Who had that Bitcoin target price prediction?

racer1

Tom Curren status
Apr 16, 2014
12,966
15,053
113
Honolulu, Hawaii
Doge to .23 today

here’s the timeline:


0.2 - glimmer of hope


0.3 - is this it?


0.5 - oh man it just might happen


0.75 - normies back saying doge to moon


$0.9 - it's happening , wagmi


$1.2 - why did i sell at $1


1.5 - hedge funds getting blown shorting doge


1.75 - you are convinced we are going to $2 and buy back



That was the top
 
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brukuns

Kelly Slater status
Mar 5, 2014
9,959
4,814
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Sao Paulo/Brazil
doesn't matter. Every time this sh!t goes up steep on daily, it always corrects into a mess of sideways-down, at some point.

Feb 25 to Mar 13, only four red candles.

View attachment 175676

If we draw a silly line, we can see BTC bounced perfectly off silly line again.

View attachment 175677

Most would call this some kind of head-and-shoulders pattern. But been my experience in crypto that pattern is dumb as fuck and never seems to play out as technical books would tell you. Based on my experience, price will bounce on this red line at least 2 or 3 more times, unless major news event, like the stock market crashes hard.

Maybe something like this going into April. It's all a guessing game. Just keep accumulating your fav coins on stronger dips, if you believe BTC to 100k.

View attachment 175679
Playing out nicely man. It's coming for another touch. Will it lose this support? Or is this an easy buy? Guessing a bounce at 68.000k.

1711983617778.png
 

r32

Administrator
Staff member
Apr 1, 2005
18,113
9,837
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Cambria
Should always crop to include chart title ("BTC 3h") for easier reference for others so they know what they're looking at. Especially helpful when going back through older posts.

BTC with a little sell off this morning. Let's remove the Bollinger Bands to get a cleaner look.

End of triangles are a total guessing game, but price usually breaks out before end of triangle. So maybe the major move comes somewhere around April 5? Half the time, these triangles seem to break down, other half seem to break up.

Also seen the break to the upside, then sweep liquidity above ATH, then drain off.

1711984466752.png

P1 - Double Top break to Liquidity Sweep and Reversal

1711984730205.png

P2 - Fallout Boy (loss of momentum)

1711984833421.png

P3 - Double Top rejection

1711984893038.png

P4 - Double Top to Early Retirement Breakout

1711985093717.png
 

r32

Administrator
Staff member
Apr 1, 2005
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We cleared red (P2 is playing out), so now I'm looking for bounce at blue. As usual, no idea of time frame. Anything can happen tho. Just takes one big buyer to fire up the engine again.

SPY and tech stocks are cooling.

BTC 2h - also note the dying volume since beginning of March

1712062173809.png
 

r32

Administrator
Staff member
Apr 1, 2005
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seems odd that they'd market sell them all at once. probably something other than that happening.
Transferred does not mean market sold. It just means they transferred from private wallet to coinbase wallet.

US gov use Coinbase Prime and Coinbase Custody services, so Coinbase employees will be handling the selling transactions for the US gov per their instructions.

Saylor and many other big players also use Coinbase Custody, so it's possible some of this BTC could get sold via OTC to other Coinbase clients directly. Or they could just dump it all on the exchange in a bunch of lots.
 

ghost_of_lewis_samuels

Phil Edwards status
Oct 27, 2019
6,478
4,249
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Transferred does not mean market sold. It just means they transferred from private wallet to coinbase wallet.

US gov use Coinbase Prime and Coinbase Custody services, so Coinbase employees will be handling the selling transactions for the US gov per their instructions.

Saylor and many other big players also use Coinbase Custody, so it's possible some of this BTC could get sold via OTC to other Coinbase clients directly. Or they could just dump it all on the exchange in a bunch of lots.
ya, i didn't mean that they did market sell. Just noting that the move may not be clear indication of why the price go down
 
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brukuns

Kelly Slater status
Mar 5, 2014
9,959
4,814
113
Sao Paulo/Brazil
I'm DCA'ing back in on these dips... slowly, I think there's some liquidity down under they are still going to tap before BTC truly takes off. but I can't be sure so DCA.
 

ghost_of_lewis_samuels

Phil Edwards status
Oct 27, 2019
6,478
4,249
113
I have been in the sol shitter trenches.

I can’t recall coins I flipped less than 24 hours ago.

I am not well, but my PnL is cozy.
How do you decide what to buy?

- I've had one home run and exited
- accidentally walked in to a scam and got drained for like 4k worth of assorted coins (had only paid about $200 for the stake)
- lost on 2
- break even and holding one


the home run was launched by a friend so i bought in at like a $4k marketcap and it went to 7 million all of the others were comparatively random