Btc 40.5k.... crash helmets on, crypto bulls r fkd https://www.cnbc.com/quotes/BTC.CM= Not to say I told you so.... : p Not a recommendation but if I were long btc/crypto I would use 39.5 as stop, and not rebuy til it recovers 42.5
dang bro, i've been quoting you a few times you disappeared but only appear after there's been a huge selloff which BTW is caused by margin calls from stock market investors imo, lol Btc closed green today after stock market closed but then turned red, because all the margin calls were sent to the stock market gamblerz I see you're the kind of trader that only enjoys when most people are losing money so you like to play the short side good for you, dude, hope you're happy coz there's going to be more of these crashes in the stock market and cryptos and all markets J. Powell has strict order to go after inflation Pop the champagnes @KCalhoun You've been waiting for this
Actually I'm happy when traders Make money. Buying ath in a pandemic was never a good long term idea, though I missed a lot of swing long opportunities last year bc of my pessimism. I'm hoping to triple my $ with inverses if selling continues, and wish everyone the best! Update 9pmET btc sub 40k. Crypto goes to hell now lol
Now it is seeking the next support level. It was down during the recent US and Asian sessions. It might go even lower during the coming European session. There will be many happy faces and sad faces.
If you are putting money in cryptos you need to be an investor not a trader. With all the fluff and crap out there it will take time to see real growth in the asset depending on what functions the crypto you are looking at is used for. In other words you cannot value Dogecoin since it is based on idiots and memes but ETH and Solana which work with platforms give you more information on what potential value over the LONG TERM there is.
No need to lament Ken. I've got buy orders laddered every 2K down to 20K with a 3 year time horizon. Just keep calling the breakdowns when you see them so I know when to ladder some buy orders.