To Everyone saying Bitcoin will go to 10k or 5k....

[Handle123]

Top tick, right. Me too.

I didn't mention it either till now so of course you can believe naturally.

It took a number of trades/hedged to find day of top in Bitcoin. System goes years like in Indexes, over 3.5 years, of trying to find extremes, hundreds of trades, since likelihood this approach will lose on underlying, over hedging produces small overall profits. Never can sell top tic as breakout pattern or close is entry. Getting in on highs/lows is pure luck as no one knows when that will happen, but this is a mathematical probability that you keep putting in trades, eventually will find extremes of highs and lows. Correct hedging required to not go broke.

I had been working on this method in 1991, then this book came out " You Can't Lose Trading Commodities" by Robert Wrist in 1992 another approach but I liked mine better as it was much longer duration.

Art Cashen had noticed 18 year cycle of stock market,
https://seekingalpha.com/article/148979-stocks-and-commodities-the-18-year-cycle
But for most commodities 9 years worked better.

I always wondered who gets top ticks, well done @SunTrader .

 

[SunTrader]

It took a number of trades/hedged to find day of top in Bitcoin. System goes years like in Indexes, over 3.5 years, of trying to find extremes, hundreds of trades, since likelihood this approach will lose on underlying, over hedging produces small overall profits. Never can sell top tic as breakout pattern or close is entry. Getting in on highs/lows is pure luck as no one knows when that will happen, but this is a mathematical probability that you keep putting in trades, eventually will find extremes of highs and lows. Correct hedging required to not go broke.

I had been working on this method in 1991, then this book came out " You Can't Lose Trading Commodities" by Robert Wrist in 1992 another approach but I liked mine better as it was much longer duration.

Art Cashen had noticed 18 year cycle of stock market,
https://seekingalpha.com/article/148979-stocks-and-commodities-the-18-year-cycle
But for most commodities 9 years worked better.

I always wondered who gets top ticks, well done @SunTrader .

Tom DeMark gets all the credit (although not really top, top tick) but within my risk parameters blue line equaling largest range in TD Sequential added to that bar's high.

:

 

[deaddog]

I am currently just 50-basis pts away from being up 80% on MSTR (Class A) in just over 30 days. lol

Then what cha gonna do?

 

[traderjoe200]

You can all kiss my motherf**king a$$. Bitcoin will continue to do what it does and will not be stopped. There is nothing any one of you can do about it. It will go on to retest it's previous highs, just like it has been doing since day 1.

Don't ever bet against Bitcoin or you will fail. Don't ever let fear take your Bitcoin.

Thanks, you all may go back to what you were doing...

Yeah,..uh,....the chart doesnt say that,.....

 

[The_Krakenite]

Then what cha gonna do?

As you should know me by now... 'hodl'

 

[Tokenz]

Yeah,..uh,....the chart doesnt say that,.....

Well, what do you expect it to do? Keep going up in a straight green line and never retesting previous lines? This is normal market behavior. I mean have you ever studied a chart before? LOL

 

[johnarb]

https://twitter.com/x/status/1550816813562400769

 

[thekbelite]

LOL The OP is in either a pathetic troll or he/she must be deep in crypto especially BTC the way that he/she spews out at least two threads per day pushing cryptos on everybody. I've got news for him/her: https://www.thestreet.com/investing/crypto-miners-moved-300-million-bitcoin-from-wallets

If miners themselves are dumping cryptos that means there is no future in cryptos. The fantasy with crypto is done. It might be for the future but certainly not now. If the OP's got huge inventory in crypto, it would be wise for him/her to unload some to recoup his/her expenses/investment otherwise he/she is in for a long wait for the future where crypto MIGHT be in wide use.

any theories as to why this would be occurring?

i cant believe that they have all lost faith in their product at the same time.

is it cost pressures due to power supply increases etc?

(in before "cos its worthless" and "its going to zero").

 

[traderjoe200]

Well, what do you expect it to do? Keep going up in a straight green line and never retesting previous lines? This is normal market behavior. I mean have you ever studied a chart before? LOL

yes,....i have,....and the chart doesn't say that....

 

[traderjoe200]

BTC dropping over 50% YTD is hardly "normal" market action...you kind sir are an idiot.