bitcoin bros, we still confident about btc going up this year? time to start averaging into crypto? chart is looking scary tho, 200 SMA is still acting as resistance and the 50 SMA is gonna crossover the 200 in maybe a week. Deathcross: https://www.investopedia.com/terms/d/deathcross.asp @Ziggy you adding here? not sure if btc is going to consolidate between 30-40k before next leg higher or drop-off below 30k when the deathcross happens.
oh boy. BTCUSD The price is currently forming a Range/Consolidation at the moment, If price manages to break above the range then it is highly likely that price will touch $47K, however it price manages to break & close below the strong support area ($30,000-$29,000), it will be a very big bearish sign for the price and price might continue moving lower towards $21K..
technical analysis is for r****d degen traders a bitcoin dollar cost averaging strategy will beat any algorithm to time buying and selling dollar cost averaging also requires zero time/maintenance, you just set it and forget it
Not adding here. But not sweating what I'm holding either. I don't really bother with charts when it comes to BTC (not saying you shouldn't use them), but BTC seems to be driven by unpredictable outside factors right now. And Saylor always makes me feel better. I don't know if he's wrong or right, but he's definitely CONFIDENT. Puts his nuts on the dresser like @DonnyMost
Timing makes a huge difference, and it's not like there's earnings to analyze on a fundamental basis here. This is pure momentum - nothing wrong with that. Sorry I'm bullish but I'm not a cult member, just because it kept rising in the past, its not a given that it'll keep going up forever, many factors that we cannot predict (regulatory action against exchanges, esg penalties for companies to hold btc on balance sheet, taxes, other coins, etc). If I was just looking at the technical properties of the coin, xmr looks superior in just about every aspect, btc advantage is momentum/first mover. If I miss out on the btc train because I'm too conservative I'm ok with that. There are Other ways to make $, don't need to jump on every train. On musk's recent flipflops on btc, he's a shrewd biz man, I think there's much more behind the scenes at the corporate level than sudden awareness of electricity consumption, or being satisfied with American miners using "clean" energy, or reversing thar opinion again on a whim (hint: those precious carbon credits).
I read there's an incoming death cross with technicals but I'm itching to catch a falling knife this weekend with some shitcoins...matic and one. Any takers? Spoiler
Taproot is about to be confirmed. Bond yielding defi coming to the nearest Bitcoin node near you. The question is will Bitcoin ever allow an ethereum signature on its blockchain.
Based on current trend, my guess is deathcross on 17 June. Since the drop from $58k its been consolidating in a descending channel. Gonna wait. I may add a bit more XMR and SOL at $200 and $25 respectively; but want it a lot cheaper before adding significant amounts. If the dip i want doesn't happen i'll just stick to stocks.
My sauces tell me that BTC is the only thing holding the market up right now. Also, a possible ETH rally could stop the bleeding too, but I don't see the volume there for Crypto for another bull rally any time soon. End of summer, or end of July at earliest, IMO.
