Like Dan Ackroyd's character said in Trading Places, "Now."
Has BTC reached a local maximum at 5,000?
1–10 of 13 posts
Re: Has BTC reached a local maximum at 5,000?
#2Lol, no. The market cap is far away, there's just a dip. It will dip further and then it will go up till 6 k
Re: Has BTC reached a local maximum at 5,000?
#3Lol, no. The market cap is far away, there's just a dip. It will dip further and then it will go up till 6 k
What does "Lol, no." mean? You seemed to have described a local maximum with "It will dip further".
I'd speculate on selling 5k-5.5k which may have passed, or maybe not, and buying below 2k depending on how the downtrend shapes up. My stop loss for this single idea is from 5.5k-6k.
Re: Has BTC reached a local maximum at 5,000?
#4Lol, no. The market cap is far away, there's just a dip. It will dip further and then it will go up till 6 k
What does "Lol, no." mean? You seemed to have described a local maximum with "It will dip further". I'd speculate on selling 5k-5.5k which may have passed, or maybe not, and buying below 2k depending on how the downtrend shapes up. My stop loss for this single idea is from 5.5k-6k.
I sold eth on 390 ( top was 391), bought again at 370. Thought it was going to dip < 300. It only reached 320 or so
Re: Has BTC reached a local maximum at 5,000?
#5Lol, no. The market cap is far away, there's just a dip. It will dip further and then it will go up till 6 k
What's a "market cap"? Are you talking about the market peak?
Re: Has BTC reached a local maximum at 5,000?
#6Earlier quoted context omitted.
What does "Lol, no." mean? You seemed to have described a local maximum with "It will dip further". I'd speculate on selling 5k-5.5k which may have passed, or maybe not, and buying below 2k depending on how the downtrend shapes up. My stop loss for this single idea is from 5.5k-6k.
I sold eth on 390 ( top was 391), bought again at 370. Thought it was going to dip < 300. It only reached 320 or so
Why did you buy at 370 if you thought it was going to dip to 300?
It's going to drop further, Nico.
Re: Has BTC reached a local maximum at 5,000?
#7Earlier quoted context omitted.
I sold eth on 390 ( top was 391), bought again at 370. Thought it was going to dip < 300. It only reached 320 or so
Why did you buy at 370 if you thought it was going to dip to 300? It's going to drop further, Nico.
Yes, indeed. I thought it was already recovering :p
Re: Has BTC reached a local maximum at 5,000?
#8Re: Has BTC reached a local maximum at 5,000?
#9Bag holders will get smoked. The higher it went the more uninformed got on board, many of which were invariably using leverage indirectly or otherwise.
Far cry from erlang dude telling me to mine BTC when it was still under a buck. Something about a whistleblower who got away...
This game has been around for a long time. Once Goldman and others got involved in earnest it was over. At least they've advised market makers and the public that the buy range is below 2000. That's why I said it on my other account; my chart analysis cooborates that support is way the fuck down there.
I'm still incorporating outside info in some form as it becomes applicable. and it's applicable here..
Manage risk.
Re: Has BTC reached a local maximum at 5,000?
#10If bounce try sell around 4400-4500. Keep in mind the main idea is still to sell up to 5500, stop loss above