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10925547 No.10925547 [Reply] [Original]

Interested in hearing what some people think about the current market movement. I'm not going to be showing you TA or shit like that, just basic what you think is going on, and some reasons for it. Can we have at least one civil thread here?

When in doubt, you should always bet on the market doing the most likely thing based on what's been happening to it in the past with each rally and sell-off. I think we're clearly going to touch the mid 7k's, then reverse as we make yet another lower high like we've been doing for the past 8 months.

Anyone saying it's going to 8k or 9k or 10k isn't understanding the big picture. If we even touch the previous high (8.5k), that will be absolute confirmation that the bear market is over, just because for the first time this year, we would have failed to form a lower high on the daily/weekly. If we actually get that high, 9k and 10k are meaningless goals because the potential is the limitless, and you can start getting excited again.

Now, while we all want that to happen, longing now is actually stupid, because you're betting on something to happen that hasn't happened even once yet this year, right near the resistance. The smart thing to do if you want to actually be a gambler, is take a small leveraged short from here, layered up to and including 7.4k, with a stop above 7.5k. Trading is all about choosing favorable R/R ratios when you do put in a position, and right now, the short is the favorable trade just based on the history.

Yes, you could be wrong, and you lost money. The good thing is that if you're wrong and it blasts through the 7k values, congrats, put in a 5x long and relax for the bull market. Does anyone see a flaw in this? Interested to hear what other anons think about the current movement right now.

>> No.10925592

I think it's still far too early to go parabolic again. We'll go sideways at best. If we don't see any significant action in the last quarter of this year I can just about guarantee we'll go much lower. Plenty of desperate permabulls counting on a repeat of last year.

>> No.10925645
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10925645

>>10925547
I think crypto is a textbook speculative bubble that's going to get much lower before blockchain technology is actually integrated into society in any significant way.

>> No.10925670

We are going to see a slow rise eventually achieving all time highs. That's what the market seems to be indicating.

>> No.10925789

>>10925645
I agree, although how do you think Bakkt will actually affect the market? I'm predicting we'll get a pretty big pre-pump before it releases from FOMO with everyone assuming that this will be the catalyst to launch it past ATH, only for it to release and a sell-off to happen when they realize that the hype is still gone, and nobody cares about BTC still.

>> No.10925855

>>10925547
Well i think we are going down to 6k again.

But I am also feeling the pressure from the stockmarked being in the green dildo land for 10 years straight. and its slowly increasing its updrift=meaning nearing its end.

obviusly USA is doming some smart move and trying to stall it but am not sure.

for all we know GOLDMAN SACHS and his cancer gangster gang can do whatever they fucking feel like and crash the marked

>> No.10925984
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10925984

There are definitely quite a few legitimate blockchain projects out there that will slowly regain value especially those that have real world application. However, I am of the opinion that in the next year or so it is the geopolitical atmosphere and the stock market that will dictate where the crypto markets go. Look at this way, BTC has been seen an unorthodox hedge against the stock market and at the moment we are in a bull run. HOWEVER... if the Trump administration ends up facing an impeachment or any legal action that affects the President AND the stock market begins to enter a bear market, then I would be confident in saying that BTC and ETH will definitely increase in value as people seek alternatives to protect their money. Consequently alts will benefit too and we will be in for a hell of a ride.
That is my 2c,

>> No.10926045

>>10925984
BTC and XMR will benefit from store of value meme, especially XMR if there is a domino procession of governmental failure, coups, and other things that get rich people on edge.

Everything else in the space is pure speculation about future utility. In a global bear market, that speculative enthusiasm will drop to zero. Scared money will flee into store of value coins, or back out to fiat (if they're feeling particularly suicidal).

>> No.10926071

>>10925984
>There are definitely quite a few legitimate blockchain projects

literaly none except monero, the rest will be made obsolete by holochain and dags like nano

>> No.10926100
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10926100

>>10925984
>protect your money
>ETH

>> No.10926339

>>10925547
Nice FUD bearfag.
> muh lower highs
> muh lower lows
> muh triangles!
Stfu with your nonsense. You “crypto traders” are inheritently flawed. You take profits at $7,200 and buy back at $8,600 and sell again at $8,700. Pathetic. You will never see a 100-1000x in your life because you “take profit” on every 1% swing and loose money with leveraged trades.
Have fun on earth with the rest of the cucks. I’ll be on moon running train on your dream girl with the rest of the chads.

>> No.10927126

>>10925547
>not going to show TA
>argues with "confirmation bear market is over if price reaches a certain level

Dont fall for it. This anon is prime rookie in serious analysis.
Dont enter the market. It is a manipulated shitshow.

>> No.10927249
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10927249

>>10925547
i want a qt3.14 to sit on my face.