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    [Daily Discussion] - Saturday, March 13, 2021 Bitcoin Markets

    March 13, 2021

    [Daily Discussion] - Saturday, March 13, 2021 Bitcoin Markets

    [Daily Discussion] - Saturday, March 13, 2021

    Posted: 12 Mar 2021 09:00 PM PST

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    submitted by /u/AutoModerator
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    Bitcoin Storm Tracker: March 13th 2021 Weekly Recap and Projection

    Posted: 13 Mar 2021 08:35 AM PST

    TL;DR - The market is heating up, and the possibility of a cycle top by the end of June. Keep in mind more information could change this, but this week we make our first "cycle end" forecast.

    • We could see another local dip if the price rises above $70k in the next week. Last time the model predicted a local dip, the dip came early, so might be worth keeping that in mind.

    • End of March-Early April we could enter another consolidation zone, probably above $55k. Previous dips have stayed above the local ATH of the previous dip, so that implies we stay above $58k for the next local dip.

    • Moon math indicates we enter market euphoria mid-April when the price flirts with $100k. If this plays out, we could see $200k by mid-May and a cycle end before the end of June. Dare I say $500k is in play if interpreting the model after consuming too much hopium (although this is unlikely).

    • With more speculative lenses on, a 80% correction implies a bear market bottom in the next few years of $40k-100k.

    The price action this past week has been exciting! It has returned to its all time high (ATH), and broken it, although at the time of writing it's not clear if it will breeze through or if $60k will have some resistance as profit taking occurs at that level. Last time we recovered to the ATH from a dip, there was a small correction before moving upwards again.

    For the upcoming week, once the price decisively claims the ATH, we should see a short term rise until another correction. This could happen in the next week, but almost certainly will happen in the next two weeks. That said, we may be entering a more frenetic phase in the bull cycle and dips will occur over shorter timeframes.

    Above $70k is a price to look at for when a local dip seems likely. In theory, we could reach $100k as soon as the next few weeks as its right at the upper 95% confidence band, although this would also mean a more intense local correction.

    More moon math in the full post.

    Full post here: https://numbermath.substack.com/p/bitcoin-storm-tracker-march-13th

    submitted by /u/DROP_DATABASE_USER
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    Bitcoin, cultural shift or a get rich quick scheme ?

    Posted: 13 Mar 2021 04:50 AM PST

    So let's talk about the Elephant in the room, in your opinion why "most" people here (or any Bitcoin sub) so eager to discredit new blockchain innovations? IMO cryptocurrency revolution suppose to represent new thinking, but this community becoming the very monolith it suppose to break, bitcoin community basically became the big bank we all hate (just like apple became just like IBM).

    For example we have people here comparing NFTs to beanie babies, now when no coiners make same argument we discredit them as ignorant and too old school, but here we are. People too quick to call anything new as a scam , even ETH to this day .. like WTF.

    I honestly dont understand the mentality of these people, are they here only for money (that will make sense if you only invested on Bitcoin and discrediting anything else will financially make sense, but that's also a ponzi scheme).

    What Bitcoin revolution mean for you ?

    submitted by /u/buddhist-truth
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    Hitbtc does not withdraw money trader with cancer.

    Posted: 12 Mar 2021 05:01 PM PST

    I want to start BTC trading, plz help me to start.

    Posted: 12 Mar 2021 04:58 PM PST

    I am a beginner in this sector. I am a professional Digital marketer. I am working for lots of companies and individuals for the last 4years. now I want to start BTC trading besides my marketing business.

    ​

    do you guys recommend me something how can I start and do I have to invest money or not?

    submitted by /u/mikecrewf
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