Guess the bottom

Discussion in 'Crypto Assets' started by Ed48, Jun 20, 2022.

Your prediction

  1. $18k

    0 vote(s)
    0.0%
  2. $16k

    0 vote(s)
    0.0%
  3. $14k

    11.5%
  4. $12k

    15.4%
  5. $10k

    23.1%
  6. $8k

    3.8%
  7. $6k

    3.8%
  8. $4k

    0 vote(s)
    0.0%
  9. $2k

    3.8%
  10. $1k or below

    38.5%
  1. Trader Curt

    Trader Curt

    Exactly, just as the technicals tell us where these zones are
     
    #11     Jun 20, 2022
  2. Handle123

    Handle123

    I think the guy holding the most Bitcoins hired actors and paid for as many spots he could for Super Bowl commercials so he could start dumping his position at a fine price.
     
    #12     Jun 20, 2022
  3. SunTrader

    SunTrader

    So he waited till price dropped more than $25k, then sold.

    Doubt it.
     
    #13     Jun 20, 2022
  4. SunTrader

    SunTrader

    Technicals look at the past where buying and selling took place and estimate probabilities they may take place again at those points. The only hindsight is the data used.
     
    #14     Jun 20, 2022
  5. nitrene

    nitrene

    36% believe it is going to below 1000? No way. Too much institutional money for it to go to $1K.

    BTC will bottom when the ARKK stocks do. Probably at a 10-yr rate of 4-5%.
     
    #15     Jun 20, 2022
  6. SunTrader

    SunTrader

    30 year FreddieMac mortgage is 5.78% as of this past Thursday.
     
    #16     Jun 20, 2022
  7. nitrene

    nitrene

    The 10-yr is still only around 3%. My guess is the long term inflation rate is probably closer to 4-5% so that is probably the terminal rate for this cycle. I mean November 2020 was when the vaccines came out so 2 years after that the CPI should go down to like 4-5%.
     
    #17     Jun 20, 2022
  8. deaddog

    deaddog

    What institutional money?
     
    #18     Jun 20, 2022
  9. Trader Curt

    Trader Curt

    True, and those price points will more than likely be true in the future since many other traders will be looking at the same price point indicators that we do, making it a self fulfilling prophecy
     
    #19     Jun 20, 2022
  10. Overnight

    Overnight

    Indeed, and it makes you wonder why support and resistance levels form there they do. If everyone agrees that a resistance level is at X, and everyone then sells at X, it truly becomes a self-fulfilling prophecy that X is the resistance.
     
    #20     Jun 20, 2022
    Trader Curt likes this.