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re: Official CryptoTalk Thread

Posted on 2/23/21 at 6:48 am to
Posted by HurricaneDunc
Houston
Member since Nov 2008
10472 posts
Posted on 2/23/21 at 6:48 am to
I just put one in. Wild market at the moment.
Posted by DreauxB2015
Member since Nov 2015
7912 posts
Posted on 2/23/21 at 6:48 am to
I always like the " Buy here , we may never see these prices again " comments .
Posted by JimMorrison
The Peninsula
Member since May 2012
20747 posts
Posted on 2/23/21 at 7:01 am to
This is the volatility I like. Let's go

Posted by JimMorrison
The Peninsula
Member since May 2012
20747 posts
Posted on 2/23/21 at 7:11 am to
BTC already retested the major $45k support level from 2/8. If that breaks, target is $40k.

Buys have been set.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82098 posts
Posted on 2/23/21 at 7:28 am to
Do you own crypto? You literally only post in here when it dips
Posted by lsu777
Lake Charles
Member since Jan 2004
36997 posts
Posted on 2/23/21 at 7:29 am to
quote:

Man those stop losses have been very expensive the last two days



where they?

I got sold GRT @1.95 yesterday morning and bought again at 1.67. Sold again yesterday and bought again today at yesterdays low of 1.6. Currently at 1.68 and headed up


that is one of many plays i made.

But there is another correction coming tonight more than likely.

and those stop losses and dips are only expensive if

1) if you are a holder and freak out over daily/monthly dips instead of looking at a 5 year period.

2) If you are setting stop losses and are not ok and freak over not being in the market.
Posted by ChuckO1975
Member since Feb 2021
1292 posts
Posted on 2/23/21 at 7:32 am to
quote:

Are yall nuts? Chainlink is an Ethereum token.

Ethereum 2.0 is a big part of the reason Ethereum has been climbing as hard as it has. Along with everything else being an ethereum token. It's not going anywhere.


Have you seen how many projects have migrated away from Ethereum?
Posted by lsu777
Lake Charles
Member since Jan 2004
36997 posts
Posted on 2/23/21 at 7:32 am to
quote:

BTC already retested the major $45k support level from 2/8. If that breaks, target is $40k.

Buys have been set.



yea i expect another run up to above 50k today then another dip tonight based on elliot wave theory. 42ish is what that graph showed.

If it breaks 42k I will have to eat my words as it will dump to well below 40k and people will panick sell and we will prolly lose all the gains from last month or so.

if you are worried, set stop losses accordingly and buys up accordingly.
Posted by lsu777
Lake Charles
Member since Jan 2004
36997 posts
Posted on 2/23/21 at 7:34 am to
quote:

jmcwhrter
quote:

Fox McCloud


Btw how does BTC look over a 5 year period? Pick any 5 year period you want.

Hell make it 4 or 10, I dont care.

I have said consistently on here, you either do short term trades and ride the bull runs, pulling profit or you buy and forget it and dont even check it for 5 years, just keep putting money in it.
Posted by finchmeister08
Member since Mar 2011
39874 posts
Posted on 2/23/21 at 7:54 am to
quote:

you either do short term trades and ride the bull runs


Posted by jmcwhrter
Member since Nov 2012
7776 posts
Posted on 2/23/21 at 7:56 am to
quote:

Do you own crypto? You literally only post in here when it dips


yes.. and I've said several times that my personal goal was to max out in 2021 and get out, maybe leaving a small amount behind. I have some things I'd like to purchase this year

I don't disagree with anyone holding thru this and any other drops.. Nobody has ever lost money holding BTC
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 2/23/21 at 8:16 am to
did the tether printer jam? we need them to pump it up..
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 2/23/21 at 8:25 am to
quote:

if you are worried, set stop losses accordingly and buys up accordingly.


I'd follow your advice but my hands are too diamond
Posted by JimMorrison
The Peninsula
Member since May 2012
20747 posts
Posted on 2/23/21 at 8:27 am to
quote:

yea i expect another run up to above 50k today then another dip tonight based on elliot wave theory. 42ish is what that graph showed.


Interesting, thanks. What time intervals are you looking at? I'm looking at 4hr and 1D for major pivots. Shorter intervals tell me BTC will struggle to get much above $49-50k today unless momentum changes.

If it can't push to around $51-52, I think a leg down to around $40-41k will be next test.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 2/23/21 at 8:31 am to
One can hope
Posted by jmcwhrter
Member since Nov 2012
7776 posts
Posted on 2/23/21 at 8:48 am to
crypto collapsing with the Nasdaq and everything else now

this shite is so stupid.. for months the market hinged almost entirely on stimulus hopes + ridiculous spending plans... Now the TV shows are suddenly concerned about inflation, and everything takes a coordinated shite

If anything, crypto is a hedge against Biden
This post was edited on 2/23/21 at 8:49 am
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 2/23/21 at 8:55 am to
why would the markets dump if people are concerned about inflation? what are you going to hold... cash?
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 2/23/21 at 8:56 am to
Guys we crashed all the way to where we were



2 weeks ago!!!
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 2/23/21 at 8:59 am to
lol and the weird thing is tether settled today with the nyag

tether critics should be thrilled, they agreed to provide reserve transparency on an ongoing basis!
Posted by lsu777
Lake Charles
Member since Jan 2004
36997 posts
Posted on 2/23/21 at 9:01 am to
quote:

Interesting, thanks. What time intervals are you looking at? I'm looking at 4hr and 1D for major pivots. Shorter intervals tell me BTC will struggle to get much above $49-50k today unless momentum changes.

If it can't push to around $51-52, I think a leg down to around $40-41k will be next test.



I posted the graph a couple pages back. I was expecting more of a bounce this morning and expected it to get closer to 50k based on market depth, doesnt look like that will be the case though. Right now, Looks to have support around 45-46k and if it breaks that, good chance its going to the next support around 42k. breaks that well...gonna be a ride down and my statement about never seeing sub 40k bitcoin again will be out the window and possibly even 30k according to some graphs.

As far as time frame, i expect it to test the 45kish support over next few hours.

I currently out. Made some money this morning and just holding the tether scam right now.

if you are not a trader though, dont worry about any of this BS. Hold and then DCA buy after it hits bottom. This shouldnt be a concern to 90% of the people that post in this thread.
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