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Started By
Message
re: Official CryptoTalk Thread
Posted on 8/6/21 at 10:09 pm to down time
Posted on 8/6/21 at 10:09 pm to down time
If you’re being serious, this is one of those times there is no TA. News cycles are driving the market and we’re in a price finding phase. Resistance is all that matters. We are in a bull trend shoving up to 45k until we reverse or break through 45. 45 is a huge deal- that’s basically macro reversal.
2
Posted on 8/7/21 at 7:09 am to Tiguar
ETH is kicking so much arse
Posted on 8/7/21 at 7:27 am to Tiguar
We might find out the 45k in a few hours
Posted on 8/7/21 at 8:01 am to TheDuke5524
quote:
I’m using my holdings as collateral for an auto loan, and without any credit info whatsoever I’ve got the amount I want with a great Interest rate.
You going through Celsius?
Posted on 8/7/21 at 8:18 am to Ron Cheramie
Haven’t actually done it yet, but I’ve been checking out different platforms and was making a point that this is def something the government does not like.
Posted on 8/7/21 at 8:28 am to TheDuke5524
quote:
We might find out the 45k in a few hours
There is not as much resistance from 43,800 to 50k. If we get through that resistance it could run to 50k pretty quickly.
Posted on 8/7/21 at 8:33 am to go ta hell ole miss
Should be an interesting and entertaining weekend for both BTC and ETH
This post was edited on 8/7/21 at 8:34 am
Posted on 8/7/21 at 9:08 am to go ta hell ole miss
That’s what we thought with sub 30k but what we saw was buy orders came out of no where once btc hit 28k.
What’s happening right now is btc wants to go down but ETH buy pressure is so high that it’s propping up the entire market. The sell pressure from btc is mild enough that the positive eth movement can run BTC through shorts and liquidate degenerates.
What’s happening right now is btc wants to go down but ETH buy pressure is so high that it’s propping up the entire market. The sell pressure from btc is mild enough that the positive eth movement can run BTC through shorts and liquidate degenerates.
Posted on 8/7/21 at 9:10 am to Tiguar
The spot bid on ETH right now is epic. ETH is going to get very close to flipping BTC this year unless this is all a giant bull trap
Posted on 8/7/21 at 9:15 am to DallasTiger11
This is beyond a bull trap for eth. We have exceeded that. You’ve almost doubled your money if you bought eth at 1700 a few weeks ago.
ETH is going to attain the 0.09 ratio with BTC again and then we will see what happens.
ETH did get to 0.1 briefly in 2018 before it went to hell in a hand basket. Doesn’t really matter now but worth mentioning that nothing “new” has happened…yet. ETH getting to 0.11 would be pretty significant.
ETH is going to attain the 0.09 ratio with BTC again and then we will see what happens.
ETH did get to 0.1 briefly in 2018 before it went to hell in a hand basket. Doesn’t really matter now but worth mentioning that nothing “new” has happened…yet. ETH getting to 0.11 would be pretty significant.
Posted on 8/7/21 at 9:34 am to Tiguar
Ugh… doge pumping… Sign to take some off the table?
Posted on 8/7/21 at 9:39 am to TigerDeBaiter
It refuses to go quietly into the night…
Posted on 8/7/21 at 9:54 am to Tiguar
I’m talking about the whole market in a bull trap. I don’t think it is but it’s still possible. Double bubble scenario seems to be unfolding which tees us up for a completely fricking insane fall and early winter.
Posted on 8/7/21 at 9:59 am to DallasTiger11
I was looking at the entire btc chart last night and I was thinking this second peak looks awfully similar to the shape of 2017.
Posted on 8/7/21 at 10:24 am to TheOcean
Is it too late to put more money in ETH???
Posted on 8/7/21 at 10:40 am to philly444
Nope. Not if your plan is to long hold. There’s plenty of room for ETH to travel
Posted on 8/7/21 at 10:40 am to DallasTiger11
The issue is we are in a brave new world with ETH.
It’s fundamentals have changed with the fork.
Eth may be worth 3k now instead if 2k or whatever, but that may be independent of the market as a whole and just be an eth thing.
We don’t know. Investing or selling right now is quite literally guessing.
It’s fundamentals have changed with the fork.
Eth may be worth 3k now instead if 2k or whatever, but that may be independent of the market as a whole and just be an eth thing.
We don’t know. Investing or selling right now is quite literally guessing.
Posted on 8/7/21 at 11:05 am to Tiguar
It truly is a ETH upwards momentum VS BTC downward pressure atm.
Posted on 8/7/21 at 11:15 am to TheDuke5524
seems like a really unstable equilibrium
wonder which side wins
wonder which side wins
Posted on 8/7/21 at 12:14 pm to Ross
quote:
seems like a really unstable equilibrium wonder which side wins
BTC almost always wins, but here ETH winning may actually continue to flip BTC and keep upward pressure. This is the first time I recall BTC being controlled by an external force (other than the Elon tweets). It almost always controls all other forces.
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