From a macro stand point Bitcoin is still riding its bull market highs from last week. We had a bigf 7% fall that occurred a few days ago.. the market as a whole has been hurting since. My biggest concern is that we might be developing the same kind of bear consolidation pattern that we did back in March (the blue box on the left) that happened before the bear market came into play (April-July 2021). I didnt want us to break 58,000 since that was our consolidations support point. And it looked like we were at least going to stay in consolidation (which is fine compared to the bear alternative) to the point where we would see slow bounces inside but eventually leading us back to the top for new continued ATHs. I do not know what we are going to see from BTC from here but I do not have the same positive outlook I had weeks ago. Keep an eye on your bags, dont sell if you dont need the funds (you shouldnt) and HODL on tight.. if a big fall happens so be it.. will it return even stronger?????? AB-SO-LUTELY. Cheers
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I just noticed my box on the right says 'a pear market' instead of 'a bear market' and honestly I am cracking TF up right now hahahahaha... Next week we will go into an apple market!! followed by a grape consolidation...
Awwww yeah, this guys a professional!! Look at those sexy blue boxes!
ConqueringCrypto
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@Turtle_Lightz i wanted to make you proud!! You see the bloodbath in this market man? Wild af
Turtle_Lightz
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@ConqueringCrypto, Yeah I feel like there are some rumblings in the cryptoverse right now. Talk of amazon taking (possibly even switching to) crypto payments. Whales popping up in places like SHIBA and MANA (Damn I wish I kept my MANA). I think there is still a bullish rally coming our way this year but one never knows. I'm a long term holder more than a day trader so dips don't bother me, just money on sale.
ConqueringCrypto
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@Turtle_Lightz where did u see the amazon taking payments thing? I remember seeing that rumor a while back but then it was bogus. I sold my damn mana yesterday now im kicking myself of well.. i hold over 60 coins and securities some to scalp some to day trade some to swing and some long term. I also do way more than just crypto. Dips only both me when i have margin trades open (like right now) but other than that heck yea man it’s a sale.
@Turtle_Lightz, Yea now that was something interesting. The first I heard they were looking for developers was from someone in my group around the end of Sept. The problem is not much has come of it yet. Theres an area its like 'amazon dot com / blockchain' or something like there where they go over crypto and blockchain and all sorts of crypto stuff. Even NFTs. It's almost as if they are trying to sell it to future developers. Not exactly sure what it all means yet. It would be AMAZING for the cryptoverse as a whole if Amazon started to collect crypto as payment. Even just Bitcoin would change the landscape immensely for the positive. And honestly I think we are headed that way. If you want my opinion the sooner the better. Hopefully all these 'hints' actually lead to something of merit instead of just being breadcrumbs with dead ends and scattered info.