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Wise move IMHO. This is a long term hold. It is going much higher. Pay no attention to the FUD.
Not investment advice.
DEAD CAT BOUNCE.... NOTHING MORE!!!!!!
Bitcoin, Ethereum Aim to Rebound From Brutal Downturn
Jan. 24, 2022
Bitcoin and Ethereum are holding on a pivotal point on their trends that could lead to rebound or capitulation.
Key Takeaways
Bitcoin and Ethereum have lost more than 50% in market value since late November.
Multiple on-chain metrics show that both assets have reached a strong foothold.
Still, buy orders must increase rapidly to allow BTC and ETH to rebound.
Bitcoin and Ethereum appear to have reached a critical support level following a major market correction. Although the downtrend may not be over, there are reasons to believe that a relief rally is underway.
Bitcoin Readies to Rebound
Bitcoin looks primed to bounce off support after incurring significant losses.
The flagship cryptocurrency has been in a downtrend for the last three months, shedding more than 35,000 points in market value. The sell-off has pushed prices below the psychological $40,000 barrier. The asset took a plunge along with the rest of the market from Thursday through Saturday, before dipping further to hit a six-month low of $32,850 today.
Although many demand walls have been broken on the way down, BTC appears to have found stable support.
Glassnode’s UTXO Realized Price Distribution (URPD) model shows that a large concentration of BTC tokens was last moved around $33,000. Such market behavior makes this price point one of the most significant support zones underneath the number one crypto.
The Tom DeMark (TD) Sequential indicator adds credence to the optimistic outlook. It currently presents a buy signal on Bitcoin’s daily chart. The bullish formation developed as a red nine candlestick, which is indicative of a one to four daily candlesticks upswing.
It is worth noting that the URPD model also shows little to no support below $33,000. Breaching the critical area of demand could create a capitulation event that results in further losses. Under such circumstances, Bitcoin could crash to $19,500—a key historical level not seen since December 2020.
Ethereum Finds Stable Support
Ethereum appears to be forming a local bottom while the Crypto Fear & Greed Index shows that market participants are displaying signs of fear.
More than $640 million worth of long ETH positions have been liquidated across the board over the past week. As ETH plummeted 32%, overleveraged traders were among the hardest hit. Now, ETH appears to have found a strong foothold.
IntoTheBlock’s In/Out of the Money Around Price (IOMAP) model shows that nearly 360,000 addresses have purchased 9.6 million ETH around $2,200. This has created a significant demand wall that could prevent prices from dipping further and serve as a rebound zone.
Ethereum Transaction History
Source: IntoTheBlock
The TD Sequential supports the bullish thesis as it currently presents a buy signal on Ethereum’s daily chart. The formation of a red nine candlestick is indicative of a one to four daily candlesticks upswing or the beginning of a new upwards countdown.
To validate the optimistic outlook, ETH would have to overcome the $2,500 resistance level to approach $3,000.
Source: TradingView
The $2,200 support level is a major one for ETH. Any signs of weakness could discourage investors from re-entering the market. In turn, this could result in a downswing to the next key level at $1,700—a level that ETH last saw as a local bottom in July 2021.
HOW? MSTR DOESN'T HAVE MUCH CASH LEFT, IT WILL BE FACING SOLVENCY ISSUES VERY SOON!!!!!
You know Michael is gonna load up on a shid ton of BTC.
MSTR $363.00 -94.53 (-20.7%) ... INSOLVENCY DOWN THE ROAD???
Net Income Avi to Common (ttm) -442.84M
Total Cash (mrq) 56.98M
Total Debt (mrq) 2.24B
Operating Cash Flow (ttm) 115.91M
Levered Free Cash Flow (ttm) -2.62B
MSTR $375.89 -81.64 (-17.8%) ... $200'S COMING NEXT!!!!!!
MSTR $398.88 -58.55 ... I SAID THIS STINKING POS WOULD FALL BACK TO THE $300'S!!!!!!!!!!!
$440.00 -20.42 (-4.4%) CRASH AND BURN!!!!!!!!
MSTR AH $447.88 -12.54 SAYLOR GOING DOWN WITH THE SINKING SHIP!!!!!
MSTR CLOSED $457.53 -2.89 DON'T LISTEN TO PUMPTARDS!!!!!
Re: LoL ing at how it's now at up over five hundred and 20 !
MSTR WAS AT $900 IN NOVEMBER ($1,300 IN FEBRUARY) AND LONGS ARE CHEERLEADING A DEAD CAT BOUNCE OFF $459???
SERIOUSLY????
LoL ing at how it's now at up over five hundred and 20 !
$459.36 -23.59 .... MSTR GOING BACK TO THE $300'S !!!!!
MSTR WAS AT $900 IN NOVEMBER ($1,300 IN FEBRUARY) AND LONGS ARE CHEERLEADING A DEAD CAT BOUNCE OFF $459???
SERIOUSLY????
Hope you didn’t short it. LOL
GLTA
$459.36 -23.59 .... MSTR GOING BACK TO THE $300'S
$481.0 -17.62 MSTR IS CRAP!!!! GOING LOWER!!!!!!
MSTR update for new X_DEV spreadsheet users:
MSTR update
Bought the Dec 850 call today to add to my Jan 2023 500 call
She moves fast when she moves!
May be $1000 by Friday GREEN GRASS & HIGH TIDES
Look at her run today!
MSTR loaded with Bitcoin and Bitcoin going to $97K by eoy imo
WOOHOOOOOO MSTR WOOHOOOOOO
Huge BREAKOUT TODAY over $800!!!
M S T R $1000 TARGET PRICE WOOHOOOOOO
And it’s also a lot higher than it’s 62 week low of $159.54…
Do you have a short position or are you a peanut gallery member?
Volt Equity Crypto ETF approved!
Will have Microstrategy in its portfolio!,
Now, this is GOOD news!!
GLTA
No need for negativity....
MSTR is doing great. In 6 days (from my last post)
MSTR buy and holder increased ROI from -7% to +26%
X_DEV 'r increased ROI from +117% to +162%
So turn that frown upside down. MSTR will be at new highs before the end of the year. And even if it doesn't there is still plenty of money to be made.
What? I simply went back in time on the chart to when it was first trading at this price!
Besides, MSTR is way lower than its high of $1,315.00.
,It’s laughable how you pick arbitrary timeframes to compare the current price to.
Why not choose the price increase since July?
Central bangs won’t do anything because there is too much institutional investment in Bitcoin now.
It’s your choice…ride the train or get run over by it…
Don't get too cocky, MSTR is back to February prices so it hasn't gone anywhere in 8 months. The next time Bitcoin gets slammed MSTR will go down with it.
Bitcoin will be snuffed out by the central banks, its only a matter of time.
Down to $300’s like you predicted in July?
Please keep predicting lower as I use you as a contrarian indicator….
MSTR is going up!
I nicknamed MSTR "Monster" cuz she's a Monster mover!!!
Chart filled the gap almost to the penny, now it's all up from here! BTC going to 97K by EOY
MSTR is still back at January prices, looks like it will go lower.
Well, maybe not
GLTU
MSTR BACK TO JANUARY PRICES... WHAT A POS!!!!!!
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