So idk if not all orders are there (find it hard to believe nothing is at below 5k) but seeing the buy walls, it doesnt really look like btc will ever go below 8400 again... if it breaks 8400, it will have weaker support I guess, but fuck.. I feel the DCAing days are over..
Please give me realistic bearish news (preferably for short-mid term bears that are long time bulls OR perma bulls. Not perma bears because they are literal dumbasses).
So, just want to know what are the chances on a MACRO level of btc touching 5k levels and WHY? Use technicals or something LOGICAL. Please dont just say "peter schiff says bad so it go poopoo" like a retard. Please want to hear some actual logic, preferable technicals.
Also, havent paid attention to the news, but it seems corona is not getting better and apparently a little over 30% of people are underemployed (correct me if wrong). Also, supposedly there is a new virus that has spread from europe this time that is worse than corona. All that makes me think there will be a black swan event 2.0. There are people that have not sold yet but will eventually if they are unemployed.. BUT it can MAYBE be argued they are poor retailers (iirc, retailers when talking about btc just mean people like you and me) so if they sell, it wont actually fucking matter anyways because they never had a lot of btc to begin with and whales own most of it..
So... let's hear some data and not just euphoric talking points. Please make this a quality thread.
Im going to kill you. Read the fucking thread. I dont want brainless posts. I want actual data. Technicals mostly. Not just random "dur hur 1 mil eoy" or "1 dollar eoy" shitposts
Nathaniel Lewis
*preferably from
John Wilson
>long time long term.
Christopher Kelly
>2.0 3.0 Man, I fucked up a lot here
Robert Kelly
Babies first time online huh Bitcoin could go to a million by eoy it doesn’t care about your feelings
Daniel Gonzalez
You're retarded as FUCKING HELL. What the FUCK is with these 0 IQ monkeys?
I am asking for people with 90+ IQ points to answer. Not retarded hillbilly incest fuckers. I want responses with actual LOGIC. TA for instance. Anything else that uses data (though only TA comes to mind).
Answers like YOURS are dogmatic retarded BULLSHIT. Im also long term bullish, you STUPID mother fucking retard which makes your WHOLE post a waste of fucking space, faggot cuck.
Anthony Foster
No, seriously. Arent you embarrassed by your low IQ posts? Im not here to talk about "feelings", DIPSHIT. The opposite, illiterate clown. I LITERALLY asked for DATA only, faggot ass CUNT.
Blake Wright
poopoo peepee
Elijah Green
TA doesn’t work A whale take a dump and we go to 5k Another whale buy 250 millions USDT and we go to 13k Don’t waste your time on TA The most accurate indicator is the sentiment Buy when extreme fear, sell when extreme greed, you literally only need that
Luis Kelly
You're really showing how new you really are here. In reality you're the only one making a fool of himself. Only very stupid and very smart people are going to make it in crypto, or in stocks for this matter. The market is not logical, pretending you know what's going to happen even long term is idiotic. What are you even trying to accomplish with this thread? Here's your answer: it will probably go up long term. How much more exactly? Fuck knows. When more exactly? Fuck knows. It might even dump again before the big pump but there are too many factors that are not under your control to determine this. Idiots like you that try to reason all of this shit are pissing me off the most.
Adrian Thompson
>dur hur new new new new new didnt read the rest after. Sorry, faggot. Hiding your down syndrome posts now. Literally shitposts. WASTE of space.
Dylan Cook
you would know why 288k if you did some research yourself. the only bearish scenario is miner capitulation and the fear of it happening. but since we had 2 halvenings already bitcoin wont dump this time around the halvening.
Jonathan Green
Flush yourself down the toilet.
Jayden Rogers
I think the stock market will fall hard (because the worst is still ahead of us, both with the virus and its effects on markets and supply chains) and bring btc down with it. But then it will moon of course, long term bullish.
Cameron Gonzalez
Disagree whole heartedly considering stock to flow model is part of TA and btc has been performing as expected on a macro scale minus the short term black swan event. I will say the lower the market cap, the more TA can become invalidated with trades due to manipulation which is easier to do when not much money is in something. I am hoping we get a black swan event 3.0 soon...
I didnt even understand what the hell caused btc to dump hard with stocks.. only that maybe big players with stocks were selling their btc for some purpose related to their trades (Idk shit about stocks).
Luis Rodriguez
Tbh using logic in clown world is a horrible idea , logically it shouldn’t have dropped 50% in one day in March but it did
I am 100% hoping for this. Stocks go up while unemployment goes up.. may or may not make it a bubble.. but for sures what the fed does to keep them afloat is a bubble and they havent learned their lessons. I am hoping traditional market takes btc with it again. I will straight up take out loans if that happens.. I see potentially many businesses going under water soon.
Wyatt Diaz
I heard it had something to do with bitmex and their liquidation engine and that at most, it should not have gone below 5k levels. Something about lots of liquidity at lower levels that wouldnt have been present if not for bitmex. Anyways, im a dumbass myself so I didnt quite understand the whole logic to it
Leo Reyes
This is a reasonably good guess for the next ATH.
Luis Rivera
Please go back to plebbit and have your 90 iq conversations there. you won't find the answers you're looking for here, seriously.
Cameron Perez
I agree with you faggot. There's no point in spewing mindless shit like that with no evidence, since everyone knows it'll top at 150k
Matthew Lee
Fucking autistic braindead nigger cum guzzling wrinkly shriveled up scrotum having test lacking basedbean grinding kike.
>may or may not make it a bubble what I mean is it looks fishy, but it may not actually have a correlation as to how stocks perform. It looks fishy though because how can stocks go up while businesses are hurting? Looks suspect
Ryan Gonzalez
Lmao youre still mad and are getting butthurt that I was starting to ignore your posts. Damn, I must have hit a bigger nerve than you did to me for you to be so clingy lol
Cooper Fisher
>big players with stocks EXACTLY. What this recent dump showed was that huge numbers of traditional investors have BTC positions. People who liquidated their stocks were also liquidating BTC. Some of those "people" were not people but rather banks.
The people most inclined to liquidate in a crash are those planning to use that cash to snag bargains. Note how the markets have bounced back. Imagine you are huge fund in this for the long term and suddenly oil stocks are available at the lowest price ever. You immediately dump everything to get cash so you can acquire as large a position as possible in the oil stocks while they're cheap. Over a five or ten year horizon there's almost no way that doesn't pay off enormously. The supply glut is temporary and any geopolitical fuckery can dramatically alter that situation and is inevitable.
The key takeaway is that the same people who owned a lot of money in stocks and converted to cash did that in BTC. Smart money is in bitcoin.
Angel Brooks
>smart money is in btc so you're saying you think there will be no more big dump? Im thinking there will be a repeat of what happened a few weeks ago with that giga dump since I dont see stocks as being in a healthy state right now plus the corona situation not seeming to improve. Idk the whole fed situation, but it seems to be they cant keep things on life support forever
David Hernandez
The number goes up because it's not about demand it's about supply.
When the number starts going up fewer people want to sell because when number goes up it goes up a lot and nobody wants to be the faggot that sold at 2700 on the way up.
When supply dries up it causes number to go up more and that attracts precoiners to make their first buy.
Precoiners don't think about bitcoin until after it crosses its former ATH. They live in a silly world where because bitcoin traded for a few weeks at 20k, it's "down" right now. So they won't show up until we're past 20k again, because they're new and don't know know how to look at a log chart.
Demand isn't important. The pool of bitcoin being traded shrinks and shrinks as traders sell their coins to savers over time. Miners operate on thin margins and think 6 weeks into the future and get shell shocked by the halvening even though they should know better.
Hueristics and anecdotes > technical analysis. Source: being in bitcoin from early 2011 until now.
it entirely depends on the catalyst for the stock dump. it's important to remember that the trigger last time was the oil price and supply glut. corona revenue losses were then priced in by industry. no one buying stocks since two months ago has ignored the losses from shutdowns.
I expect BTC will see jumps down and up on the order of $1k in a week several times through the end of the year but end up 2.5x on the year. It will moon big time throughout 2021. BTC has shown great resilience over the past 12 months and the whispers of digital currencies around the world are rapidly turning into a roar.
Jacob Davis
if you guys are talking about the march crash, it was fucking bitmex being ddosed you mongoloids, at some point the liquidation engine went crazy and their system started to clean all longs because it was profitable for niggermex auto-liquidation engine to bet against their clients it was not “banks” nor anything related to stocks
Henry Price
Chinese Twitter says bitcoin halving is one of the top talked about topics. This time right now the most people in history are talking about and probably will investing will correlated. This will be more costly to mine. Inflation of the dollar and mistrust in traditional money. All reads hugely bullish.
T.newfag who wished he had more savings to chuck in.
Jayden Turner
Im also wondering about miners dumping bitcoin and how that will effect price..
