No it's not. Hitting resistance on the way to another resistance isn't bearish. It's expected. Any asset emerging from a downtrend is going to hit resistance on the way up.

Did you really expect to go straight to the $13,000s without stopping?

Go ahead and open shorts at $80,000. I double dog dare ya.


Where are they coming from anyway? The Bitcoin.com forum? I was wondering if they were his alt accounts.

A second visit to the 200-week? I doubt it. That's a pipe dream. $6K will be rock solid, in fact I am starting to wonder if we'll get there at all.


Take another look at the chart. It's inverted.

I sure hope we can avoid the 50/200 MA cross ("death cross") on the daily chart. Those usually confirm a mid/long term bear market. They look to intersect pretty soon, maybe next week. A significant move down to the low $6,000s would be pretty threatening for that reason.

Where have you been? They got shut down by the US government 2 years ago. Check it out: https://www.justice.gov/usao-ndca/pr/russian-national-and-bitcoin-exchange-charged-21-count-indictment-operating-alleged

You could have gotten some money refunded in late 2017 but their successor site exit scammed. They are long gone now.

He's talking about printed fiat money, injected into the crypto markets. For example, the Fed is buying $60 billion of Treasury bills per month. That injects cash into the economy, some of which could find its way into crypto.

It depends on the strategy. Day traders will often use a 9/21 EMA setup to enter and exit positions. That's not my style though. I find moving averages too laggy to find big enough risk/reward trades that way.

I mostly use them as S/R. The 200 MA on the daily or the 20 MA on the weekly are often reversal areas, or at least bounce/pullback areas.

It just goes to show you how market sentiment goes. Rise $1,500 and everyone thinks we're going to the moon. Fall $2,000 and all of sudden we're headed to the earth's core. Chances are the reality won't be so extreme. I don't think we'll make it to $5K. I'm betting that any spike down into the $6,000s gets bought up pretty quickly.

We're in a bear flag. These patterns usually break down, hence the name. We've already been in this range for 2 weeks, building up supply for another big move down. I was originally aiming for $7K but the longer we hang here, the lower we could potentially go.

Sub-$6K is beginning to look possible.

Looks like that little pump earlier today didn't have legs. Just another lower high. How long before we drill below the $7,700s? My bet is it's coming in the next few days.

Things are looking increasingly grim for the privacy coin market. First Coinbase UK delisted ZEC, now the Korean exchanges are mass delisting privacy coins, citing the new FATF rules as the reason. If this trend continues, privacy coins won't be listed on the top tier exchanges at all. That bodes really badly for the price.

It pains me to say it, but I probably won't be looking at XMR for speculation any time soon.

This is cyclical. When the market is neutral or bearish, capital flows towards safer assets like BTC. When the bubble is in full swing (like late 2013 or early 2017) it flows into risk assets like altcoins.

Markets are cruel. They tempt you into selling bottoms right before the bull run. Don't sell the bottom this time.

Maybe they are, maybe not. Bitcoin bulls were shitting all over altcoins in 2016 too, making the same assumptions. Then the 2017 bubble happened.

I'm not willing to baghold anything down here, but I'm definitely keeping an eye on these charts. It might take a few more months for altcoins to bottom out but I'm seeing signs of accumulation.

I'm seeing some relative strength vs. BTC in some altcoin charts. Ethereum, Ripple, Stellar to name a few, steadily rising for the past month. Seems odd considering all the blood in the BTC market. I would have expected altcoins to fall harder.

Could that indicate we're close to a bottom in altcoin/BTC charts? Is this guy onto something with his market vision?

If you believe the headlines, quantum computing is a pretty big threat. Maybe not today, but in a decade or three.

I'm aware that we can switch to quantum-resistant cryptography like Lamport one-time signatures, but there is an equally large problem that's gone unaddressed: What do we do about the several million BTC that will remain vulnerable because they are still in ECDSA-secured pubkeys/pubkey hashes? Like the Satoshi coins......do we destroy them?

If not, millions of coins will get stolen and dumped on the markets for years and years. Being a HODLer sounds like a nightmare in that case!

I'm considering it. They got some bad press recently over this scandal but I'm not sure that's enough to keep me from switching.

0.16% maker fees are looking pretty sweet right now!

So what are the options now for US traders? Coinbase Pro is my go-to fiat gateway but there's got to be cheaper options now. Binance.US and Kraken look cheaper, Gemini does too.

Any opinions about those exchanges? Any others that are worth looking into? Preferably with ACH deposit/withdrawal.

Mark me down for $7,510!

Boring times coming,
Moonboys will be disappoint.
Sideways time is now.

I think ranging $6,000 - $9,000 next few months.

I spent $7 buying "Crypto" on Amazon. It was a thriller about a money laundering ring that utilized Bitcoin. It was probably one of the worst movies I've ever seen. I wish I could have those 2 hours of my life back....

https://www.amazon.com/Crypto-Beau-Knapp/dp/B07QFSB1F5

Buy the dip where? Here? $6,000? It makes a pretty big difference. You could possibly get 20-30% more coins by waiting. Much more if we're actually entering another bear market.....

I agree with him that it seems like "sell the bounce" time. $9,000s or a wick above $10K if we're lucky.