Are we excited yet?

Good price movement today. Next target is to beat 53k for Bitcoin.

If that happens, then rolex watches on me

Oh look, another 'coincidence' just happened.

.

130k

Not a chance of what? That's a fairly concrete statement either way

I haven't invested in any, perhaps it's too late for me, I don't understand this at all, I'm to stupid to be honest

BTC will hit ~ 100K EOY.

It might be similar to last time in 2017, where it didn't quite hit 20K.

About $35

I put €50 into SHIB as a gamble a few months back. It never did much then dropped to ad low as €9. It's back up to €36.

Not even worth selling at b/e. Just going to hold it in case it becomes something.

Watching BTC for rejection at $51950, previous rejection at $53500 a few weeks ago and earlier today at $51847 all have me zoned in on the 1st figure as a strong resistance line.

If it pops that today? Well that's my August thesis of @$ 35k bolloxed 😉 and never let it be said I'm afraid to admit my error!

So my current thinking is, if it beats 51950 by COB today? There may well be consolidation and a $46k low side off that.

If it doesn't beat it? I have zero clue where it will go and my squiggles are meaningless!😂

I mean they are meaningless, TA still doesn't fit any back testing I try and the only 2 indicators I see any meaningful interpolation in at the mo? Are Elliott wave which backtests ok'ish but really needs a lot of skill/luck in identifying wave start point. And supertrend which is pretty meaningless anyway.

I may just start using a blindfold and a red/green dartboard to plan my buy/sell 😂

EW backtests wonderfully, but it is very much an after the fact tool for Crypto IMO.

I'm long opposed to the utility of TA for crypto and even rational thinking and expectations tend to not apply tbh. My posting history on this sub would support that. I believe it's nigh on impossible to use TA, timing or anything other than HODL to make money on crypto TBH.

That said, my August shout wasn't too far wrong. I was over optimistic in my buy orders 😉

I've managed to get back in at tidy returns on @ 8% of my August holdings and the rest of the crypto portfolio is still currently in cash awaiting the impact of equity market issues that are becoming apparent. China, (and not just Evergrande) is still in serious trouble IMO and I've posted my thoughts on that over on the share picks thread.

My buy orders are BTC, MATIC, ADA, LRC and a couple of others. Patience pays of in orders too.

Very interesting times coming up IMO that will go a long towards answering questions on crypto and equity market relationships and movements.

I know I've said this a few times before, but have known quite a few "buy and sellers", they make margins here and there but all have been dwarfed by all those I know who have just sat on it for years. I wouldn't bother selling for less than 10x. That's all I've ever been in this for, and it's been possible since as recently as last year (many coins did 20x, e.g. Eth did 30x)

In terms of shortterm buying and selling, unless you are a seasoned trader (and even then most of them don't have a clue) it's just like going to the casino and betting on red or black. With the long term (4 year periods), minimum 10x has been possible on main coins three/four times so far (2013, mid 2017, end 2017, 2021). I will be putting cash in if the next bear runs deep enough, then will happily sit on it for years. No inclination to touch it for anything less than 10x.