Cryptocurrency market trends I

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elite1337

elite1337

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Apollo

Apollo

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Don't sell here if you haven't yet, the daily RSI is at rock bottom. There will be a scam bounce in a few days. Sell then if you are scared from crypto volatility.
 
Apollo

Apollo

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kickz said:
Its actually almost at the 28k I mentioned a few pages back :lolbron:

This is an epic Black Friday sale
Click to expand...

I don't think BTC will close under the 200 day simple moving average (currently at $39,700) for more than 3 days.

This price action is fucking with people who think the 200 day MA is support and it is tricking 28K bears from not providing support.
 
Apollo

Apollo

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Fuckin' hell I was right, but didn't have the guts to short.

Next time the Pi Cycle hits I am going to short this b!tch following this strategy:

Apollo said:
This is the secret sauce how to turn an expected crypto bear market into a shorting bull market:

www.lookintobitcoin.com

Pi Cycle Top Indicator | LookIntoBitcoin

Pi Cycle top is a free live data chart for Bitcoin. This indicator has picked the top of previous $BTC market cycles to within 3 days.
www.lookintobitcoin.com www.lookintobitcoin.com

A few weeks after the second 2021 Pi Cycle Top on BTC (expecting Q3 or Q4 2021), put on a short during a high RSI rating on the 4 hour chart (near top of a relief rally, would be like shorting BTC around 16-17K on Jan 6th 2018), then sit back and relax as prices dump.

^ This strategy worked for the 2013 top and for the 2017 top,
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Apollo said:
@Ghengis Kaarhis @Dawo

A big if.. but what if we never get a second Pi Cycle top and that 65K top during the Coinbase listing was the top?

Then this strategy is already in effect on a short from $58,000.

Oooh sheeeeit.

#FUD
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My gut instinct was correct here, BTC at $58,000:

Apollo said:
I want to short BTC here, but I am too chicken to short up only cryptos.

Shorting stocks is so much more comfy. Shorting cryptos will give you nightmares about being rekt the next day.
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I think I am naturally a better bear than a bull. I also called the 2018 bear market.

2018 will be a crypto/Bitcoin BEAR market

For any of you tards holding cryptos, sell, divest, get rid of it. 2018 will be a BEAR market for cryptos. Posting this for the historic record. #Voodoonomics
www.somalispot.com

I can't wait for the real bear market (2022). I have a feeling this is not the real bear market.
 
kickz

kickz

Engineer of Qandala
SIYAASI
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Apollo said:
Fuckin' hell I was right, but didn't have the guts to short.

Next time the Pi Cycle hits I am going to short this b!tch following this strategy:





My gut instinct was correct here, BTC at $58,000:



I think I am naturally a better bear than I bull. I also called the 2018 bear market.

2018 will be a crypto/Bitcoin BEAR market

For any of you tards holding cryptos, sell, divest, get rid of it. 2018 will be a BEAR market for cryptos. Posting this for the historic record. #Voodoonomics
www.somalispot.com

I can't wait for the real bear market (2022). I have a feeling this is not the real bear market.
Click to expand...

I agree we still have more bull run to go, this is an epic shakedown though. Perhaps Zuckerberg or Bezos is getting his forced discount right now
 
Apollo

Apollo

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kickz said:
I agree we still have more bull run to go, this is an epic shakedown though. Perhaps Zuckerberg or Bezos is getting his forced discount right now
Click to expand...

I will put in an extra layer of complexity: I think I will follow that strategy in either late 2021 (December) or Q1 2022, but will use put options on Coinbase and MicroStrategy instead (safer).

Pi Cycle Top on BTC followed by a relief rally with a high RSI rating on the 4 hour chart a few days/weeks later has never in BTC/crypto history failed to be the perfect shorting opportunity.

It worked recently and worked in 2018.

Hopefully a second chance later this year or early next year.
 
Apollo

Apollo

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This price action as of late shows BTC is far away from being the global reserve asset. It still acts like a speculative fomo/meme stock.

Gold never has -40% dips in a few days, neither does the Euro or the Yuan.

Maybe at 1 BTC = over 1 million USD will it stabilize.
 
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