[Daily Discussion] - Wednesday, August 04, 2021 Bitcoin Markets |
- [Daily Discussion] - Wednesday, August 04, 2021
- BTC 1 day analysis 8/4/2021
- Market Makers, and How to Time the Top
- BITCOIN ANALYSIS
- If BTC goes to zero, which Alts do you think will have value and why?
| [Daily Discussion] - Wednesday, August 04, 2021 Posted: 03 Aug 2021 09:00 PM PDT Thread topics include, but are not limited to:
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| Posted: 04 Aug 2021 05:27 AM PDT (The red and green arrows are the Aurox Indicator and they recommend a buy or a sell. Red indicates where you should sell and green indicates a buy zone.) Good morning everyone! I have the daily for BTC pulled up today and it seems the bulls rallied as we were approaching outer space. Right now we are fighting the 100 EMA on the daily. It is now resistance. I drew the 4hr 100 EMA below the candles as well to show you all that there is some support. I consider it weak and there isnt much between us and that daily 50 MA below. The good thing about the 50 MA is it is seemingly lined up with that bottom border of the cloud. Double support always garners more confidence. But don't get cocky. We still have a gap between 32500 and 34500 below. I forgot to mention we did establish a higher high. It may not amount to much but it's worth mentioning. ETH EIP 1559 was delayed til tomorrow, not because the people at ETH are incompetent. Rather the update is set to launch at a certain block and it will be reached on the 5th. ETH and all alts are tied to BTC. If there is a big drop the alts follow. Well if ETH drops will BTC fall? I remember events like this in the past and they build up to the event and a percentage of investors sell. Not everyone. But the ones that wanted to get in on the possible pump. I cant guarantee anything but from my experiences I say set a stop loss and alerts. The drop may be too fast to trip that stop. We are still above the cloud (BTC and ETH) so its still sunny out. This market is unpredictable and one should use all the risk management at your disposal in order to avert the volatility and the risk that accompanies it. Proceed with caution. The bears are like the orcs on LOTR. They may not be as smart as the bulls, but there are many of them. WTFDIK??? TLDR: No matter if the bull run is over or not, next halving load up. Look what happened in the last few halvings. [link] [comments]  |
| Market Makers, and How to Time the Top Posted: 04 Aug 2021 09:09 AM PDT |
| Posted: 03 Aug 2021 04:50 PM PDT #BTC 4 hr TF: #BTC has retraced down to 38.2% fibonacci yesterday and managed to hold from that area. We shall wait and see if it will bounce from the 20 MA (middle band) and continue its ascent. Next resistance levels would be at 39.5k follwed by 40.5k and 42.6k. Support levels would be at 37.6k followed by 36.4k in the short-term. Current RSI is at 57. [link] [comments]  |
| If BTC goes to zero, which Alts do you think will have value and why? Posted: 04 Aug 2021 08:51 AM PDT In the recent market dip and the previous rally before it, most people new to bitcoin observered one trend, the price of Alts move in tandem with bitcoin. However for those new to cryptocurrency and trading Alts, we struggle to see the direct connection between Bitcoin and Alts, and why the influence on Bitcoin is as heavy as it is over other cryptocurrencies. So, a hypothetical test to uncover the relationship between bitcoin and other actions could be to set the value of bitcoin to zero. In this instance, which Alts do you think will have any value? [link] [comments]  |
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