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re: Official CryptoTalk Thread

Posted on 7/25/21 at 8:42 pm to
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 7/25/21 at 8:42 pm to
Been in the pool all day and came inside to this

It’s not a rejection from 40k because it kept going up on the next candle. It just hit resistance.

Depending on your risk tolerance, not a bad idea to get back in somewhere if you’ve been out. That was a convincing rocket through 36.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80806 posts
Posted on 7/25/21 at 8:48 pm to
$111,000,000 of shorts liquidated in 10 minutes. That was fun
Posted by go ta hell ole miss
Member since Jan 2007
13665 posts
Posted on 7/25/21 at 8:53 pm to
quote:

You really going to call that a rejection??


I guess it is relative, but there was a 5% decline, which is a rejection.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 7/25/21 at 9:06 pm to
prob one of those was Michael burry

he deleted his twitter account of course after saying bitcoin would crash to $10k
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 7/25/21 at 9:11 pm to
I’m confused as frick because a bunch of buy orders just got moved down to 25-30k on binance
Posted by Ross
Member since Oct 2007
47824 posts
Posted on 7/25/21 at 9:13 pm to
Carnage expected tomorrow perhaps.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 7/25/21 at 9:16 pm to
Still a lot of down pressure after the liquidations but it melted all the resistance to 40k. Sentiment is high. I swear if there was ever a time for this to turn around it’s this; FOMO should be enough to push it past 42k
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 7/25/21 at 9:21 pm to
forever Laura
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43309 posts
Posted on 7/25/21 at 9:21 pm to
Sounds like it's time to skim a lil profit in case it drops back down
Posted by James11111
Walnut Creek
Member since Jul 2020
4691 posts
Posted on 7/25/21 at 9:23 pm to
Pump it Black eyed Peas

this one is much better.

If someone could Fark this for BTC that would be awesome.
This post was edited on 7/25/21 at 9:28 pm
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 7/25/21 at 9:24 pm to
Yeah, whatever whales bought up 28-30 played this shite like an absolute fiddle.

They did not sell off at all at 35 and let the shorts that normally succeed…fail. Now they double their profit. Just fricked the hedgies right in the arse.
Posted by James11111
Walnut Creek
Member since Jul 2020
4691 posts
Posted on 7/25/21 at 9:37 pm to
I have a buy at 34,900 with my trade account but im guessing at this point

This post was edited on 7/25/21 at 9:40 pm
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 7/25/21 at 9:46 pm to
5th green candle in a row

has btc ever had 5 greens in a "bear" market?
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 7/25/21 at 10:22 pm to
I don’t know. I do know it ran from 10 to 15 once in 2018 after crashing but I don’t remember how.
This post was edited on 7/25/21 at 10:23 pm
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80806 posts
Posted on 7/25/21 at 11:07 pm to
Our dude Willy Woo saw this coming a couple days ago

Twitter

quote:

9 more hours from daily close. If price holds these levels, RSI breakout will confirm. RSI leads price breaks with quite high reliability.

Meanwhile on-chain fundamentals: supply shock is in play and only getting stronger. A short squeeze setup.



9:30 AM · Jul 23, 2021
This post was edited on 7/25/21 at 11:11 pm
Posted by finchmeister08
Member since Mar 2011
35868 posts
Posted on 7/25/21 at 11:57 pm to
I’m glad I put all of my ETH mining rewards in BTC.
Posted by James11111
Walnut Creek
Member since Jul 2020
4691 posts
Posted on 7/26/21 at 12:00 am to
quote:

I’m glad I put all of my ETH mining rewards in BTC.



85% BTC is the responsible play. It always has been.
This post was edited on 7/26/21 at 12:01 am
Posted by Hangit
The Green Swamp
Member since Aug 2014
39314 posts
Posted on 7/26/21 at 6:30 am to
I happened to be looking when this run started. It made a diamond cutter. My secondary coinage is up 9-13%. My daughter took some ETH profits, and is sitting on the cash, waiting for a dip.

Bloomberg said this is really squeezing 'dem shorts. They also said they are buying the Amazon rumors.
Posted by TheDuke5524
Baton Rouge
Member since Jun 2015
1036 posts
Posted on 7/26/21 at 7:17 am to
I’ve been buying dips and selling off after 10%~15% jumps on ETH but I’m gonna hold on longer this time. Feels like could go much further when/if BTC breaks through this 40k wall. I’m long on BTC regardless, but the bulk of my ETH has been held since December so it’s good to see both with some momentum
Posted by TexasTiger34
Austin, Kind of
Member since Mar 2008
11338 posts
Posted on 7/26/21 at 7:58 am to
quote:

They also said they are buying the Amazon rumors.

what rumors are those?

never mind, quick google found them
This post was edited on 7/26/21 at 7:59 am
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