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    [Daily Discussion] - Friday, January 29, 2021 Bitcoin Markets

    January 29, 2021

    [Daily Discussion] - Friday, January 29, 2021 Bitcoin Markets

    [Daily Discussion] - Friday, January 29, 2021

    Posted: 28 Jan 2021 09:00 PM PST

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    submitted by /u/AutoModerator
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    The case for $64k BTC by Summer

    Posted: 29 Jan 2021 07:18 AM PST

    https://www.tradingview.com/x/eW2eQqxy/

    ​

    Currently, there's a BEAUTIFUL BULL FLAG ON THE WEEKLY!!!

    Bull Flag on the Weekly is a very good indicator for many reasons.

    1) The longer the time frame, the bigger the move

    2) Bear Volume is decreasing while Bull Volume has greatly increased this week.

    So why $64k?

    • I measured the breakout from $20k to $42k which averaged around 110% give or take.
    • From there I measured from $28k (Weekly Support) to that 110% again which puts us right around $60k.
    • Institutional support is growing and as this new covid strain spreads we'll see fiat go down as it did last year. Bitcoin did fantastic and I am 100% convinced it will rock everyone's world this year.

    Now you may ask, why $64 when the measurement comes out to $60? Well, at that point I expect the frenzy to really kick off with some shorts getting cleaned out.

    submitted by /u/Sebt1890
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    Today's GME drama shows a huge value of Bitcoin, and crypto in general

    Posted: 28 Jan 2021 01:20 PM PST

    I'm not even involved with WSB and its stocks, and what Wall Street and the brokers did today to retail is unforgivable. None of the shenanigans we saw today with GME, AMC, etc can happen in a truly decentralized and thus free market.

    Part of the reason we are in crypto is to escape the exact kind of oppression we saw in the traditional markets today. We're not perfect yet, but with DeFi taking off we're getting there. So if you didn't have diamond hands with your Bitcoin, Ethereum and etc. before today: I hope you do now.

    submitted by /u/blkblade
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    ChangeNow, both the app and webpage, are a fucking scam...

    Posted: 28 Jan 2021 04:18 PM PST

    Not much to say, I close the transaction, sent the requiered amount to the address, then there's an error before they send me the exchanged coin, and 5 hours later they still haven't responded or fixed anything...

    I've written emails to every support account they have, touched all the report buttons, made all the requests, and nothing.

    All responses are clearly automated. What pisses me off the most is that all this for no more than $30 worth of DOGE.

    So yeah, these guys are fucking scammers, don't use their app or page.

    submitted by /u/suicide-kun
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