Bitcoin's Fear & Greed index - the overall market sentiment is strongly negative: in the mainstream news and on YouTube channels, on this forum etc. Perhaps this will show us the direction: https://alternative.me/crypto/fear-and-greed-index/ Alessio Rastani believes that if no strong uptrend occurs in the coming days, weeks, then Bitcoin might continue falling. If Bitcoin shoots above 40 k, then there is hope for Bitcoin not to keep falling, but to start rising again: The negative market sentiment doesn't necessarily mean that we are in a bear market, but... it might be, if Bitcoin doesn't jump up. I think if it keeps falling in January and, if it dips below 30 k before it reaches 45 k, then it might go all the way down to 10 k. Just watch: if Bitcoin falls below 28-29 k, then the level was certainly cut. If this happens, BRACE YOURSELVES!
It’s all about leverage and the fed this week. Tighter or looser policy will signal a liquidity bump back into crypto or further deleveraging. Crypto is leading the stock market here. The rest is just fundamentals which are super-strong long term. In between all that advanced users and traders can no doubt find yields and profits in their niche, or swing trade following chart signals. i guess what I’m saying is that greed/fear index doesn’t mean shit for future direction, just the present second.
Now wait, set your sell price and sell..... than rinse and repeat. BTC is a volitile momentum asset up and down. Ignore any people saying diamond hands, it will be the future of money or those that say it is worthless.
I am curious how they are measuring this FEAR/GREED index: who are the subjects they collect the data from? The explanations regarding how they measure it are rather vague. What is most important is: how the major investors/holders feel, how tens of thousands of top coin holders feel about the markets. They move and shake the entire market.
I have a grid bot running for me so all good, I won't go into too much detail for fear I upset @hardyakkagold by disproving another of his ridiculous theories that everyone on this forum involved in crypto has zero financial acumen or savvy
I look at everything I invest or speculate on as individual class. I am quite confident that BTC will be back at above $60k or so in 6mth, 1 year or 3... It might go as high as $85K or more in the next cycle but I am confident it will crash again after hitting peaks. Than repeat, eventually this pattern will stop but until than why waste an opportunity.
I could be, but the evidence I’ve drawn together to reach that conclusion convinces me that the inflationary spike is entirely pandemic driven and not QE driven at all,
Fat fingers my arse! This sucker is just going down to find its real value, where ever that may be. Looks like $35k was not the support level for long. Where is the next support level, oh intelligent ones? Maybe $30k? Hope none of you were stupid enough to buy at $35k
Support level is 35K, if you are reffering to me, I wrote I will buy at $35k and I did when it was 60K six months ago. Its called looking at an investment and coming up with a strategy than executing. The way you write you have an emotional connection, my advice to you, dont fall in love with an investment or have an irrational hate towards an investment. While you have been belittling BTC chances are many have made life changing amount.
Bitcoin is going to test the STRONGest level there at 29-31 k. Correct me on where exactly that limit is... can't recall. I think it's rather around 29 k. If it goes below that... then I THINK we're going to see 11-13 k Bitcoin... AND I don't think it will go lower than that. So, if if goes that low, what coins would you stock up on besides Bitcoin and Ethereum? I think Cardano, BitTorrent (NEW), RavenCoin, Tron, Stellar could be on the list. I think BitTorrent has major potential to go 1000x its price, RavenCoin and Stellar could go 5-30x their price, Tron 10-50x, Doge might hit 1 $, Cardano might hit 2-5 $ at the next bull run to take Bitcoin all the way up to 100 k. What not to touch: Shiba Inu (crap), Litecoin (even the creator has abandoned the project), XRP (allegedly a few people hold the majority of coins and can collapse the price at any time)... never buy these...
Any thoughts on stocks that may correlate with bitcoin. Such as coinbase? At this moment, I rather buy crypto stock than crypto.
Check out Invest Answers on Youtube, do a search for "proxies". from about the 3 min mark. Coinbase is not a good proxy according to his maths.
You might be right, as to how far BTC will fall. But I dont look for the absolute bottom, if it is low enough that it is good enough nor do I look for the aboslute top, when I make enough for cycle. I sell and wait. Especially with investments like BTC when I am not looking at it every day. What ever the low for this cycle, there will be turnaround and will aim for new high over time.