drbubb 0 Report post Posted April 19, 2021 MONITORED the MOVE! The Bitcoin Uptrend broke over the weekend : 6mo : from March 1, 2020: High: 65,520 10d: Last: $56,095 xx (LOOKING BACK): I was sharing these charts and comments just after that apparent Top - on my viber chat On April 18th, I posted: "TEST of BTC uptrend line may come very soon now BCH is already melting down, and is below $1000. ( I am hedged now on the half of BCH that I did not sell at over $1100.)" BTC near $61,000, with a big test coming soon. Bitcoin Is a Hallucinogenic That May Destroy Idea of Money: Jim Rickards' Pre-Debate Breakdown == Quote Share this post Link to post Share on other sites
drbubb 0 Report post Posted April 23, 2021 HOW BITCOINERS THINK - Peak Psychology? I worry that they want to BULLY people into hodling BTC, rather than using sweet logic & reason How they see the future... How they see the present, as prices begin a slide below $60,000 Sell your Bitcoin if you're going to be having a hemorrhoid every time Bitcoin drops. This is not a crash, not a plunge... This is nothing, and if you don't get that, you are going to be miserable owning Bitcoin. > source: Quote Share this post Link to post Share on other sites
drbubb 0 Report post Posted April 23, 2021 FULL: Bitcoin vs Gold Debate Michael Saylor & Frank Giustra - April 21st 2021 > https://www.youtube.com/watch?v=CdKJLBPnOC8 ( Video unavailable. This video is no longer available due to a copyright claim by Stansberry Research.) Comments: + I am at 36 minutes, and I do hear Saylor addressing the Govt THREAT risk, which is real, and almost certainly inevitable + THREAT of Govt attack: Saylor's rebuttal: "As soon as one govt buys BTC for their reserves, the price is going to rip." So very telling, that he does not say "IF..." He assumes away the risk! (Listen, people. Be discerning, do not be Buffaloed!) + Frank missed an important point. BTC isn't scarce. There are lots of near-identical clones, and it is easy to copy. It is very possible that one of clones may one day get enough traction to beat the leader. This point crushes Saylor's repeated claims about BTC's amazing technology, Quote Share this post Link to post Share on other sites
drbubb 0 Report post Posted April 23, 2021 BEFORE the Debate, BTC was $61,000. Now it is about $51,000. That's a 16% drop. But "Saylor won", the Bitcoiners are saying. Hmm Quote Share this post Link to post Share on other sites
drbubb 0 Report post Posted July 24, 2021 btc down to $33,000 after testing $30,000 - now near half the peak i have shifted most of my remaining 5% of original btc position into bch very limited volume in bch now My own little obsession. haha. Not really recommending. But percentage up move could exceed btc... if buyers come in. At $457, bch is 72.3% below the peak near $1,650 Quote Share this post Link to post Share on other sites
drbubb 0 Report post Posted July 25, 2021 BALT INDEX Bitmex has recently launch an Index - a Basket of Cryptos Quote Share this post Link to post Share on other sites
drbubb 0 Report post Posted August 18, 2021 Is the Bitcoin Bounce over? 65k - 30k= 35k drop. 50% retrace= 17.5+ 30= 47.5k; 62% retrace= 21.7+ 30= 51.7k Bitcoin... update: 4yr: Last $45k 4yr: Last $47k ALL data === Quote Share this post Link to post Share on other sites
drbubb 0 Report post Posted September 6, 2021 On 8/19/2021 at 7:40 AM, drbubb said: 65k - 30k= 35k drop. 50% retrace= 17.5+ 30= 47.5k; 62% retrace= 21.7+ 30= 51.7k ; 62% retrace= 21.7+ 30= 51.7k === Quote Share this post Link to post Share on other sites
drbubb 0 Report post Posted September 21, 2021 That 51.7k was the level I calculated for the Countertrend rally. Which is done now, I reckon/ Now we need a C wave down to $30K or even $20K $20k Bitcoin is next after hitting $52k, Gareth Soloway’s target Soloway had previously called the top of $52,000, which was then the neckline of a head and shoulders pattern. Now, he is calling for a pullback to even lower levels, as low as $18,000 to $20,000 a coin, before a bounce back. The exception to this would be if Bitcoin tops $65,000, breaking the previous all-time high; only then, would upside momentum be confirmed, Soloway told David Lin, anchor for Kitco News. “We’re seeing a follow-through today. We haven’t really taken out the low-pivot from that down day, that’s the technical level I’m watching right now. If that gets taken out, then you’re likely going down to the $40,000 to $41,000 level right here, and then all the way down to $30,000. You guys know my longer-term projections…eventually you’re going to get to the $18,000 to $20,000 marker on Bitcoin,” he said. On the stock markets, it’s unlikely the S&P 500 will make new highs from here for the foreseeable future, Soloway said. “One of the big technical things here is that this market has for the first time, since March of 2020, when the low was put in, it has made a lower low. That is a fundamental change in the trend of the market,” he said > https://www.kitco.com/news/2021-09-20/-20k-Bitcoin-is-next-after-hitting-52k-Gareth-Soloway-s-target.html Quote Share this post Link to post Share on other sites
drbubb 0 Report post Posted May 9 Bitcoin back below $33,000 - Cut in Half! Bitcoin futures ... 2020: update / Last: 32,840 - $3,085 / 52 week range: $28,800 - $69,355. Quote Share this post Link to post Share on other sites
drbubb 0 Report post Posted May 11 A Beautiful clear chart! Covered 3/4 of my hedge in this last slide. If the channel holds, this will be the perfect time to be long again. Boosted my BTC by about 50%, by shorting higher to hedge the drop we have seen now. Longer Term, back to 2016 Suggests further potential downside to $20,000 maybe Bitcoin's crash won't stop until $20k, can gold and silver survive? Northstar & Badcharts == BTC 5yr chart / Last: $28,600 BTC looks like it might be headed to $20,000 (eventually) on this chart too. Shorter term, there may be decent support between $26-27,000 ... 10d / Last: $27,050 Quote Share this post Link to post Share on other sites
drbubb 0 Report post Posted May 12 LUNA CRASHES -97% ! in one day The collapse of Alt-Cryptos like LUNA has been truly stunning! In 2 days from $60 to $0.42... and lower BOT - took tiny Crypto positions as follows:ETH , ave. price: $1855 . Now:$1849LUNA ave. price: 0.235. 0.257 LUNAUSDT Perpetual : USDT 20x 0.257 -97.00% $4.67M vol. Luna Nosedives Under $2, Loses 98% Of Its Value As TerraUSD Struggles To Regain Its Dollar Peg / Following a day in which teetering stablecoin TerraUST (UST) bounced around $.90, it resumed its free-fall overnight to approach $0.30 before recovering partly to $.43 this morning. ... LUNA is down a staggering 98% in the past five days, which has seen its market capitalization lose $25 billion this week. Today attention will focus on whether the Luna Foundation Guard, led by founder Do Kwon, will be about to recover from this downward spiral. The Block reported yesterday that the team was in talks to obtain $1 billion in additional collateral from unnamed hedge funds and market makers. However, that has not come to fruition. This morning, Kwon expressed support for a new community-driven plan that will mint additional LUNA in an effort to absorb the excessive UST sell-pressure. However, even if this succeeds, it will likely require LUNA’s biggest backers, which include prominent crypto shops such as Pantera, BlockTower, and Galaxy to endure additional haircuts. > https://www.forbes.com/sites/stevenehrlich/2022/05/11/luna-nosedives-under-2-loses-98-of-its-value-as-terraust-struggles-to-regain-its-dollar-peg/?sh=162311244c1f Quote Share this post Link to post Share on other sites
drbubb 0 Report post Posted Saturday at 08:20 AM It has been a bloodbath week, as some called it, for the crypto market. Stablecoin USDTerra, or UST USTUSD, 21.42%, once among the top 10 largest cryptocurrency by market cap, lost its 1 to 1 peg against the U.S. dollar, falling to as low as 6 cents on Friday, according to CoinDesk data. LUNA LUNAUSD, 62.50%, another cryptocurrency backing UST, fell nearly to zero from over $80 in early May, with its market capitalization shrinking by more than $40 billion from early April. It marks “the largest wealth destruction event in the short history of the crypto markets,” since bitcoin was created in 2019, crypto trading firm QCP Capital wrote in a Friday note. > https://www.marketwatch.com/story/crypto-winter-for-the-summer-how-a-bitcoin-market-in-extreme-fear-compares-with-the-past-and-what-to-expect-next-11652478402 Cryptocurrency luna crashes to $0 as UST falls further from dollar peg The sister token of controversial stablecoin TerraUSD is now basically worthless. Luna plunged to $0 Friday, according to data from CoinGecko, marking a stunning collapse for a cryptocurrency that at one point was worth more than $100. The demise of controversial stablecoin venture Terra has resulted in a meltdown in the crypto market, which erased billions of dollars in value in a single day. TerraUSD or UST, is supposed to be pegged one-to-one with the U.S. dollar. UST has however lost its peg and on Friday was trading at around 12 cents, according to data from CoinGecko. Bitcoin staged a rebound on Friday, jumping above $30,000 despite the ongoing woes ... > https://www.cnbc.com/2022/05/13/cryptocurrency-luna-crashes-to-0-as-ust-falls-from-peg-bitcoin-rises.html Quote Share this post Link to post Share on other sites
drbubb 0 Report post Posted Saturday at 08:41 AM BITCOIN CYCLES Downturn seems not done yet, based on timing and extent of retracement Bitcoin Futures ... All: 2yr: 1yr: 10d / Last: 29,765 52 wk.: 28,105. to 69,355. === Quote Share this post Link to post Share on other sites
drbubb 0 Report post Posted Saturday at 08:47 AM (why did this "billionaire" never learn to read a cyclical chart like the one above ) Will Bitcoin Billionaire Investor Michael Saylor End up at McDonald's? The MicroStrategy CEO and biggest corporate owner of bitcoin is HODLING for the long haul, come bull or bear market. The reason MicroStrategy is so long on bitcoin is because its 57-year-old billionaire CEO, Michael Saylor, had an epiphany in 2020, when COVID-19 had shut down most of the country. Bitcoin, he tells me, "is an approximation of a perfect monetary system because it is correct. It has no inflation in it. It's not corruptible because it's decentralized." He believes bitcoin is the last, best hope of creating an economy that is independent of the machinations of politics, central banks, and connected investors who rig the system to benefit themselves at the expense of regular people. While the economy tanked due to external factors, Saylor directed MicroStrategy to keep buying bitcoin regardless of the price. The company is committed to "hodling" for the long term, a position Saylor believes in now more than ever as inflation takes hold. And he's still saying that today, even as bitcoin has slid down to just $31,000 as I write this—down from its peak of almost $68,000 last November. The video version of Reason's interview with Michael Saylor. > https://reason.com/podcast/2022/05/11/will-bitcoin-billionaire-investor-michael-saylor-end-up-at-mcdonalds/ Quote Share this post Link to post Share on other sites
drbubb 0 Report post Posted Sunday at 10:01 AM Bitcoin vs. Gold Bitcoin vs. Gold and GLD ... from 5.12.17: 12.25.20: 5yr: 3yr: 2yr: 1yr: 10d/ $29.765 / $1812 = r16.4, / $169 = r176.1 : 12.25.20: 5yr: 3yr: 2yr: 1yr: 10d/ $29.765 / $1812 = r16.4, / $169 = r176.1 Bitcoin to Gold Ratio is "well-behaved" and a BUY at r-15.0 === Quote Share this post Link to post Share on other sites
