6 replies to this topic

[slupert]

Bitcoin Death Cross 2021 Is Here, but There Is Nothing To Fear By CoinQuora (investing.com)

[Rogerdodger]

Doggy Coin crashed today to $0.17

 

Bitcoin sees 6th straight week of outflows -CoinShares

 

Jim Cramer sells 'almost all' of his bitcoin as prices hit 2-week lows on China crackdown.
 

As bitcoin hit two-week lows Monday, CNBC's Jim Cramer said he "sold almost all" of his bitcoin, citing concerns over China's crypto mining crackdown and ransomware attacks.

"Sold almost all of my bitcoin. Don't need it," Cramer told CNBC's "Squawk on the Street" on Monday.

Bitcoin began the week with another significant selloff. The cryptocurrency neared the $30,000 level after China intensified its crackdown on crypto mining. At the time of writing, bitcoin was trading at $32,730, down nearly 5% on the day, after hitting a daily low of $31,744.

 

PS: I sold all of my Wooden Nickels. Termites from China got to them.

Edited by Rogerdodger, 21 June 2021 - 08:10 PM.

[slupert]

Doggy Coin crashed today to $0.17

 

Bitcoin sees 6th straight week of outflows -CoinShares

 

Jim Cramer sells 'almost all' of his bitcoin as prices hit 2-week lows on China crackdown.
 

As bitcoin hit two-week lows Monday, CNBC's Jim Cramer said he "sold almost all" of his bitcoin, citing concerns over China's crypto mining crackdown and ransomware attacks.

"Sold almost all of my bitcoin. Don't need it," Cramer told CNBC's "Squawk on the Street" on Monday.

Bitcoin began the week with another significant selloff. The cryptocurrency neared the $30,000 level after China intensified its crackdown on crypto mining. At the time of writing, bitcoin was trading at $32,730, down nearly 5% on the day, after hitting a daily low of $31,744.

 

PS: I sold all of my Wooden Nickels. Termites from China got to them.

LOL!

[CLK]

They're really defending that 30k level, it's no use though, it will fail soon and
drop to 20k, they might try a bounce there ,but it will drop to 10k and I expect ultimately 6500-7500. It had a very weak run this time, should have hit 325k, so it will not hold last cycle's highs at 20k,
most expect it to, but it won't.

Edited by CLK, 22 June 2021 - 12:44 PM.

[CLK]

I sold around 60k, did a little shorting for a few thousand I think but I'm mostly in cash.

[fib_1618]

This from the June 8th chat session (for what it's worth and all that sort of rot):

 

Jun 8, 5:52 PM

fib1618: as expected from last week, the price of Bitcoin broke to the downside on Monday out of its symmetrical triangle configuration

 

Jun 8, 5:52 PM

fib1618: Elliott wise, this looks like a 5th wave down in progress, so expect a lot of negative press and angry investors of being "duped" over the coming weeks

 

Jun 8, 5:54 PM

fib1618: looks like a minimal downside target is to or toward the old all time highs at around the $19,000 level which is .618 times the length of wave 3

Jun 8, 5:55 PM

fib1618: near term key support for BC is the $30,000 level...where a break there will cause the final collapse

Edited by fib_1618, 22 June 2021 - 01:11 PM.

[CLK]

I see Bitcoin bounced 5k off 28900,
it would have been nice to buy 1 and make 5k but you never really know how much lower it might go before the bounce, could have gone to 26k first, I really don't like trading with stops unless it is a wide stop, say 1 to 1 risk reward ratio.
I really don't want to lose a thousand right quick trying to make that 5k.
I just prefer options or buy and hold.

Edited by CLK, 22 June 2021 - 09:11 PM.