We have seen this before, Bitcoin makes a big move then consolidates as Etherium and Litecoin play catchup, I own all three of these
From a % Etherium is the winner, but if we get a correction Etherium will likely lead down
2 Likes
looking at the 4hr chart, Bitcoin is going through consolidation while Etherium keeps pushing higher
A friend just asked me last week about ETH/BTC because her mom group friend is âsellingâ them. I think weâre getting there based on that. Theyâre using Facebook groups to âgain members.â Sounds a bit like the top to me but maybe thatâs just a tiny tiny group?
1 Like
Going down to the 1hr chart, we had our pullback and an engulfing reversal and now up we go,
I would love to buy more here, but the smart money waits for the correction
Yes itâs a tiny group and I notice they are selling them not buying
They probably bought at the high last time and likely been under water three years.
Donât worry they will be buying back when prices are much much higher, remember the investing public are completely incompetent when it comes trading - that is why itâs always good to keep an eye out on what they are doing.
As it stands I see zero mainstream interest in bitcoin, which is a healthy sign
Itâs possible a short term top is in, but itâs just as likely we will blast past 20K in a heart beat.
If people are expecting meaningful corrections to buy, they are likely to be disappointed.
Institutional money is a total game changer for bitcoin. Forget the idea of buying pizza with it, corporate treasurerâs, hedge funds, and last to the party pension funds will take up what left.
Bitcoin is a financial asset now not some little currency for nerdy gamers
As a former silver bug, Iâm wary of the dangers of crazy price projections but if there is one asset in my lifetime to scale unfathomable heights itâs bitcoin
1 Like
Oh youâve seen them too? 
Yeah none of my friends are asking me about it yet unlike back in 2017.
Def a quotable quote right there!
1 Like
Itâs almost at 20k! Do you guys think it will rally past that level?
impossible to say but from a technical view, hitting a new all time high then pulling back below 20K , consolidate for a few weeks then blow through 20K , that would create a massive multi year cup with handle bullish formation, If it happens I will be buying the pullback, I am also looking at adding to my Ethereum and Litecoin positions as these will be pulled up by Bitcoin
My concern here is the speed of the climb. Reminiscent of the rise in 2018.
Not a level Iâm comfortable buying at.
Big pullback today, some sideways consolidation would be nice here
We had months of prices below 10K , I donât know if we will ever see prices that low again
Just under $17k.
IF it continues down below $15k I may consider, $12k would be better still.
1 Like
Me too. I wouldnât touch it before it has fallen further though.
1 Like
A one-day flash crash affected the whole market and we still almost got a green weekly candle
Do we get a correction now, some sideways consolidation, or do we go on to takeout the all time high
Like everyone else here I am a buyer on a meaningful pullback
Has anyone tried buying Bitcoin on Paypal yet, I may give it a try as my Coinbase account has gotten uncomfortably large during this run. My understanding is with Paypal you will not actually own the coins, no private keys will be given, Paypal keeps ownership of the coins, you are purchasing a right to the coin.
the good thing is the more financial institutions that offer Bitcoin accounts the harder it will be for the goverment to try to shut it down
TradingView has Bitcoin breaking its all-time high, Price up over $1600 at days high, Hold on things get interesting from here
Whats your thoughts? The speed of the rise and similarities with 2018 are holding me back.
I donât suppose Paypal buying the bulk of newly mined Bitcoins has hurt the price
If anything it will cause price to go up, Paypal owns Bitcoin at a much lower price than where it is today so when people buy Bitcoin on Paypal they are allowing Paypal to lock in profits
Personally I would like to see a price correction here, maybe we get down to 15K but donât count on it, any dip I am buying