Just speculating, but as the halving gets closer (I know, still a ways off), miners are going to need bitcoin prices to double to offset the reduction in mined coins.
Is the crypto winter over?
- Thread starter schizo
- Start date
Alright you crypto biatches, we're screaming higher now. But we got some bumps along the way. As you can see, we'll be shortly retesting (1) the trendline from below and (2) the upper range. Good thing is they're both lined up to be smashed through.
Next price target: 33K. Now you know where I'll be taking my profit.
Next price target: 33K. Now you know where I'll be taking my profit.
Maybe. But before that, there will be a pullback at 33000 though, since that's a major support.
My long-Calls/short-Puts still hurting a bit on miners. The good news is the options on crypto are doing fantastic. Another good lesson here on 'diversifying' your bets, even when directional.
Hmmmm, not so sure, it may pullback very shortly, according to my algo, not quite out of woods yet, 1-2-3% away.
There's a pullback of $1500 from $34.7k to $33.2k
-------------------
Is that iBtc or Lbtc? I can't tell, but if it's the former, Apple ain't gonna be happy
And they hit my order too, so I'll be waiting for a pullback down to the 31500 before jumping back in.