All the TA and FA in the world went out the window months ago and it's useless now. This is what happens when manipulation takes hold. All maps are useless, yes. Only those who can navigate these unchartered waters successfully will reach the promised land.
Sporia
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@cryptospawn, manipulation happened on the second run leading up to nov setting up for bear market just like 2017 you can figure out how it unfolds
cryptospawn
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@Sporia, agreed. In fact that second run up caught me completely off guard because it was so unexpected. But I had already liquidated everything into stables and fiat at the first peak in April 2021 so I was actually in a great spot, and I've been sitting still since then waiting for the impending proverbial dump since then. I don't know if it will go lower or how low it will go. But I know I'll have a great entry point even if I bought in now at the current prices.
CryptoTradingMania
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@cryptospawn, manipulation? lol you are so ignorany keep bagholding your trash coins
cryptospawn
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@CryptoTradingMania, I will only address those who clearly demonstrate to possess at least average mental acumen.
btaylorrunner
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Stop posting charts and go bag groceries. You said bulls are on the way, 47k this month. Now its 20k???
@btaylorrunner, no body is perfact specialy crypto , I understand the frustration on this board, most of you guys professionals, supose if someone say BTC will touch $ 10000. Any one believe ? But i do. Do your own research I know peoples with 40 years of experienced with all tools in the world he also can't predict perfectly always, only sometime hooked not always. Best of luck to everyone .
BDG
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We should get a bounce at 22k, which is the 200 weekly MA. Btc has never been below the 200 weekly MA for more than a day or two and rallied from there, like it did in March 2020. If it stays below this average then it could go really low. As everyone has said, BTC is being manipulated so you can throw TA out the window. It could go all the way down to 8k if 22k doesn't hold. It is very odd to see crypto falling like this when the dollar is being destroyed by inflation. Are they are trying to chase people out of crypto and back into the dollar? Speaking of manipulation, look at the price of silver, still at $21 and gold still around $1800. Although silver is still 21/OZ, retailers (Kitco for example) are selling silver for 28/OZ so it has a 33% premium over spot when buying bars. Silver eagles are selling for $37.73 and that is a a 79% over spot yet they are buying at $21.78 which is spot. They are making 79% spread on their silver coins. Ridiculous.