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It could be the bottom but would be relatively high risk entry at this point as we’ve not had a confirmation on the charts. The fact that everyone on Twitter has raised the white flag in panic and now expecting low 20s gives me some confidence it’s the opposite though.

Here it comes....

Yeah that worries me. I think we’re going down further. We really need a short sharp panic/capitulation to ride off again.

That would only happen if you invested your entire wealth in it which would be frankly daft.

Back to price action. $42k a big level of resistance with support at $34k. Think we range here for a bit which will be nice for alts. If the latter breaks then bull market is over imo.

Thats why if you dont want that risk you should always set stop losses that trigger automatically.

What he said is actually 100% correct. There have been many many days like this in crypto.

Anybody that does/did that is a total idiot and deserves to lose their money. Exactly the same as it would be investing in the stock market which is going to get the biggest shock since the 30s soon.

Well the correction I was talking about well and truly came! Be interesting to see if we get a recovery here so that the weekly can finish above the 21EMA, if not other key levels for BTC below the current $38k are 32, or worst case should be around the 20 mark.

Sometimes the market just needs the nudge to go where it needs too.

It was. The mathematical order of the universe and cause and effect are usually perfectly in balance.

The scenario that I think most likely to play out (if following historical patterns) is that this current btc correction plays out then we see the final big rise of the bull run then the start of the new bear market. Most people thinking btc goes to $100k at the top but that’s become so...

Took a bit of time to get going but 45% profit and looks like about to close above resistance. Promising.

Looks like it’s time for BTCALT pairs to fly. That could also mean btc about to drop. I’m not bothered about that at all as almost my entire portfolio is currently (a lot of) alts.

That’s incredibly trusting of you to give your account to someone else. I wouldnt let a sole near any of mine.

LUNA is going to be one of the biggest players for a very long time.

Weekly 21 EMA has finally hit for first time this bull run. If this holds (as it has in historical bull runs) will be great for a big final push. If it breaks and we get candle closes below then could be carnage.

Probably double digits even. Be interesting to see what price does over next few days. Alts holding up remarkably well.

Wtf Elon. [emoji23] Would imagine this will be the catalyst for that correction I’ve been talking about. Wait a couple of weeks for him to tweet that he’s now comfortable that most is produced with renewable energy and the price rockets up. Dangerous that this guy has so much power over...