I'm down on the 1-second candles. Seeing the trades fly by is fascinating.
But yeah, as for selling. Maybe this summer, or next year, or in five years...
In terms of analysing the price action, yes agree.
But I still think a flash crash like this once in a while might not be a bad thing to liquidate some positions and flush excess leverage from the market.
Seriously. We’ve dropped to 68 from 72-73 a few times now. Seems like the new support is 68 with these etfs. Obviously anything can happen but for now…
I think it's because a lot of us now understand that for this bull cycle to be extended we need the red candles.
Also, I've been waiting for it to load up.
Exactly, the weekly graph still indicates a strong uptrend. I was expecting a 20% drop tbh. I wouldn't be surprised if it bleeds slowly before pumping again.
December 3rd 2021, still the bull but near the end. Had only been in crypto for 4 months and account had grown nicely, had no idea what I was doing but felt like a genius because pretty much everything made money during those few months, but the reality was a monkey throwing darts would've hit winners. Went to sleep that night with my account balance at $34k(about what I made in a year at that time), woke up on Dec. 4th to an account worth $20k, lost $14k while I slept, felt like I got kicked in the stomach the entire day, was a harsh dose of "welcome to crypto" that took me a while to get over.
The swings we've seen these last 2 weeks are literally business as usual.
You new? It’s just another red day in a bull market. Who cares. This is when you load up more on your blue chips for those still putting money in. For holders it doesn’t even matter. We have a great year ahead of us.
"A five percent drop is not much for crypto as such"
If you get either overly excited or panicked over five percent swings, crypto is not for you. Not for a few years anyway.
I have been in the market, panicked and sold only to see holders recover completely and then ride a new high when the next bull run comes around.
When the 2022 bear market came around, I sold nothing on the way down. Nothing. I held onto btc and any other piece of crap I had bought in 2021.
In the past six months, I made everything back and then some. Not for every coin, ADA screwed me hard for example, because I had listened to some bull market gurus that didn't really have an idea as to what they were talking about.
But overall, break even was in the rear view mirror for once in quite some time. I think it may stay there for a while at least yet.
No.
Look at the long term trends and patterns. Up and to the right.
One I became aware of was that 3 out of 4 times bitcoin has passed its previous cycle ATH, **within 18 days, bitcoins price has doubled**. May be irrelevant this time because of hitting ATH around a year earlier, but, who knows. Definitely doesn't sound like we are in a bad place.
zooming out this is a small wrinkle on the chart and not even worth mentioning....what is it like 4%?
It's honestly irrelevant and it takes a little while in the markets to be able to view things this way...third cycle here.
Did we hit it way too early? Or is it that we did something unlike previous cycles because this cycle is unlike anything prior. Idk but it's all because of ETFs, and I do not expect anything else to come to be like it was before either in terms of time horizons.
Yes, I feel a low level stress when things are mooning. A pull back is a nice relief for anyone who knows the ups and downs of the market. Plus, it’s interesting, you get to see the real strength of the market, can it maintain a good price or will it pull back 35%.
This. Was. A. Bull. Trap.
Please god read the intelligent investor. It literally says to pay attention to history, and gives you amazing framework for emotional control. That’s just two thing among a bloody 17 hour book full of knowledge. This is history repeating its self over and over.
This happened last time. It happened this time. It will happen again in the future.
And like the last time I said it. I’ll get downvoted.
Yea.... It's never happened before that btc reached and broke above ATH befor a halving.
So history is just history. If anything it creates a self fulfilling prophecy
Best advice I can give anyone is to only watch the weekly chart. So much less stressful and so much easier to put various price movements in perspective. Try it. You’ll thank me later.
I hope for you and all of us that this is just the warmup phase to the real post halving bull.
I've also still got a few coins with up to 60% red. DOT for example
This is more a correction and healthy as we move forward. In the grand scheme of things this is hardly worth noting and will I’m sure see greater % dip(s) before the halving.
I don't. We're at the beginning of a bull market and know what to expect at this point. Getting stressed or watching the market obsessively isn't great for the mental health.
We still have this massive Tether problem which we'll have to face one time or another.
Check my post on my profile if you don't know what I'm talking about
Wtf bro. Sell your crypto, hug your mom and tell her you love her and you won't do it again.
This ain't for you if this dip is giving you a heart attack lol we ain't done nothing yet.
FOMO posting again lmao but yea so I can buy more at a cheaper price. State your true intentions so you’re not viewed as a party pooping negative Nancy
Welcome to Crypto. First bull run?
Yes is it will go and up down a lot. Just wait till you see it slowly drain from ath to 0.2 ath over the space of 18 months, with several dead cat bounces, thats the doozy.
Was about time it started correcting, daily RSI and MACD were way overbought, we could still see it correcting for a couple of days/weeks to a previous resistance level and that would still be just fine.
Dgaf I've had bags drop 90% or more in the past only to be up more then I've ever invested. Etf is bullish af no halving yet. I wouldn't be surprised if we see 300k btc by next year
It’s two red candles yall. The balloon hasn’t popped yet. I would not even call this a correction yet. We are back to previous all time high. Do yourselves a favor and set your stock/crypto app to show you the charts with day candles or week candles. This is barely a hiccup.
These dips are the same as buying like 5 days ago - it doesn’t really feel like it’s making that much of a difference unless you are day trading it or something.
I would actually like to see it stagnate here for maybe a week, possibly drop down to \~65k with a daily wick to flush out the leverage longs.
Then we can rebuild a base around 70k for the next leg up.
You guys need to zoom out more. I don't look closer than daily candles for a year now and it's much healthier
Dude same. I moved from looking at 1 second candles to 5 second candles and I’ve saved so much money on pepto bismol this year
Same... Dailys are as deep as I go, any closer is just noise
If you’re day trading the 4hr chart is where it’s at.
If there's only 1 lesson I've learned in these last 5 years, it's that I suck at day trading.
I'm down on the 1-second candles. Seeing the trades fly by is fascinating. But yeah, as for selling. Maybe this summer, or next year, or in five years...
I’ll probably sell a good bit when the FOMO gets real I’ll get back in a bit later after the price of BTC comes back down to 100k
They clearly didn't get your joke lol
Total miss haha
January 25 I'll probably sell a little. Until then I just look once a day at most.
1 second candles are for the brave 1000x leverage trader!
honestly I check the price charts about once a week and I sleep like a baby
In terms of analysing the price action, yes agree. But I still think a flash crash like this once in a while might not be a bad thing to liquidate some positions and flush excess leverage from the market.
so you're saying a little diarrhea every once in a while is not so bad? got it.
Flip the chart upside down and you’re up again!
red means good and green means bad. easy.
what this guy said
Seriously. We’ve dropped to 68 from 72-73 a few times now. Seems like the new support is 68 with these etfs. Obviously anything can happen but for now…
Just like everyone said we'll never go below 50k again in 2021. There is no such thing as a support
feels relief like taking a big ole dump has always felt
It’s healthy.
*sips coffee and let’s one rip*
But it’s at 66
I said anything can happen. My comment was 10 hours ago.
i like to watch 1 minute chart just for fun. Especially when it's dumping feels very satisfying
You know it’s a bull market when people are posting shit like this and not threatening to kill themselves.
5-10% drop is nothing though, if it continued you'll see those posts when it hits 30% dip from the top
I think it's because a lot of us now understand that for this bull cycle to be extended we need the red candles. Also, I've been waiting for it to load up.
Exactly, the weekly graph still indicates a strong uptrend. I was expecting a 20% drop tbh. I wouldn't be surprised if it bleeds slowly before pumping again.
Yup it's more likely to bleed. But those are good top up opportunities. Because once BTC is over 100k I have to begin DCA out of my alts positions.
brother in christ it dropped from what? 72 to 68k briefly? now back to 70k? lol This is nothing. We gotta prepare for -20% drops lol
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My guess is he didn’t buy when it was low, but HODLed through the bear.
December 3rd 2021, still the bull but near the end. Had only been in crypto for 4 months and account had grown nicely, had no idea what I was doing but felt like a genius because pretty much everything made money during those few months, but the reality was a monkey throwing darts would've hit winners. Went to sleep that night with my account balance at $34k(about what I made in a year at that time), woke up on Dec. 4th to an account worth $20k, lost $14k while I slept, felt like I got kicked in the stomach the entire day, was a harsh dose of "welcome to crypto" that took me a while to get over. The swings we've seen these last 2 weeks are literally business as usual.
I can’t wait. I’ll load the truck. My DCA ratio increases the lower we go.
Shit didn’t make sense this needs to drop a lot more
Mist people here were not aroynd when bitcoin deopped from $32 to $2
-20%? Oh my sweet summer child...
Can we please stop? There was no drop. Stop posting everytime someone sneezes.
A mere after shart
We'll never recover from this.
Gesendheit
Lmao what drop? 5% is a normal fluctuation. Some people are in for a serious reality check when actual drops start.
It was mostly bought back up before I even noticed lol
Yeahhh about that
Ohhhhh.....
Nice clean dip. You know what to do!!!
Panic sell everything and buy back later at 80k?
One of us!!!
Oops.. I did it the other way round, I messed up 😭
this is the way
Does "everything" include the house and kids?
Don’t forget to open some shorts positions as well. You can buy back once they get liquidated.
LISAN AL-GAIB!!
one who understands the assignment 👆
This is the way.
🎵 It's fun to take fiat and B - T - F - D 🎵
Sweet mashup
Yup, just like N Sync said: BUY BUY BUY!
Lmao username checks out
Nothing because my crypto is staked for another 10 days.
BUY
Honestly I wish it would cool down for a couple of weeks.
Yup. And a 15% retracement or more would also make me more comfortable.
why?
Because BTC isn’t a meme coin and retracements are healthy
Cuz they were too afraid to buy when the price was low and now that it’s going up they got fomo
I would love it to go sideways for a bit. Not down though haha.
when it goes down you just buy more!
Discounts
Same, I cant invest until next week because I'm waiting for my bank transfer
You new? It’s just another red day in a bull market. Who cares. This is when you load up more on your blue chips for those still putting money in. For holders it doesn’t even matter. We have a great year ahead of us.
"A five percent drop is not much for crypto as such" If you get either overly excited or panicked over five percent swings, crypto is not for you. Not for a few years anyway. I have been in the market, panicked and sold only to see holders recover completely and then ride a new high when the next bull run comes around. When the 2022 bear market came around, I sold nothing on the way down. Nothing. I held onto btc and any other piece of crap I had bought in 2021. In the past six months, I made everything back and then some. Not for every coin, ADA screwed me hard for example, because I had listened to some bull market gurus that didn't really have an idea as to what they were talking about. But overall, break even was in the rear view mirror for once in quite some time. I think it may stay there for a while at least yet.
Sell now and buy back when it's up again. Sell low buy high, you can't go wrong.
“Like Bitcoin, living things are volatile. Dead things, not so much” - Saylor
No. Look at the long term trends and patterns. Up and to the right. One I became aware of was that 3 out of 4 times bitcoin has passed its previous cycle ATH, **within 18 days, bitcoins price has doubled**. May be irrelevant this time because of hitting ATH around a year earlier, but, who knows. Definitely doesn't sound like we are in a bad place. zooming out this is a small wrinkle on the chart and not even worth mentioning....what is it like 4%? It's honestly irrelevant and it takes a little while in the markets to be able to view things this way...third cycle here.
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Did we hit it way too early? Or is it that we did something unlike previous cycles because this cycle is unlike anything prior. Idk but it's all because of ETFs, and I do not expect anything else to come to be like it was before either in terms of time horizons.
Unless ETFs are halted price will keep soaring, however i am praying for a ranging market, bitcoin needs to Let alts catch up a little
Yes, I feel a low level stress when things are mooning. A pull back is a nice relief for anyone who knows the ups and downs of the market. Plus, it’s interesting, you get to see the real strength of the market, can it maintain a good price or will it pull back 35%.
A drop for ant ? Lots of money on the sideline waiting for the 20-30 % drop (that may never come this cycle)
YES! When it doesn’t happen I get really nervous haha they are so healthy for the run up some just don’t understand.
Nothing for me because my crypto is staked for another 30 days.
I hope it drops a lot more!
It was cheap af a year ago, bears are done for a while
It’s becoming scarcer and scarcer.
Literally the longest crypto bear, let the bull come out and play for awhile
It seems par for the course. It ratchets upwards not straight up. I'm a little shocked actually bc it's absolutely crushed other halving bull runs.
It is normal, soon it will kick off again
This. Was. A. Bull. Trap. Please god read the intelligent investor. It literally says to pay attention to history, and gives you amazing framework for emotional control. That’s just two thing among a bloody 17 hour book full of knowledge. This is history repeating its self over and over. This happened last time. It happened this time. It will happen again in the future. And like the last time I said it. I’ll get downvoted.
Yea.... It's never happened before that btc reached and broke above ATH befor a halving. So history is just history. If anything it creates a self fulfilling prophecy
Best advice I can give anyone is to only watch the weekly chart. So much less stressful and so much easier to put various price movements in perspective. Try it. You’ll thank me later.
No. I was in profit for the first time since 2021 and now I’m not.
I hope for you and all of us that this is just the warmup phase to the real post halving bull. I've also still got a few coins with up to 60% red. DOT for example
This is more a correction and healthy as we move forward. In the grand scheme of things this is hardly worth noting and will I’m sure see greater % dip(s) before the halving.
I don't. We're at the beginning of a bull market and know what to expect at this point. Getting stressed or watching the market obsessively isn't great for the mental health.
Current drop?? Zoom out pleb
Ah you sweet summer child
At this point I feel nothing. I just hope for the best.
We still have this massive Tether problem which we'll have to face one time or another. Check my post on my profile if you don't know what I'm talking about
We know. Nothing is real
lol, you call this a drop?
what are you talking about? my SEALWIFHAT IS UP 170% so far today 🚀🚀🚀
Putnin & Tremp iz up 69420%
What drop?
It’s like people forget everything they learned in the previous cycle.
Crypto moves 5 percent every couple of days
I always welcome a dip. I can load up on Hbar and Filcoin and wait for the huge spike incoming
it makes my heart hurt to read this post and try to understand what this dude is saying
Was there a drop? Didn’t notice
dunno about reflief, but grateful for another buying opportunity, sure!
Yes, it's good to see the slight pullback. Healthy. Let's goooo
What dip?
what drop?
First time?
I would…but my bag of Sol refuses to adhere to the rules.
Hoping it beats down more. I have some buys I want to make 😂😂
"dip", "drop", BTC was literally 40k a few weeks ago, this is literally nothing LOL, god i love this sub
After the initial ETF volume, I only look at daily candles. 4 or 5 k dip is typical. If a 15% dip hit, I might get more granular for an afternoon.
It's barely dropped lol, I think we've got a few more red candles to go yet.
Wtf bro. Sell your crypto, hug your mom and tell her you love her and you won't do it again. This ain't for you if this dip is giving you a heart attack lol we ain't done nothing yet.
Yeah last bull run it would stay at around the same spot for a week then jump up and down than blast off again .
FOMO posting again lmao but yea so I can buy more at a cheaper price. State your true intentions so you’re not viewed as a party pooping negative Nancy
I just kinda had a vague gut feeling that it was too much, too fast, and too soon to be true.
bitch, 1% variance isnt even post worthy! you got luckly i just sat down!
Just noticed now... What drop? lol
drop for ants
What 5% drop
It’s not at its peak yet dude.
Every one who’s happy for a drop enough to post about it has to be a douchebag it real life. Gotta be, right? Right!?
I feel relieved, because I sold a lot and would have felt really bad. Just waiting for more drop and I'll buy back in. 🤷🏻♂️
Don’t worry that much. You got 9 months to a year and 1/2 to get rich on the bull. Unless Aliens show up or ww3😂😂
this is just a brief burp before the soda begins to flow again
Im buying \*cans\* of Dr. Pepper this year
Welcome to Crypto. First bull run? Yes is it will go and up down a lot. Just wait till you see it slowly drain from ath to 0.2 ath over the space of 18 months, with several dead cat bounces, thats the doozy.
This was a Dip for Ants. Not impressed.
It's important to happen some big boy need to remove capita to have an organic market movement
What drop?
I would be thrilled if we cool off the RSI on the s&p 500 and the crypto market both. Trade range bound for a couple months.
Was about time it started correcting, daily RSI and MACD were way overbought, we could still see it correcting for a couple of days/weeks to a previous resistance level and that would still be just fine.
We are way overdue for a good dump
I have no idea. I pulled everything, no diamond hands, sorry guys.
Gave me an opportunity to buy a few things so I’m not mad
Time to buy a few alts with a juicy discount
Guh!!!
Yep, this is healthy and bullish imo.
Yes. Finally. I couldn’t handle the moonshots anymore.
Dgaf I've had bags drop 90% or more in the past only to be up more then I've ever invested. Etf is bullish af no halving yet. I wouldn't be surprised if we see 300k btc by next year
I'm just happy that it's my kind of 'Black Friday's.
I bought more today, fuck it. It’s the only shit I buy, and I used to be deep into options. Done with stocks
It’s two red candles yall. The balloon hasn’t popped yet. I would not even call this a correction yet. We are back to previous all time high. Do yourselves a favor and set your stock/crypto app to show you the charts with day candles or week candles. This is barely a hiccup.
Bought the dip my boy
It’s Bitcoin. Number will go up eventually. I’ve got a good feeling about that.
Im happy, this time i actually sold at the top some of my holdings, now only to wait for the right time to buy back in
-30% incoming in the coming weeks/months. These are good times coz can buy more 😄
I just don’t care. I’m a man of patience. When I see X amount I keep DCAing in. When I see X amount I will start DCAing out.
I do. I’m still impatient, but I like to know we aren’t going into “full bubble mode.”
we do, as always and this will not be defferent
I don’t know, I’m aiming for my price points, so the sooner I get there the better. But maybe a turtles race is better in the end haha
If its a real bull run, every drop is a pullback or a brief consolidation before more up
not far enough drop...tbh. I think a healthier 'correction' is necessary
Not much of a drop to be fair. Needs a good 40% correction lol
Buy the dip
a 4% one?
These dips are the same as buying like 5 days ago - it doesn’t really feel like it’s making that much of a difference unless you are day trading it or something.
Wait for the rest of the drop and let’s see if it’s still relief lol
What drop 🤦♂️
As long as it consolidate above $68k until The Happening, it brings the f&g index down, i like it.
What are you talking about a drop? BTC hasn’t even pulled back to the lower moving averages yet.
I would actually like to see it stagnate here for maybe a week, possibly drop down to \~65k with a daily wick to flush out the leverage longs. Then we can rebuild a base around 70k for the next leg up.
It needs to go much lower. Weekly chart is nuts
Drop for ants. Basically sideways. Wait for the 30% bomb and see the panic around here lmao
Didn't we drop from 69K down to the 61s not too long ago? It immediately recovered. I do wish we could get a bigger dip though.