Is the crypto winter over?

NoahA said:
Exactly right. Red Duke is waiting for sub $10k, and he may never get it. But at the same time, buying at $27k sucks as well when we had months of buying opportunity at 16k or 17k.

I did see a good post from Sledon Evans of all people (he was all in on Luna so not exactly a pro... LOL), but he mentioned how this run up is perhaps not strong hands or something like this. He said Bitcoin needs a steady rise, but the comment that really caught my eye was that if economy is getting bad, who will have the money to push prices higher. After March 2020, we of course saw huge government cheques providing cash, but this time around, we will not get the free money. Sure, the banks get bailouts, but no free cash for regular people.

Plus, if a crisis does really come about over the next few weeks, the lack of liquidity will more than likely cause a panic sell. I'm sure many of us are waiting to buy, but shit, if there is a good chance its at least going to 15k, then waiting is of course better. We can't rule out a run to 30k, then 40k, and never a drop below 20k again, but maybe waiting a bit now make sense.
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Maybe adjust your averaging rate to reflect.

I wouldn't cease averaging in as this doesn't protect against the upside.

To sort of merge your idea with Schiz's-Your regular buy would be less when the market was over extended in the bull (Schiz would profit on the short move)and more when the price reached back into a lower buy zone that you identify as a discount.

Just thinking out loud.
 
NoahA said:
This is incredible. Who is this guy? I got interested after seeing his post from Jan 31, 2020 and how he essentially predicted everything about COVID and the government reactions. Jesus, it was spot on.

And I do think it's possible. We have the fuel now from the banking crisis. Imagine some companies coming in to put Bitcoin on their balance sheet. Exchanges will be scrambling to meet cold wallet withdrawals and even they might be shown to be keeping price down.

Think about it everyone. If I buy 0.1 Bitcoin, it essentially doesn't do anything to the price because the exchange has it in their inventory. But if all of a sudden their inventory starts running low and they need to source more Bitcoin but nobody wants to sell it to them because the miners are holding theirs what will this actually do to price?

The market cap is actually very low and imagine if the numbers that are being thrown around with this banking crisis like 10 or 20 billion just to prop up one bank is a number that Bitcoin is asked to absorb.

What if instead of a company purchasing treasuries because they don't want to be in cash decides to put a few billion into Bitcoin. I do see a path for a $1 million dollar Bitcoin to be honest. If the rally is gradual it gives too much time for people to get in so it will almost have to be quick in order to leave most people blindsided and hence add the fuel.

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Dont get me so excited Noah!! hahaha:D:thumbsup::thumbsup:
 
Even thoug there's a few hours left, I do not think bitcoin will hit $30k... Still it's been a good week, cashed out $20k profits a few days ago and still on a profitable position currently

It's a bull market so I follow the lesson from Ed Lefevre... I sit

I'll add to the position if bitcoin hits $33k

Good luck to all traders of crypto assets and derivatives and to the hodlers, enjoy the bull market


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johnarb said:
Even thoug there's a few hours left, I do not think bitcoin will hit $30k... Still it's been a good week, cashed out $20k profits a few days ago and still on a profitable position currently

It's a bull market so I follow the lesson from Ed Lefevre... I sit

I'll add to the position if bitcoin hits $33k

Good luck to all traders of crypto assets and derivatives and to hodlers, enjoy the bull market


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Powell is going to eat your brain on Wednesday at 2:30PM EDT. AHAHHA! NOBODY CAN ESCAPE IT! Not even the mighty crypto space!
 
johnarb said:
It's a bull market so I follow the lesson from Ed Lefevre... I sit

I'll add to the position if bitcoin hits $33k
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Almost midnight... closed the position. I am sitting on a nice gain on the crypto portfolio, and that is always for sitting long term

This short term casino, is for short term. Had a nice gain from early in the week, and this is additional to end a good week

This is only the start of the bull market, no hurries to try being too greedy on short term trades

I've already roundtripped a few trades a couple of weeks ago, no need to keep repeating the same mistakes


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johnarb said:
Almost midnight... closed the position. I am sitting on a nice gain on the crypto portfolio, and that is always for sitting long term

This short term casino, is for short term. Had a nice gain from early in the week, and this is additional to end a good week

This is only the start of the bull market, no hurries to try being too greedy on short term trades

I've already roundtripped a few trades a couple of weeks ago, no need to keep repeating the same mistakes

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I promise to let you guys know in a good timely fashion the opportunity to exit bitcoin. There'll be two/three exits, (1) A short term exit where the probabilities are of it failing (this could be in several weeks time, depending and.... (2) confirmation on (1) and..... (3) another exit which will come later which will be of a more serious nature, a kind of shit hits the fan exit, a GTFO now exit. This may be measured in months away.
Basically I can't call a top target level, I can call when it's time to cash out as time draws more near.
It operates on probabilities, imo high probabilities, however both entries and exits can have failures.
Daily system.
I'm not an investment advisor, take it all with a pinch of salt, that's to cover me from liability. :)
 
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I've been away from Twitter for a few hours and was just catching up on stuff

It seems things are going to hell on the global banking crises. This is good for Bitcoin. I probably should have stayed on my position

Anyway, it's all good, withdrew the 10k profits and going back with a small position again, will add when bitcoin is above $30k for more than 30 minutes

Long btc perp futures @ $28,155


https://twitter.com/x/status/1637650782505017348

https://twitter.com/x/status/1637691968494112768


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Overnight said:
Powell is going to eat your brain on Wednesday at 2:30PM EDT. AHAHHA! NOBODY CAN ESCAPE IT! Not even the mighty crypto space!
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Bitcoin does not care about Powell

In case you did not get the memo, Bitcoin has completely ignored TradFi shitshow recently, in fact has helped fuel the rise in bitcoin price
 
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