Bitcoin Price Thread

bitcoin
cryptocurrency

#5809

I got stopped out in my long position by $2 while I was sleeping, then we get this nice big wick a few hours later, lmao.


#5810

We could see a new lower low in the $2ks within the first half of this year, but it could very well be that the low has already been put in (Nov.). Be prepared for either possibility.


#5811

NVT is a good signal man

http://charts.woobull.com/bitcoin-nvt-signal/


#5812

You know what… this is what I am starting to understand… everyone is disillusioned in the fact that we have hit bottom.

We haven’t… I will even bet on that fact… and I can not bet…

If you disagree, fine there is no point arguing. The proof of the pudding is actual capitulation. Big money needs to buy in to buying the crap out of cheap coin which causes a rapid dip.

If you think we have reached that point then, woops, wait and see. I am not overly keen on predicting the bottom price but I will say this in regards to now , its not now.

Crash


#5813

This is a good plan. Most of the market is preparing for a capitulation move but I bet very few have a back up plan if the bottom is behind us. It took a very long time for the majority of the market to turn their psychology from bull to bear (me included).


#5814

I just can’t say the bottom is in man. Markets don’t give you this long to buy them lol. I will miss the bottom. So i just have to trade what i see in front of me

Can’t be trading my opinion :slight_smile:


#5815

capitulation can either be rapid or a painful up and down for 3 years… either would make you think … screw this market.

Crash…


#5816

The bottom is in.


#5817

I don’t think it is either, but it could be. I have a plan to take action if that gets confirmed.


#5818

if its “in” already, what would be a confirmation that its actually the bottom?


#5819

It seems to me that nothing could convince most to buy now. The confirmation would require sustained price movement upwards which means you buy higher than now.

Waiting for confirmation requires you to miss out on the best prices. There’s always confirmation to see so buying never occurs until the reversal is so obvious that even noobs are foaming at the mouth for more crypto.


#5820

When I get the call :bogged:.

The ultimate indicator is 50 day SMA crossing above 200 day SMA.


#5821

Why would you rely on moving averages? They seem like completely arbitrary lines to me. Static Support and resistance lines seem much better to me from a psychological basis.


#5822

I have never used USDT, cuz I dont trust it… but I may give it a shot…

I get money from CBpro to Huobi and Binance just by moving BTC and ETH… so I have made a series of buys on alts just by quickly buying eth, then moving it and transacting on the alt all within a 10 min timeframe…kinds ghetto…

whats the easiest way to get into USDT with CB being your onramp?


#5823

Could be a case of…


#5824

Yep, I would use those too, just the last nail in the coffin for the bear market to be over for me is golden cross on the daily moving averages.


#5825

Maybe USDC to binance that supports USDC/USDT pair? I’m not 100% sure cuz I’ve not tested the cheapest way to save on fees.


#5826

This worked pretty well for me because USDC has no fee to purchase and about a penny to transfer. The main source of loss is the fact that USDT is usually worth a bit more than USDC. That’s annoying.


#5827

I dont even care about fees that much , its a rounding error, maybe just fast buying eth and then transfering it then buying USDT is ghetto, but the easiest way…?


#5828

I literally forgot CB had USDC now, this is probably easiest… brain fart