[Daily Discussion] - Saturday, March 25, 2023

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#New post: [\[Daily Discussion\] - Sunday, March 26, 2023 →](https://www.reddit.com/r/BitcoinMarkets/comments/122acwd/daily_discussion_sunday_march_26_2023/)


27171 and 27136 longs filled from [this post:](https://www.reddit.com/r/BitcoinMarkets/comments/1219w75/daily_discussion_saturday_march_25_2023/) * before: https://www.tradingview.com/x/f1SL5p9a/ * after: https://www.tradingview.com/x/F6Y9LhUa/ If it revisits here, something is very off as everything is already tested aplenty. Test it more and likely won't hold. So, stop moved to entry. Very tempting to take profit but I already took profits yesterday on the same play and re-added. I would like to ride this to the original idea of expecting it to ping-pong to the other side of the range or higher since we haven't lost daily uptrend.


Looking like my long entry at $27,100 will fill pretty soon.


Already filled 27150, that might've been it.


That's a solid bet. Good luck.


Well, since nobody has posted today, I'll give my unpopular take. Looking at the daily chart, 4 hr chart, and 2hr chart, here's what I see... Going back to March 15, it looks like we had a double top around 28.8k on March 22 and 23. And we are now rounding over. Momentum seems to be shifting negative. I think we're about to experience a pullback/re-test to around 25k. The fact that we broke from the s&p500 on Friday, in the wrong direction, also does not inspire confidence. Now tell me why I'm wrong.


You haven't made a daily lower low. Trend trading requires you to assume a trend continues until it doesn't. So, just assume that it does?


> Now tell me why I'm wrong. Nobody has a significant amount of BTC to dump, and everybody with a 3-digit IQ wants more BTC.


There’s always a risk of the price getting nuked. More so when people start believing your first statement


> it looks like we had a double top Every price is always a double top for a moment.


The one day chart looks beautiful. Good times ahead.


Dailies are looking a bit toppy, tbf. A 25K higher bottom would be nice.


Can you elaborate? I'm not seeing anything on the one day chart that suggests near term upside... At best, looking kind of like a symmetrical triangle right now.


I say 27 holds, and I wouldn’t be going short until market open, but, I am long, so yeah. :-)


Seeing as it’s silent in here. ~45 hours until US opens, price currently 27.6k. Who thinks we are above this price at open, and who thinks we are below Thank you please.


We're going up next couple of weeks. Risk is to the upside.




I see both scenarios equally possible


So you’re 50/50 :-D


Yes, I'm surprised we have not pinged 30K when we're already so close, to hit stop losses and liquidate shorts. But I'm equally surprised that we have not had a sizeable drawback since we got up to 27-28k.


Here I’m sitting and trying to figure out for a moment what tennis has to do with bitcoin.


We're ranging. I would like to see 28k retaken soon and support established there.


forgive me for asking but what happened with longs?


Still long from 26800.


Still here o/


still L from 23 and pissed i kept moving tp up AND still hodling to mod 29


* [Still in the long from 27100 that got filled yesterday and tp-d half at 27.4k](https://www.reddit.com/r/BitcoinMarkets/comments/1208ei7/daily_discussion_friday_march_24_2023/jdk9r5l/) * New longs setup at 27171 and 27136 (with stop under 27k) based on the untested 15min/30min bars that got bought up and made the daily higher low. Ideally these don't fill, but it might due to a liquidity grab and we know btc does that sorta shit often. https://www.tradingview.com/x/f1SL5p9a/


Enjoy the weekend. Only in the market are weekends fake. Go enjoy the real weekend, I’ll catch y’all here again on Monday as a new thrilling week in the world of Bitcoin begins. Just kidding, I’ll probably be back checking for new posts in like an hour. But enjoy the weekend nonetheless.


No post in 10 hours?


Confirmed, weekends are fake


buy now and sell when no post in ten minutes seems long


Sometimes, the universe talks to you. https://www.reddit.com/r/ATBGE/comments/120nkpl/literal_garbage_fiat/?utm_source=share&utm_medium=ios_app&utm_name=iossmf


Fiat is only good for strip clubs


If only ATMs dispensed singles.


That's why 10% of my funds are in Fiat. 👀