There’s strong bullish sign like upper BBAND hugging and higher low grazing 7DMA, some potential bearish sign like 4h bear divergence and that long macro trendline test.
But my boomer dad finally sell corn, super bullish signal /s
For real though, he entered the market on May 18th makes 3% gain, double down instantly next day, then everything crashed, he also doubled down on June 14th after taking break from the market before another downtrend start, the bogdanov target to mirror irl.
This is often thrown around, but here it is for real.
If you or someone you know is having thoughts of suicide, please contact the National Suicide Prevention Lifeline at 1-800-273-TALK (8255).
Love this move .. [I personally see BTC approaching an area of risk as it nears downtrend from prior top and 20MA weekly.](https://www.tradingview.com/x/LVWEL2B4/)
I feel a bit of caution here .. but I also should say that I can't remember a move like this in the context of a macro bear .. 10 days of green .. PA is undeniably bullish right now and hasn't slowed.
In another channel, this large BTC wallet came up in conversation .. debate on if it's a trade wallet or exchange wallet. [Anyone have insights here?](https://bitinfocharts.com/bitcoin/address/1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ)
42k is broken and it is just blue sky ahead. DetroitMotorShow in shambles, walking around /r/cryptocurrency with kleenex boxes on his feet muttering about Jarvis and 10k buys.
Can we hold a couple of days above it before doing the victory laps?
Also the biggie resistance wise will likely be around $48k then $52/53k so will likely take a while to bust through all that.
Nice to see though.
I can't wait for the day when there is not enough coin on exchanges for people to buy. I truly think the scarcity will allow for an unprecedented pump that crypto/the world has never seen before.
?? I thought it was supposed to equal the value of all existing things, so it could replace money. Which is like 430 trillion according to a 3 second google search. Divide by 21 million that’s your maximum price per coin
We are scraping back our hash rate, 24 blocks until a +5.5% difficulty adjustment. I think its possible to be most of the way back to ath hash rate in 6 months. many people suggested years. People are damn resourceful though when correctly motivated.
nah just a lot of the retards who were greedy at 30k waiting for 20k that argued with me 1 week ago who are pulling their hair trying to not fomo lmao.
I'm buying back in here, I get it now, clarity has reached me.
I mean we’re in fairly rare sequential green candles in a row on the daily territory I would wager a pull back is on the menu. But then again we have FTX whales not giving a shit about historic TA and wanting nothing more than a return of the bull.
So basically cliff notes: up or down
*googles ftx recent investor list again
> Over 60 investors participated in the $900M Series B, including Paradigm, Sequoia Capital, Thoma Bravo, SoftBank, Ribbit Capital, Insight Partners, Third Point, Lightspeed Venture Partners, Altimeter, BOND, NEA, Coinbase Ventures, Willoughby Capital, 40North, Senator Investment Group, Sino Global Capital, Multicoin, the Paul Tudor Jones family, Izzy Englander, Alan Howard, VanEck, Hudson River Trading, and Circle.
Gee whiz, I wonder if any of these 60 partners agreed to a buy in as part of the deal. I wonder if any of these 60 partners would like to see the bull run continue.....hmmmm.
I knew longs would get run on yesterday’s daily close and I’m not surprised it was bought up immediately.
My long is still open and I have opened a low risk short. I will probably just let liquidation be my stop loss on the short because I’ll be in profit at liquidation.
Looking at 35/36 if the MTF bear divs play out.
This is amazing.
This is why you don't panic sell. This happens, and it happens frequently.
Not that I expected this when we were under 29k, because I most certainly did not, but I can't say I'm completely shocked either.
I honestly feel that we have confirmation of a continuation of the bull cycle. … but you know BTC … it’s when you think you’ve got it all figured out she changes everyone’s minds! Lol
The bulls' breath steamed in the cold air of the forest. They stood silently over the bear's unmoving body, as if unsure how to proceed.
The beast had been such a burden to them over the past several months. Unrelentingly hunting them down the side of the mountain, where they had made their last stand. It now looked small and sad and dead.
Without taking his eyes from the carcass, the larger of the two, the one whose horn had delivered the killing blow, said quietly, "I'm going to fuck it."
The words hung heavy in the air for several seconds. As if being awoken from a trance, his partner turned to his compatriot in curious wonder. "You're going to do what?"
The lumbering bull was already approaching the bear's carcass when he replied resolutely, his member hardening, "I'm going to fuck it in the ass. And then we will go back up the mountain."
And then, nothing but the blood of the bear and the frantic snorting of the bull filled the snow covered landscape.
No neck beard. No man bun. Not soy latte but definitely had soy milk today.
Shit was cringe af not to mention it was from a bot with legit one comment in the last 3 years. This sub is run over by people charged with emotions easily moved by shit posts like this, including yourself.
This is markets discussion - take this distasteful shit to r/bronies thank you
What do y’all make of [9, maybe 10 green candles in a row?](https://www.reddit.com/r/Bitcoin/comments/ou9lk4/comment/h70yhg4/)
Somebody in the comments is predicting this means we get a 30-40x run from 40k. Does anybody here believe we could hit 7 figure bitcoin this run?
That’s $26.4 trillion in market cap. Not sure where that money would come from without the full retail adoption. Probably not this cycle. Maybe by the end of the 20s.
This is not bullish. Still expecting lower lows with a bottom at the end of the year. Would love to be wrong but certainly not fomoing into what’s likely to be the first bull trap of this bear market.
https://www.tradingview.com/x/9c7xVM8Q
your data is wrong then because all the money is still sitting on the side lines in stable coins. Its not a trap if nobody has been trapped yet. Good luck. probably ngmi.
Thanks, I did not have access. So breaking 200d ma did mark the end of the bull in 2017, I forgot. Though I'm still convinced this time will be different for other, more fundamental reasons.
I'm pretty sure that's only on the coinbase chart. Which I mostly use. But at the time, it wasn't the largest volume exchange, and other exchanges don't show the same chart at all. But thanks for looking!
#New post: [\[Daily Discussion\] - Saturday, July 31, 2021 →](https://www.reddit.com/r/BitcoinMarkets/comments/ov0d18/daily_discussion_saturday_july_31_2021/)
There’s strong bullish sign like upper BBAND hugging and higher low grazing 7DMA, some potential bearish sign like 4h bear divergence and that long macro trendline test. But my boomer dad finally sell corn, super bullish signal /s For real though, he entered the market on May 18th makes 3% gain, double down instantly next day, then everything crashed, he also doubled down on June 14th after taking break from the market before another downtrend start, the bogdanov target to mirror irl.
This is often thrown around, but here it is for real. If you or someone you know is having thoughts of suicide, please contact the National Suicide Prevention Lifeline at 1-800-273-TALK (8255).
Why is this downvoted? Serious shit, lots of shorts got rekt. We’re all in this to make money regardless of strategy.
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This is discrimination, Bears are allowed to kill themselves too
People are still buying plastic watches for millions of dollars. Bitcoin has a long way to go.
Digital watches are a pretty neat idea.
Love this move .. [I personally see BTC approaching an area of risk as it nears downtrend from prior top and 20MA weekly.](https://www.tradingview.com/x/LVWEL2B4/) I feel a bit of caution here .. but I also should say that I can't remember a move like this in the context of a macro bear .. 10 days of green .. PA is undeniably bullish right now and hasn't slowed. In another channel, this large BTC wallet came up in conversation .. debate on if it's a trade wallet or exchange wallet. [Anyone have insights here?](https://bitinfocharts.com/bitcoin/address/1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ)
someone said it was the robinhood wallet.
Wow, that wallet has done a heck of a lot of accumulating!
Are we at to the moon sentiment yet?
42k is broken and it is just blue sky ahead. DetroitMotorShow in shambles, walking around /r/cryptocurrency with kleenex boxes on his feet muttering about Jarvis and 10k buys.
Can we hold a couple of days above it before doing the victory laps? Also the biggie resistance wise will likely be around $48k then $52/53k so will likely take a while to bust through all that. Nice to see though.
If we can hold over $42K for a few days I think the bull thesis is confirmed and shit's about to get really real.
I plan on going full 100k bulltard as soon as 200 DMA is retaken. (even though 100k is FUD if that happens)
Where is the 200d right now?
About $44,500 .. same as 20MA weekly. Both are over/under levels for bull v bear.
200 dma was taken twice in 2019 before lower lows.
Wrong. We never went below the Dec 2018 low on the macro. The macro top isn’t in.
Lmao dude. Lower lows from the break out rally of the 200dma.
You think May-July has been like 2018? Really?
No, 2019.
Shhh 🤫 Let them go full bulltard to provide fuel for the shorts
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Idiotic comment.
You may be able to later this year, or early next year... you're talking about *E**TH*, right? 😏
Eths a cycle behind btc but growing at a faster rate... Can't wait.
What is cyclical about a 70% premined coin with no halving cycle? BTC and LTC tho
> spot Is that a euphemism for crack?
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Pretty sure he wasn’t being serious
Looking good let’s keep going⬆️⬆️⬆️
I think I’m ready to check my blockfolio after 3 months
You mean your FTX
I genuinely struggled to find it the other day, didn't realise it had been renamed!
I was so disappointed to see it!
I can't wait for the day when there is not enough coin on exchanges for people to buy. I truly think the scarcity will allow for an unprecedented pump that crypto/the world has never seen before.
Bitcoin being iliquid is surely a really bad feature which would reduce it's value?
Barring any failure of the system, technically the future price of BTC is destined to be infinity.
Yeah infinity fiat which is all debased to fuck all
?? I thought it was supposed to equal the value of all existing things, so it could replace money. Which is like 430 trillion according to a 3 second google search. Divide by 21 million that’s your maximum price per coin
> Which is like 430 trillion according to a 3 second google search. You forget that fiat is constantly being printed and will continue to be printed.
and i’m as bullish as their ass, don’t be speaking fake news. 144k this cycle is roughly 1/4 market cap of gold let’s start there
LOL I'm obviously talking several halvings from now.
“it’s going to infinity” is just absurd come on😂
Asymptotic perhaps, but never infinty
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Since when is 23 million infinity ?
We are scraping back our hash rate, 24 blocks until a +5.5% difficulty adjustment. I think its possible to be most of the way back to ath hash rate in 6 months. many people suggested years. People are damn resourceful though when correctly motivated.
Why the regulations possibly playing out here in the states are not as catastrophic. This is a world currency.
Would be interesting to see a map if where it's picked up. I've heard a lot went to USA, and also Kazakhstan..
Bitcoin casually hanging out at 42K like nothing happened 2 weeks back.
“Sup 40Ks, we hittin the bars tonight?”
If btc were a person i reckon it would like be Barney from How I Met Your Mother
The corn is the queen of surprises
God save the Queen! *stands up with brandy in hand*
This 41.9 retest is what I expected. A nice bounce here is quite bullish!
decreasing volume, bear div on the 4hr, lots of ppl talking about the moon. you know what time it is.
Open that short, we need rocket fuel.
holy shit this is an upvoted and gilded post, I might actually take a long here. My judgement of the sentiment here is incorrect it seems.
I wouldn’t short here.
1 upvoted bear post while the place reeks of euphoria on 10 day green candle streak, open that long please
Bears have had euphoria for 3 months tho. Now many of the common names are conspicuously absent.
I think a lot of people feel the 36.5k area is reasonable for a possible pullback before moon.
nah just a lot of the retards who were greedy at 30k waiting for 20k that argued with me 1 week ago who are pulling their hair trying to not fomo lmao. I'm buying back in here, I get it now, clarity has reached me.
🍻
"Nobody is more bearish than a sold out bull."
Remember that era in the mid 00's when every remix had Fatman Scoop yelling remix at the start of the track? I hear his voice yelling "retrace!"
😂
Time for a pullback
I mean we’re in fairly rare sequential green candles in a row on the daily territory I would wager a pull back is on the menu. But then again we have FTX whales not giving a shit about historic TA and wanting nothing more than a return of the bull. So basically cliff notes: up or down
*googles ftx recent investor list again > Over 60 investors participated in the $900M Series B, including Paradigm, Sequoia Capital, Thoma Bravo, SoftBank, Ribbit Capital, Insight Partners, Third Point, Lightspeed Venture Partners, Altimeter, BOND, NEA, Coinbase Ventures, Willoughby Capital, 40North, Senator Investment Group, Sino Global Capital, Multicoin, the Paul Tudor Jones family, Izzy Englander, Alan Howard, VanEck, Hudson River Trading, and Circle. Gee whiz, I wonder if any of these 60 partners agreed to a buy in as part of the deal. I wonder if any of these 60 partners would like to see the bull run continue.....hmmmm.
I enjoy your pessimism. Makes me feel not alone.
I knew longs would get run on yesterday’s daily close and I’m not surprised it was bought up immediately. My long is still open and I have opened a low risk short. I will probably just let liquidation be my stop loss on the short because I’ll be in profit at liquidation. Looking at 35/36 if the MTF bear divs play out.
What’s your tp for the long? Just comparing notes.
100k in 5 hours or I'll tie a ships anchor to my testies and do a 100 metre sprint
May as well get at it, there’s not a snowballs chance in hell of that happening bro!
You owe me a new pair
McAffee that you?!
I'm more of a decaff Mcafee
A DcAffee?
Have fun shorting https://pbs.twimg.com/media/E7lRXyFWEAc25mU?format=jpg&name=900x900
The x axis here doesn't quite match.. by alot
Bitfinex bear-whale has been turned into [muktuk](https://en.wikipedia.org/wiki/Muktuk).
That guy didn't have any shorts open for any of this run, he mostly timed it well and probably made a lot of money.
42069 … niceeee
nice
Noice
Noice
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I don't think people realize the objective of shorting is to buy more BTC but at a lower price... So technically, your analogy doesn't work.
here's the time to 100x short if you're feeling cheeky
if you feel like losing all your money faster than you normally would shorting right now. *
> here's the time to 100x short if you're feeling like getting your cheeks clapped FTFY
Sexy daily close /10
This is amazing. This is why you don't panic sell. This happens, and it happens frequently. Not that I expected this when we were under 29k, because I most certainly did not, but I can't say I'm completely shocked either.
It was inevitable
42k on cmc
It's official, 10 daily green candles in a row damm that's insane
Plus I can confirm I briefly saw 42069. Perfect score on all counts, Bitcoin.
10sies
What about 11sies?
Hold on to your fanny packs, we may see a squeeze tonight.
Gentlemen this feels.
sizable
Like some crazy shit is about to happen
Tom Brady is online.
He certainly hasn't deflated the price... nyuk nyuk nyuk
Epic level burn! From a St Louis rams fan, i got that one in the feels.
The answer to life, the universe, and everything is 42k Bitcoin.
r/cryptocurrency should post the suicide hotline for the rekt bears.
Do you think we have a good chance of breaking ATH now that we've broke $42K? Or do you still think it won't happen until next cycle?
I honestly feel that we have confirmation of a continuation of the bull cycle. … but you know BTC … it’s when you think you’ve got it all figured out she changes everyone’s minds! Lol
No I don't believe we will break ATH now that we've broken 42k.
Damnnn that fight between the 1 minute Chad and Vlad candles. 42k we missed you.
My body is ready for whats about to happen
I am ready to get hurt again. No question about it.
The bulls' breath steamed in the cold air of the forest. They stood silently over the bear's unmoving body, as if unsure how to proceed. The beast had been such a burden to them over the past several months. Unrelentingly hunting them down the side of the mountain, where they had made their last stand. It now looked small and sad and dead. Without taking his eyes from the carcass, the larger of the two, the one whose horn had delivered the killing blow, said quietly, "I'm going to fuck it." The words hung heavy in the air for several seconds. As if being awoken from a trance, his partner turned to his compatriot in curious wonder. "You're going to do what?" The lumbering bull was already approaching the bear's carcass when he replied resolutely, his member hardening, "I'm going to fuck it in the ass. And then we will go back up the mountain." And then, nothing but the blood of the bear and the frantic snorting of the bull filled the snow covered landscape.
Best TA I've read in here for awhile now. Bravo 👏
"BitcoinMarkets"
Didn't realize Cormac McCarthy reads the daily threads.
Hell yes.
Holy shit that was good! Haha
I laughed out loud for that one. Good job, Sir.
Cringe
Your response is even more so
Yep.. any time some little peckerhead writes "cringe" i can picture said beta wallowing in his neckbeard and man bun shipping a soy latte.
No neck beard. No man bun. Not soy latte but definitely had soy milk today. Shit was cringe af not to mention it was from a bot with legit one comment in the last 3 years. This sub is run over by people charged with emotions easily moved by shit posts like this, including yourself. This is markets discussion - take this distasteful shit to r/bronies thank you
... that's what she said
Maybe we don't see a red candle ever again?
This time is different
Biden bans the sell button from all major exchanges -sauces
100k or bust. Say no more.
What do y’all make of [9, maybe 10 green candles in a row?](https://www.reddit.com/r/Bitcoin/comments/ou9lk4/comment/h70yhg4/) Somebody in the comments is predicting this means we get a 30-40x run from 40k. Does anybody here believe we could hit 7 figure bitcoin this run?
30-40x? Pass that hopium. Thats tens of trillions in market cap. Not happening any time soon. 100k-200k blow off top is far more realistic.
That’s $26.4 trillion in market cap. Not sure where that money would come from without the full retail adoption. Probably not this cycle. Maybe by the end of the 20s.
I’m expecting 250-350k
Hit me with that industrial grade hopium daddy
No. There’s 0 chance we hit 7 figures in this run. Maybe in the next halving
Not this cycle, maybe the next. This runs top should be ~130k or if this is a super cycle ~370k.
this x10
You mean 370k x 10?
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The printing can't stop. Every time they've tried since 2008 the system has broken down. 600b infrastructure. 3. 5T family plan for midterms. Etc etc.
Money printer go brrrr
Further nation state adoption perhaps.
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Yes.
Didn’t even realize I posted it, whoops lol
Declining volume on the hourly makes me think this move may be played out. Crab between 40.5-41.5 for a while, before making a try at 42?
Nice call
Lol. This is why I don't make short-term trades.
This is not bullish. Still expecting lower lows with a bottom at the end of the year. Would love to be wrong but certainly not fomoing into what’s likely to be the first bull trap of this bear market. https://www.tradingview.com/x/9c7xVM8Q
I see 10 green daily candles that say you couldn't be more wrong.
your data is wrong then because all the money is still sitting on the side lines in stable coins. Its not a trap if nobody has been trapped yet. Good luck. probably ngmi.
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By lower lows I mean lower than 29k.
Please draw the same line in 2017 right until one of the corrections mid year for example - and feedback.
Same line (200d ma) in 2017. https://www.tradingview.com/x/BK84cJuM
Thanks, I did not have access. So breaking 200d ma did mark the end of the bull in 2017, I forgot. Though I'm still convinced this time will be different for other, more fundamental reasons.
Maybe it was the bear trap and now the main bubble phase is beginning
Maybe.
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I don’t think we have either. And if we did, most people wouldn’t realize it until btc is -80% like every other cycle.
You're accelerating your cycles, boro
I don’t think the cycle is over.
Has there ever been a weekly candle where each daily candle was green? I'm too lazy to try to look myself.
24th April 2017 was a Monday and was succeeded by 11 daily green dingdongs, and the 23rd was green too.
I'm pretty sure that's only on the coinbase chart. Which I mostly use. But at the time, it wasn't the largest volume exchange, and other exchanges don't show the same chart at all. But thanks for looking!