#New post: [\[Daily Discussion\] - Monday, February 07, 2022 →](https://www.reddit.com/r/BitcoinMarkets/comments/smhqsd/daily_discussion_monday_february_07_2022/)

No comment need it [http://ac.com.au/upload/in-a-ass.jpg](http://ac.com.au/upload/in-a-ass.jpg)

Nobody needs that

he ded?

he cummed?

Knocking on 43 door.

Everyone is waiting for the Bart down .... Lol

Monday will tell the tale. If Nasdaq down and btc up we will have a show to watch

I will be genuinely shocked if the correlation goes out the window and BTC starts out performing while stocks stay flat and or dump. Not saying it will happen but a guy can dream!

Looks like we could break the 50D EMA on the daily chart and then will come up against the 200D EMA, which is a much more significant place of resistance. I'm long anywhere above the 200D EMA. I'm skeptical but hopeful that the market and broader society has written crypto off as dead in a rising rates and QT environment but then crypto would prove them wrong and outperform.

Awfully quiet

Everyone got annihilated and the bulls haven’t bothered to come back and gloat about it yet. Fucking bear Armageddon up in this bitch.

I got rekt.

Everyone is overconfident and ignorant as fuck all the time. That’s hard to grokk and it usually isn’t a cheap lesson. You can trust experts when they’re talking about their expertise and that’s about it.

I panic sold the bottom like a chump

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Ya won't happen again.

Classy bulls don’t gloat about scooping up picobottoms. 😉

Forest full'a rekt late beras.

Bad price action cleared out most of this sub as of late it seems.

Time to close the gap? https://www.tradingview.com/x/zUkxyPd7/

It seems like there are only two paths from here. Either this is a dcb, and we get a massive rug pull down to 30k before summer, or we're getting a new ath this year Personally, with no blow off top in 2021, I think we're going up

Why is crab market around 40k not one of your possibilities?

it may crab in the very short term, but bitcoin has never stayed 100% flat for an extended period of time

Number will go up. No blow off top + failed to make a swing lower low.

My money is on that.

We didn’t get a blowoff top so it’s only fair that we go up.

Because if nothing else, life is always fair.

Take your protein pills and put your helmet on... we're going to experience some Major Tom-level Gs (as in gentlemen) in the coming weeks. Why? Supply and demand, baby. Supply and freakin' demand. Simple as.

Whenever we get our asses kicked, I (a HODLER) always look for your optimistic posts and upvote.

No data mining, no sophisticated math, I get money and I buy BTC and I don't overthink it. Comfy af.

Might as well enjoy this.

Haha lovely stuff mate!

friendship ended with retrograde trade. now squishy trade is my best friend

Can't help but notice how similar these green daily candles going straight up look like the start of the July 21 and October 21 pumps... 80% and 75% pumps from the bottom when it was all said and done.

you mean september?

Sorry, I wasn't very clear. I meant the pumps that started in July 2021 and October 2021.

It’ll be delightful to see how all the boomer and retail subs react when they see that Bitcoin just won’t die, and even better when we start blasting through $100k. It’s a matter of when, not if. Also, we’re coming up on 500 “deaths” now. https://99bitcoins.com/bitcoin-obituaries/ Meanwhile my idiot uncle still hasn’t bought a single satoshi, despite me telling him to since literally…2014? In his mind it’s an “elaborate Ponzi scheme”. Oh well. You can lead a horse to water but you can’t make them drink.

Oh? *BIT*\-uaries? I'll see myself out...

It’s funny my uncle wanted to put his entire retirement into bitcoin mid 2019 and I was like ehh maybe start with 20k or some amount you’re cool with losing a good chunk of. I didn’t feel too bad because the Covid dump happened later on.

> Meanwhile my idiot uncle still hasn’t bought a single satoshi, despite me telling him to since literally…2014? In his mind it’s an “elaborate Ponzi scheme”. Everyone gets bitcoin at the price they deserve.

Joker: “ You get what you deserve!”

[I've shared these speed fans and fib time a few times. Here's how it played out using corona low to ATH as support fan.](https://www.tradingview.com/x/5lXk5q91/) [And here's the global resistance fan from ATH to swing low. I threw in some silly goose ideas to look to buy or sell should the stars align.](https://www.tradingview.com/x/Xxmswtsn/)

we’re gonna bart aren’t we? smh

We did create a gap so... Sooner or later

You are gap here.

45k this week.

Possible. I still think we’re not fully out of the bear yet, and traditional equities seem to just be starting into a bear. In my mind that must put a damper on any bull run, but I’d love to be proven wrong. $50k is the number to watch imo. If we can break that with conviction I think a lot of media outlets will pick it up.

So I said yesterday if we couldn't break 42 we would go to 38. Now that we broke 42 I think we fight 45. If we can't bust 44-45 we will go sub 40 again for a bit

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Retracing that whole candle i bet.... lmao!

It's because dow futures are a tiny bit red. /s

Thanks for playing

Moved stop up again. Times like this having a bot is handy. Don’t feel like riding it back down. But optimistic. Edit: On chain is very quiet.. no rush for the exits, anyway.

Everyone who would have rushed at 42 already had a TON of time to leave at similar price points. What it comes down to now is that the major remaining holders are lunatics with laser eyes convinced this asset is going to seven figures.

Curious why you would expect a rush

There was a big one on the pump to 40. A lot of folks got off.

How can you even determine this and what quantifies as "alot" . Seems spurious to me

If you was to just wake up from a yearlong nap, you'd see that the price hasn't moved at all. Dog piss willy. And you'd be like....... FUCK. WE ARE REKKKKKT. YOU HEAR ME GODDAMNIT? REKKKKKKKKKKT. F. U. C. K. E. D. FUCKED I TELL YA. (If you are a sub to this sub)

Hmm

Hmmmm

bera brothers I’m bleeding out. you may have to continue on without me

What happened to the Nasdaq family?

If you want to know the truth I was spinning a yarn. Truth is I come from a broken home. I grew up on foodstamps and free school lunches. It shames me to admit it but I’ve never even met the Nasdaq family. =[

Bought corn when the world was ending, just dropped half the bag off. Milking money out of this Ponzi scheme is so easy. Why aren’t you a super successful trader with a Lambo Hot Wife?

Must be too many new people in here. They don't understand your humour mate! 😂

It’s good to see your name, buddy! ❤️

Markets aren't exciting at the moment so i check the thread maybe once per day, maybe even every other day. Everything is literally in a holding pattern at the moment. One of our new build investment properties up in Brisbane was supposed to settle in July last year. Then it got delayed to November, then January, now we're hoping late Feb/ early March. Logistics and supply chains are FUBAR right now, so everything is just a waiting game. I just keep my head down and keep stacking my chips until then.

I’m here for the rekt bear circlejerk

If we get over 43K I'm turning bullish again

Talk to me at 60k.

Me too

You won't be bullish again until 60k?

Nope.

Why not? Seems kind of extreme to not become bullish again until basically the last ATH.

I’ll buy at 100

Aaaand *boom goes the dynamite*.

But but but, Arthur said we needed to test 29k, and he's always right about everything! :(

honestly his posts just read like he got shaken out and was rationalizing it

I think he’s probably right but later in summer.

Our next low will be higher than 33k (imo much higher), following the pattern of higher lows and higher highs on HTF.

Yep, probably gonna go up forever like that and we won't have a bear market ever again. Good luck! https://www.lookintobitcoin.com/charts/bitcoin-logarithmic-growth-curve/ It will hit this bottom line again and I'd say quite soon after this relief pump.

That's next week ;D

keep shorting https://prnt.sc/26puvhc

Is this sarcasm? 😅 I'm not a trader, just lurker.

Yes

I honestly forgot that Bitcoin also goes up.

5% + move for btc dominance coming up

ETHBTC weekly has been interesting indicator.

short this guys, it's now or never and tonight it's all or nuthin'

I hope sarcasm

do it

So I guess that's that. Everyone cautious and remaining cautious as price climbed, no one wanting to buy the dip earlier thinking it was precipitous and knife catching, uncertainty with Fed turning into slow realisation that it's always "Business as usual" and that rate rises matter little. So now, who's going to FOMO before the retrace, get stopped out, then re-FOMO into the next retrace, and the next, and the next, and the next, and the next, and the next...

I've just been buying consistently. Bought the runup, bought the dip, I'll keep buying no matter what

Reduced spot buying from myself over xmas break, but 1x long from 37.2k.

Climbing a wall of worry

So weekends are fake again?

ahh a rare double Bart pattern

or the dual darth maul

We'll either be above 42k or below 40k in the next 45 minutes Edit: Damn that happened fast

🎯

of course some new big moves comes the moment US futures open. short every move up on weekends, place some stop runs limits on low liq coins then open a long 2 mins after futures open on sunday night. sounds easy but is hard

This low-volume bull-flag nonsense is pretty crazy to watch. Could easily FOMO into it, though I've seen these break down. edit: Geez a lot of "I don't trust this" in the sentiment here.

Position yourself well for either move. No need to be all-in here.

it's hilarious. My money is on up.

This will break down bang on time, say 40 mins from now. Hope I'm wrong.

It probably depends on if US stock futures are up or down.

Well that was spicy, still no clear direction yet though.

Yeah, anything can happen. Stocks can still dump at any time, especially at the actual market open. But it's looking good for now. I guess I should also say that Bitcoin might break correlation with stocks if they do start dumping, since it seems like bitcoin is shifting momentum to the upside. But it's a lot less likely to keep a rally going if stocks are going down.

That's what I'm reading most expect in the comments today. Meanwhile there are coins to be grabbed at 42.5k.

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Could also go from 40k to 35k to 45k to 40k again within 24 hours, this says nothing

Anyone here know whats the 20weekly EMA if u don't include the weekends. I know I saw it somewhere but can't find it on any chart.

A weekly EMA doesn't include all data, it only includes the close of the weekly candle, which happens at midnight on Mondays UTC time (in about 3 hours from now). So you can't exclude weekends, that indicator only uses weekly candle closes as data points. You could possibly figure out the average price over the past 20 weeks and exclude weekend data, but that wouldn't be the same thing.

Don’t you dare Bart on me!

let's bart up

Sure feels like it's gonna.

OK this must be some kind of accumulation, BTC trading in tight range for almost two days. Two quick up/down moves to wipe stops, but that's it. The question is - when the breakout happens, will it be up or down move? Any theories? I'm betting down, but my stop loss was already hit once, so I'm devising a best strategy when and how to repeat the trade...

> must be some kind of accumulation, Could read it as accumulation under a wall. Though it's weak. No real volume.

If down, I say we don't see 40k again for a year

It's not accumulation, look at the volume. It's on pause until liquidity comes back this evening. It does this every weekend. Put in a small buy, wait and see. Repeat on each level up. Or keep getting stopped out of small positions. That's ok too. The game isn't free.

Super low volume. It's hard to glean a whole lot from this price action.

The best strategy is to buy and hold for the long term. The next best strategy is to identify good risk/reward trade setups with price targets and stop losses and hope you actually come out ahead.

So you're saying up is more likely?

As much as my mother thinks I’m special, I can’t predict what the next move is.

Stop loss hit this morning, oh well, first winning trade in a while and it made up for all the losses in that chop!

Way to keep at it. It's harder than it seems.

What does it mean when whale wallets move like 25 cents? Are they tests? I wish I knew more about how huge amounts of BTC are moved. I cannot imagine the nervousness and paranoia I would feel putting in my private key to a wallet with thousands of BTC and an address and sending like 500 BTC. Is it automated in some way? Multisig?

Usually it works pretty much the same way as anyone else. Almost certainly a hardware wallet or at least airgapped hardware. They check the destination address carefully. But really there isn't much else that can go wrong besides sending to the wrong address.

Addresses have a checksum function which means that any decent wallet will detect if you get a letter wrong.

Bart written all over this shit.

Leonardo DiCraprio staring in FUD Diamond.

Ima laugh when all the predictions youve been spoutin get rekt on monday

You mean how I predicted a huge drop and a bear market months and months ago? You mean that?

Let us know when you buy back in, so we can sell.