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    [Daily Discussion] - Sunday, April 04, 2021 Bitcoin Markets

    [Daily Discussion] - Sunday, April 04, 2021 Bitcoin Markets


    [Daily Discussion] - Sunday, April 04, 2021

    Posted: 03 Apr 2021 09:00 PM PDT

    Thread topics include, but are not limited to:

    • General discussion related to the day's events
    • Technical analysis, trading ideas & strategies
    • Quick questions that do not warrant a separate post

    Thread guidelines:

    • Be excellent to each other.
    • Do not make posts outside of the daily thread for the topics mentioned above.

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    submitted by /u/AutoModerator
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    Bitcoin Storm Tracker: April 3rd, 2021 Weekly Recap and Projection

    Posted: 03 Apr 2021 10:12 AM PDT

    TL;DR - Yet another week of sideways action. Short update this week because not much has changed structurally. Bullish hopes lie with April, the month of rebirth and rain.

    • Stable prices this week, resistance keeping prices below $60k.

    • Growing overextended leveraged positions could mean we have a brief swing lower, but all indications show that the market is anticipating a breakout.

    • The LPPL model is making a similar "rising price trend" prediction this week, but $50k is the statistical floor (~95% confidence). This has increased from about $45k predicted last week.

    • The mean price predicts a test of $100k by the end of April. We have recently been undershooting this level, but if euphoria takes hold this month, this is a statistically realistic possibility.

    "How about this week?"

    While the model is refit every week, we can look at the current fit to try and understand how the model is currently "thinking about" the previous $60k tests. According to the model fit, the first test was an overextension of the previous rally that broke the previous $50k (or €40k ) resistance, and the price then checked the lower confidence bound. The second test confirmed the average price as the model predicted sideways consolidation. This third test occurs below the expected price, right as the model expects a new rally through the month of April. Using this "statistical hindsight," this test looks to have a better setup for a price rally than the previous two. Time will tell, but as we've come to expect, the LPPL model is bullish.

    Full post here: https://numbermath.substack.com/p/bitcoin-storm-tracker-april-3rd-2021

    submitted by /u/DROP_DATABASE_USER
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    [Daily Discussion] - Saturday, April 03, 2021

    Posted: 02 Apr 2021 09:00 PM PDT

    Thread topics include, but are not limited to:

    • General discussion related to the day's events
    • Technical analysis, trading ideas & strategies
    • Quick questions that do not warrant a separate post

    Thread guidelines:

    • Be excellent to each other.
    • Do not make posts outside of the daily thread for the topics mentioned above.

    Other ways to interact:

    Get an invite to live chat on our Slack group

    submitted by /u/AutoModerator
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    Ready to invest, but I don’t really know anything about investing

    Posted: 03 Apr 2021 10:23 AM PDT

    I've been saving up for a couple of months and have got £2000 that I'm wanting to invest into Bitcoin. I've done some brief research and found Coinbase as an app that keeps popping up. However, other than hearing about stocks and crypto investments through Reddit, I don't really know a lot.

    What's the best platform to use to invest in Bitcoin - mostly short term stuff, less than a year and maybe with the hopes to looking into long term.

    Should I wait until there's a drop in price before investing or should I do it as soon as I can?

    submitted by /u/harshnoisebestnoise
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    Bitcoin symbol spotted in Falcon and the Winter Soldier ep3.

    Posted: 03 Apr 2021 01:21 AM PDT

    Best way to buy right now to hold long-term

    Posted: 02 Apr 2021 11:56 AM PDT

    I have decided I want to get up to one bitcoin and hold it for the next 1-3 years on BlockFi. Right now I have about 0.2 btc. What do you guys think would be the best way to do this? DCA a small amount everyday over like the next month; wait for a dip and go all in (what if it never comes); or just buy now before the price shoots up? If it goes up to what it's predicted to be in a couple of years than these small price differences will be inconsequential, but I'm still trying to pick the best method that I can. Thanks.

    submitted by /u/Henry1322
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    Is Bitcoin beyond a BAN in the USA? What do you think? ⚡️��

    Posted: 02 Apr 2021 03:25 PM PDT

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