Bitcoin dips to $52,000

[dokdonia]

47k has been the predicted technical and psychological line of support for some time now. The switch btw bull and bear. Be noice if it could but I'm not sure it can hold much longer. Once support fails, 42k is the likely next stop.

 

[Perrin Aybara]

How are we all feeling right now? Got the Elon Musk FUD, the Binance FUD, and the China crypto ban FUD all at the same time.

 

[dokdonia]

Dropping below the 200 D EMA and MA was not a good sign. Another technical and psychological support breach.

 

[Supremo44]

Do you guys think bitcoin will raise again ? Im thinking about to buy some btc but im not sure yet, woke up and went from 36k€ to 31k€ Thats crazy.

 

[Millard]

 

[Perrin Aybara]

If you like a good conspiracy theory. I do think the crypto market is very heavily manipulated though.

Do you guys think bitcoin will raise again ? Im thinking about to buy some btc but im not sure yet, woke up and went from 36k€ to 31k€ Thats crazy.

Long term yes. It's shown over and over and over that eventually it goes up. Odds are good it will again. Might not be till the next halving, but I believe it will eventually go up.

Short to medium term could go either way.

 

[dokdonia]

Extreme fear precedes financial opportunity. DYOR. Lot's of people relatively new to the market are panic selling. Expect more pain nonetheless.

That is all.

 

[Millard]

Extreme fear precedes financial opportunity. DYOR. Lot's of people relatively new to the market are panic selling. Expect more pain nonetheless.

That is all.

Word of the day:

Capitulation

 

[DrinkFlintWater]

 

[DrinkFlintWater]

Worth the read if you got a min

 

[Perrin Aybara]

View attachment 147074

I think a lot of 4chan posts are larping, but at the same time still probably not far from the truth. It did hit exactly 30k a few hours later.

 

[6FootFatty]

Extreme fear precedes financial opportunity. DYOR. Lot's of people relatively new to the market are panic selling. Expect more pain nonetheless.

That is all.

Not really. The general public panic selling cannot change the market that significantly. The only movements that caused this dump is whales selling off.

Also, 75% of volume currently is purchases and the prices are still not increasing. So not really much panic selling going on which is the scary part.

 

[Perrin Aybara]

Not really. The general public panic selling cannot change the market that significantly. The only movements that caused this dump is whales selling off.

Also, 75% of volume currently is purchases and the prices are still not increasing. So not really much panic selling going on which is the scary part.

So price suppression until the whales are done accumulating?

 

[dokdonia]

Not really. The general public panic selling cannot change the market that significantly. The only movements that caused this dump is whales selling off.

Also, 75% of volume currently is purchases and the prices are still not increasing. So not really much panic selling going on which is the scary part.

Never said the newer, weaker hands were moving the markets. It is shaking them out of the market and more seasoned folks see opportunities to take positions in the market. Just intra-day yesterday there was the chance to pull in profit from a likely bounce. 25%.

 

[6FootFatty]

Never said the newer, weaker hands were moving the markets. It is shaking them out of the market and more seasoned folks see opportunities to take positions in the market. Just intra-day yesterday there was the chance to pull in profit from a likely bounce. 25%.

No doubt you could be right.

But the rebound could also be a dead cat bounce. Hard to tell at this point.

 

[dokdonia]

Some thoughtful on-chain analysis of who did the buying and selling at the peak of the crash.


View: https://mobile.twitter.com/WClementeIII/status/1395570227849617410

 

[Perrin Aybara]

Here's a site with links to all the largest wallets and you can view all their transactions. I was reading those kinds of articles the other day and wondered if there was something like this and of course there is.

https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

 

[Perrin Aybara]

 

[dokdonia]

Inject this hopium straight into my veins...........


View: https://mobile.twitter.com/TheCryptoLark/status/1396726767176491010

 

[dokdonia]

Just set auto buy and sell orders on Elon's tweets now SMFH.



View: https://mobile.twitter.com/elonmusk/status/1396914548167233537