Speak for yourself. I can't believe you are not selling the highs and buying back the sell offs. And eventually there will be a high where there are NO MORE new highs. The crack last week (35>28) showed that there was already weakness in this rally. I honestly hope you sold around 40K, but it doesn't seem to be the case. So you will learn what happens to bag holders when they hold all the way down... Here is an advice. Find a Kagi chart and use the hourly, whenever it changes color, change position. It turned red at 39K yesterday... Wanted to post about it, but people don't believe me, so... Store of value, my ass. (Sorry, had to do it.) Since I am a nice guy, here is a live Kagi for you, because it is not easy to find: https://www.investing.com/charts/live-charts
Nobody cares about the CME. It's just a proxy for the old boys. Markets trades 24/7/365, futures, options, repos, swaps, all you want in size. The move is spot driven and we'll see if sentiment changes when we look at on chain data, vol, skew, term structure and forward curve after today. Right now it looks like people are gobbling up everything they can....
actually more. High was 41,900 low of today so far 30,200 tethers doing all they can to keep it afloat.
I am in BTC quite as a newb from $17500 dip and sold some at over $40000. IMHO you cannot just buy and hold because of these insane swings you must be in and out while holding some. You will come up as a winner on the whole. I have stopped my weekly auto-buy at coinbase.com and put in some bottom fishing orders, of which two of them hit this morning. I am a firm believer in this for the long haul but $17500 was just a recent time. There is no reason that we cannot test it. If not all the better, keep buying the dips and sell some on the extreme runs (overextended bars) always reverse.
Hey guys, so we don't start a new thread every time the price moves let's continue to unify the conversation in the ongoing Bitcoin Price Thread. Thanks.