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Thread: The Bitcoin Tracking Thread

  1. #1161
    Chatmaster Flash vacuum's Avatar
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    Re: The Bitcoin Tracking Thread

    Quote Originally Posted by vacuum View Post
    Edit: this new moon on December 4th is a solar eclipse. So it could be pretty volatile. Might not be bullish.
    Looks like the new moon/solar eclipse did indeed nuke the market.

    I think that we recover from here, but we’re on a time clock.

    I’m planning on exiting all markets by January 31st.

    February 2022 will be bad imo. I can share various reasons why, but it comes down to astrological reasons, fed tightening reasons, traditional market reasons, and more. It’s just a bad month.

  2. #1162
    Unobtanium Shami-Amourae's Avatar
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    Re: The Bitcoin Tracking Thread

    Personally I've been derisking into cash. Only selling off poor performing altcoins, and/or coins that have had major run ups. There's a good chance Bitcoin goes up to $53K or higher in December/January (but not up to $69K) then dumps to $25K. Like a Complacency Shoulder. All time highs are possible but unlikely, the market structure is pretty screwed up right now.
    Another possibility is we're in an Wyckoff Accumulation Phase like we had from May-July 2021. The longer we stay in the current range the more likely we break All Time Highs (unlikely right now).

    I personally don't think its a good time to buy anything unless its a good quick trade. The Fed is setting things up to be more deflationary so a lot of smart people are going more into cash right now, despite the inflation. Gold/Silver will likely crash first (Deflation) then skyrocket after (Inflation in response to Deflation).

    I'm very bad at predicting prices short/medium term honestly so don't take anything I say seriously. You should listen to people much smarter than me on those issues.


    I strongly recommend you get on Twitter and use it daily. Don't interact, just lurk.
    Here's my updated list of people to follow and pay CLOSE attention to (turn on Notifications):

    BEST
    https://twitter.com/Pentosh1/with_replies
    https://twitter.com/ThinkingBitmex/with_replies

    ChimpZoo AKA ThinkingBitmex likes to run "SPACES" which are a live audio chat on Twitter. The only problem with SPACES is its live and there's no recording, so if you miss the link you're screwed. He does these daily with a bunch of very smart people, sometimes including Pentoshi. He also has a Discord where Pentoshi also hangs out at too.
    Pentoshi is THE SMARTEST PERSON IN CRYPTO. Period. This guy is ridiculously smart.

    ChimpZoo's Discord: https://discord.gg/CZpvyPNDHr



    GOOD
    https://twitter.com/zhusu
    https://twitter.com/blockchainedbb/with_replies
    https://twitter.com/permabearXBT/with_replies
    https://twitter.com/lightcrypto/with_replies
    https://twitter.com/enchiridion47/with_replies
    https://twitter.com/CryptoNick_1 (he is documenting possible Wyckoff pattern)

    I honestly don't know what will happen with the markets I'm just sharing my opinions. Don't try to chase gains. If you see something going up don't buy it since you've already missed that train. Almost all the crypto I bought is from 2020 after March. I buy at the pico bottoms and sell as prices go up.
    If you're buying right now you should only do it as short term trades IMO. Pentoshi has said Bitcoin will likely go to $25K in 2022.


    It's very hard to say what's going to happen with crypto in 2022. Likely it will be an up/down sideways year where we range between $25K to $60K like we did in 2021. Just be prepared for that. This could change too buy it's based on the Fed's currently stated policy. If there's more lockdowns and stimulus checks sent out Bitcoin easily will crack $100K. The Crypto market is also heavily correlated to the S&P right now.

    Currently Monero is a HORRIBLE investment which I mentioned before. It MIGHT get you rich one day, but it will also hide your wealth. One option is to buy Monero, then buy something else with it on an anonymous exchange with a VPN. That way you can have crypto no one can know about. I hold a shit ton of Monero but that's since I'm a cypherpunk (true believer in the "cause".) I view Monero as a train that hasn't left the station. It's smart in my view to invest in projects that could skyrocket one day under the right conditions. That's how I've made most of my gains -- it's called "Fundamentals Investing".
    Monero (+ privacy coins) is the only legitimate use case for Crypto. Everything else other than Bitcoin and Stablecoins (and their algorithmic pegs like LUNA) are scams. Cardano, Avalanche, and Solana are scams.

    The entire NFT and Metaverse stuff going on is a fake pump and dump by VCs (Venture Capitalists). These are giant scams.

    For example with my Fundamentals Investing strategy I was buying Cardano from $0.02 to $0.08 over a long period of time, many months. I viewed it as a train that had not left the station, then one day it went to $3.09.
    Privacy Coins tend to be horrible investments, but randomly skyrocket out of the blue. High risk, high reward.


    By the way. If Bitcoin does drop below $30K BUY THEN. I'm accumulating cash right now to buy if Bitcoin goes that low. That's likely they cheapest entry point you'll ever get in on Crypto from now on.
    Crypto is highly volatile, but that volatility is why you get such amazing gains. Always remember that.

  3. The Following 4 Users Say Thank You to Shami-Amourae For This Useful Post:

    Amanda (1st January 2022),AndreaGail (23rd December 2021),Bigjon (5th January 2022),vacuum (23rd December 2021)

  4. #1163
    Unobtanium Shami-Amourae's Avatar
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    Re: The Bitcoin Tracking Thread

    Both Pentoshi and ChimpZoo think Bitcoin will have a swing up to $54-60K possibly.
    This is probably your best chance to de-risk and sell out if you haven't.

    If what your holding is something you want to hold for many years (Like Bitcoin or Monero) its up to you if you want to hold through a possible Bear Market.


    If Bitcoin gets over $53K a lot of people will think we're out of the Bear trend and going to all time highs. This is likely where a complacency shoulder forms, or the head and shoulders.
    By the way I'm not saying we are or aren't in a Bear market. It's just the probabilities is we are in one or going into one. If we do go higher (unlikely) I don't think it goes over the $80K region.

    Gold is unironically the place to be when you cash out or stocks that politicians own.

  5. The Following 4 Users Say Thank You to Shami-Amourae For This Useful Post:

    Amanda (1st January 2022),Bigjon (5th January 2022),osoab (31st December 2021),vacuum (31st December 2021)

  6. #1164
    Chatmaster Flash vacuum's Avatar
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    Re: The Bitcoin Tracking Thread

    Looks like you were right Shami about this being a potential Wyckoff accumulation.

    It appears we are headed for the spring over the next 1.5 weeks. If we slowly bleed down to the low 40s, I値l be buying in heavily.

    Regarding pentoshi and chimpzoo痴 thoughts about a last push up to $54 to $60k, I知 not sure I agree with them. Their trading is great, but I don稚 know if their macro predictions are as good. I think their tactical calls are great though (well pentoshi that is. I知 not super impressed with chimpzoo yet, still following him though).

    I do have some ideas on macro for 2022 which I値l try to post. May do it in the finance forum to post pictures. Short answer is I知 pretty bullish early in the year, but fall is scary.

  7. #1165
    Chatmaster Flash vacuum's Avatar
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    Re: The Bitcoin Tracking Thread

    Buy this weekend. BUY BUY BUY!

    Next week we should break out. Minimum we are going to $51k within 2 weeks.

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