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+--- Thread: We are under the previous ATH now (sub 20k) (/showthread.php?tid=6209852)
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We are under the previous ATH now (sub 20k) - Caliban - Jun 18, 2022
What are you doing now? Panic selling or buying the dip even more? Or just HODL?
To me it seems like some whales or exchanges are hunting for liquidations. 3AC apparently already got nuked but Celsius and maybe some others have put up more collateral and will get liq'ed a bit lower in the 15-18k range.
I think we will violently bounce back from this but its hard to tell when. Could still take some days.
What are your thoughts on this current dump? Are there any reasons im not aware of? Maybe institutional money leaving and its only retail buying the dip, which doesnt create enough buy pressure?
RE: We are under the previous ATH now (sub 20k) - wraxu - Jun 18, 2022
Of all the sites, HF users should know Bitcoin and crypto is cyclical. We've seen this time after time. We're gonna drop a whole bunch more. I'll buy back slowly through Q3 2022 to Q1 2024 when the recession is in full swing and crypto is at a mega discount and wait for the next bull run.
Definitely gonna be an opportunity for generational wealth when we run next.
RE: We are under the previous ATH now (sub 20k) - ep1capple - Jun 18, 2022
waiting for some of my funds to unlock in the coming days so I can start dcaing into this
RE: We are under the previous ATH now (sub 20k) - Maskin - Jun 18, 2022
(Jun 18, 2022 04:36 AM)wraxu Wrote: Of all the sites, HF users should know Bitcoin and crypto is cyclical. We've seen this time after time. We're gonna drop a whole bunch more. I'll buy back slowly through Q3 2022 to Q1 2024 when the recession is in full swing and crypto is at a mega discount and wait for the next bull run.
Definitely gonna be an opportunity for generational wealth when we run next.
The bottom could be hit anytime. BTC is extremely oversold and if history is to repeat itself, we shouldn’t drop that much more from current prices (percentage wise).
My point is, you might aswell start your dca a month or two earlier if your plan is to dca for over a year anyway.
Also, the not anymore so popular 🌈 chart says we should buy.
Spoiler (Click to View)
![[Image: 5046598-D-D1-D5-479-F-A888-E741873-E4859.jpg]](https://i.ibb.co/N1p31Kc/5046598-D-D1-D5-479-F-A888-E741873-E4859.jpg)
RE: We are under the previous ATH now (sub 20k) - The Host - Jun 18, 2022
This was very unexpected. But will continue to hodl and buy more on the way down.
RE: We are under the previous ATH now (sub 20k) - wraxu - Jun 18, 2022
(Jun 18, 2022 05:30 AM)Meh Wrote: The bottom could be hit anytime. BTC is extremely oversold and if history is to repeat itself, we shouldn’t drop that much more from current prices (percentage wise).
My point is, you might aswell start your dca a month or two earlier if your plan is to dca for over a year anyway.
Also, the not anymore so popular 🌈 chart says we should buy.
Spoiler (Click to View)
If history repeats itself as I expect to with crypto, the bottom for ETH is around 50-60% and BTC around 45% ish lower than currently. Although I agree with the sentiment of DCAing over time, I don't believe we're within the range which would be wise to do so.
You have to remember, this is the first time we're in a crypto bear market during a recession and a cost of living crisis (inflation). So we could go ever lower, especially with institutions/mmers being so bearish.
EDIT: That charts ratio's seem to be off. I have a bunch of 3Y ATH/ATL low calculations for each cycle and I've got the bottom slightly lower. I guess its because we didn't hit the "top top" that was expected of the chart
RE: We are under the previous ATH now (sub 20k) - Crypto - Jun 18, 2022
I think worst case scenario is seeing BTC hover around $12k for a bit be4 breaking $20k again and forming somewhat of a stable line there be4 seeing new ath's.
RE: We are under the previous ATH now (sub 20k) - Net - Jun 18, 2022
No point in selling right now. Will just have to hold the bag I have right now and let it grow passively with other methods.
Maybe towards the end of the year when the dust settles I will probably DCA.
RE: We are under the previous ATH now (sub 20k) - xPlutus - Jun 18, 2022
There is a big demand zone + imbalance at 788.71 for eth which will most likely get filled sooner or later.
These is a big demand zone + imbalance at 12045.8 for btc which will most likely get filled sooner or later.
RE: We are under the previous ATH now (sub 20k) - Lilith - Jun 18, 2022
Anyone selling right now never believed in the technology in the first place or was overextended because of arrogance or lack of experience.
RE: We are under the previous ATH now (sub 20k) - shreder - Jun 18, 2022
(Jun 18, 2022 07:01 AM)Yoda Wrote: There is a big demand zone + imbalance at 788.71 for eth which will most likely get filled sooner or later.
These is a big demand zone + imbalance at 12045.8 for btc which will most likely get filled sooner or later.
if there is a demand at that zone it won't be hit, it will be hit slightly above.
I just bought a huge bag of BTC/ETH. The Warchest pile is sitting at 60% down from 95%. The remaining 60% will buy the retarded numbers at the chance BTC/ETH drop into oblivion.
RE: We are under the previous ATH now (sub 20k) - xPlutus - Jun 18, 2022
(Jun 18, 2022 08:12 AM)shreder Wrote: if there is a demand at that zone it won't be hit, it will be hit slightly above.
I just bought a huge bag of BTC/ETH. The Warchest pile is sitting at 60% down from 95%. The remaining 60% will buy the retarded numbers at the chance BTC/ETH drop into oblivion.
Indeed man forgot to say it was a daily imbalance and demand zone so the buying will be done on the lower timeframes within that daily candle giving a greater chance that the daily demand zone won't get hit.
If you got alerts set on TV maybe you can get into the right m15 timeframe for your buying opportunity if youre structure is displayed correctly on the charts.
Today is a deadcat bounce starting with accumulation in the morning and at the end distribution:
![[Image: H7om6W4U.png]](https://s3.tradingview.com/snapshots/h/H7om6W4U.png)
RE: We are under the previous ATH now (sub 20k) - Grim - Jun 18, 2022
(Jun 18, 2022 04:36 AM)wraxu Wrote: Definitely gonna be an opportunity for generational wealth when we run next.
Yep agree with this especially if you are young next few years could be a game changer for you to start investing.
RE: We are under the previous ATH now (sub 20k) - Driz - Jun 18, 2022
Best time to buy imo, you know what BTC can do lol. As long as there's viable use cases for BTC, its not going anywhere.
RE: We are under the previous ATH now (sub 20k) - DarkWebInsider - Jun 18, 2022
This is pretty brutal, eight months of bearish momentum with barely a bounce the whole time. Sentiment is in the gutter, I'm not sure I've ever seen it so bad