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Cryptocoin Value and Market Trend Discussion

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bitcoin has been range bound and trading between 38 and 42K.. i think it may be in the process of breaking out to the upside.. it may fail to do this but i think not.. eth is just over 3K..

the lux algo stream.. currently showing strong buy signals..


trog
 
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tuesday morning.. bitcoin at 47K with eth at 3.4k... definitely a breakout to the upside going on.. how high it goes is anybodies guess..

trog
 

Outback Bronze

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tuesday morning.. bitcoin at 47K with eth at 3.4k... definitely a breakout to the upside going on.. how high it goes is anybodies guess..

trog

It should keep going. The Terra (LUNA) founder is buying 10B in BTC. They have only just bought their first 1B worth so this is why the price is already up.
 
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Probably the standard pump and dump ploy.
 
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You can short in the stock market.

Hell, the stock market is so well developed that you can buy 3x leveraged bear funds to short, like SQQQ, SOXS, SDOW, whatever.

Not so easy to short cryptos.

I'm sure there's a way you can but it's not as easy as someone saying "I'm buy a ton of ____". That's what pump and dump stands for: the grandstanding aspect to drive up the price.
 
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You can short in the stock market.
You can in crypto too, and no it's not hard.

not as easy as someone saying "I'm buy a ton of ____". That's what pump and dump stands for: the grandstanding aspect to drive up the price.
Well duh. But that's just due to lack of regulation. It would be doable in the stock market too if it weren't illegal.
 

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You can in crypto too, and no it's not hard.

Probably better returns too because of the massive (consistent would you say?) swings associated with crypto if you know how to catch it : )
 
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bitcoin is hitting strong resistance at 47K.. eth seems to be holding above 3.5K.. if bitcoin breaks 47K the next resistance level will be 50K..

trog
 
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bitcoin now at around 40K with eth at 3K.. the break out to the upside didnt last long... :)

40K is generally thought of as bottom though..

trog
 
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GPU mining is dead they said...
1650966833177.png
 
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Speaking of being on topic...

The last 30 days have been a rollercoaster until last week when things started to tank..
BTC[22-4-27].jpg

ETH[22-4-27].jpg
 
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It takes time for btc to crash hard after a bull market peak, looking at past bull markets in 2011, 2014 and 2018, it takes usually around 1 year at least, so btc peak was 2021 November, so expect to crash hard after november 2022 or maybe a little before that. I still believe there will be a last bulltrap before that to 50k again, bottom at this moment is around 10k, it can happen anytime, manipulators might crash it around 15k then rise to 30k then crash back to 15k then keep doing these swings.
 
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bitcoin now down to 36K with eth at 2.7K.. its basically tied to the stock markets which are not looking all that healthy.. he he

trog
 
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So this is when you buy. :cool:
 
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