JoeLeeSocks and BTC

[Jeffreauxdawg]

Okay Bitcoiners.... We are into June and it looks like that retest of the $30k are is on the table. It will bounce when it gets there most likely, but not sure how high. If it bounces above the red dashed line at $33-34k that's good. I may reenter at that point. If it bounces less than that or just knifes right through $30k and my big green line, $20k is the next stop. This looks real head and shoulders like to me. Need to be prepared for either outcome. But don't try to buy the bottom of this if you are trading like me, it will whipsaw you big time. Catch it on the ride back up if you are going to buy. $30k could be a big bull trap.


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I will post this one again, because Fib levels don't usually lie. We are on the border of the caution zone. The big whales and institutions use algos to sell of their positions. Below 30K will trigger massive selling and retail doesn't have the buying power to stop a crash if a few hundred billion in BTC goes on a fire sale.

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Finally, I saw this on twitter somewhere a while back. Buying the dip makes you look like a genius in an uptrend or parabolic move. It will destroy you in a down trend if you aren't committed to long term accumulation. Ultimately, its not always about buying the dip. Sometimes the real winners are the ones that sell the rip.

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There are a lot of bullish cases for BTC, but there are also a lot of bearish ones. Stay frosty.

 

[mstateglfr]

17 waiting for that $30k bounce and guessing what will happen next. Come join a different revolution- Bitconnect!
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[Apoplectic_Objurgator]

Okay Bitcoiners.... We are into June and it looks like that retest of the $30k are is on the table. It will bounce when it gets there most likely, but not sure how high. If it bounces above the red dashed line at $33-34k that's good. I may reenter at that point. If it bounces less than that or just knifes right through $30k and my big green line, $20k is the next stop. This looks real head and shoulders like to me. Need to be prepared for either outcome. But don't try to buy the bottom of this if you are trading like me, it will whipsaw you big time. Catch it on the ride back up if you are going to buy. $30k could be a big bull trap.


View attachment 20526


I will post this one again, because Fib levels don't usually lie. We are on the border of the caution zone. The big whales and institutions use algos to sell of their positions. Below 30K will trigger massive selling and retail doesn't have the buying power to stop a crash if a few hundred billion in BTC goes on a fire sale.

View attachment 20527


Finally, I saw this on twitter somewhere a while back. Buying the dip makes you look like a genius in an uptrend or parabolic move. It will destroy you in a down trend if you aren't committed to long term accumulation. Ultimately, its not always about buying the dip. Sometimes the real winners are the ones that sell the rip.

View attachment 20528

There are a lot of bullish cases for BTC, but there are also a lot of bearish ones. Stay frosty.

The central and South American movements are interesting

 

[Uncle Ruckus]

I need this **** to get going so all my alt coins can get back up. BTC makes everything go

 

[UpTheMiddlex3Punt]

I've gone back to buying meme stocks

 

[jethreauxdawg]

Let me know when they’ve peaked

I've gone back to buying meme stocks

So I can get back in.

 

[UpTheMiddlex3Punt]

Nowhere near the peak.

CLOV and WISH are the latest darlings over at WSB. Lots of money to be made if you buy shares and stay away from the high-IV options.