Bitcoin Thread

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The past few months of BTC price and volume action really are textbook examples of these kinds of instruments in the digital marketplace. :)
 
42-43k is an important resistance to hold - if that breaks, we're in for a bumpy ride. The biggest issues right now are all external: stock market, inflation/tapering and omicron. More negative news will drive down cryptos. The next few days are going to be really volatile, but I do think it will hold around 45k - 55k with mostly sideways movements.
 
Looks like the best BTC can hope for now is a double bottom W reversal. So will then probably still dump to $45K±, make a higher low and then I'm expecting a failed retest of previous support around $52K before some more consolidation. There is too much fear in the market to just recover now and turn bullish.

The $42K flash crash candle has set the consolidation range for now. Won't dump below that at least before Bulls making a push higher. Alts can easily drop another 20% from here.

All eyes on the stock markers and DXY.
 
No one told me cryptos is so stressful .... So im using luno. If I want to buy on the dip which one must I buy ?
 
No one told me cryptos is so stressful .... So im using luno. If I want to buy on the dip which one must I buy ?

I'd say ethereum, eth 2.0 coming out mid next year, ethereum is being burnt through the fee mechanism so it's becoming deflationary and I think about 25% is locked into smart contracts so a decent chunk is not in circulation, also ethereum has been outperforming bitcoin for 2 years now so it's looking strong.
 
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