and not go below again.

Nice one Mick!

semperfrosty · Mar 17, 2023

johnarb said:
I agree with this! And I haven't given up on $30k by Sunday night...

$2T of liquidity will be injected into the banking system as a result of the BTFP per JPM

$30B was the first drops in the bucket deposited to First Republic today

And The Oracle well on target too!

semperfrosty · Mar 17, 2023

schizo said:
I notice ETH/BTC is trading much higher. Is this a harbinger of what's to come? If this is the case, we should see 27K tomorrow.

View attachment 309230

Still on target too Schiz!