I unironically have no idea whether to buy or wait

[Anonymous No.49756417]

There's no real structure to holding bitcoin above 20K. If it pumps, it will be because whales are manipulating the price, which in crypto is fair game, and should be expected, especially when everyone is in fear, and expecting a drop.

But all other indicators point to it hitting the 16K 300 Weekly SMA. So I don't kno what to do. Every day I DCA in, and every time I do I think to myself that for each purchase, I could have stacked even more if I waited. But I know the whales want to pump it. I hate this period of the market.

#3 whale is clearly DCAing at 300-400BTC purchases each day. So I guess he doesn't know either.

[Anonymous No.49756474]

>>49756417
are there more buyers than sellers? then it will pump

[Anonymous No.49756481]

How do you know a whale is buying 300 BTC every day

He probably sold the top and is now buying even more btc with that extra fed cash

But seriously, how do you know ?

[Anonymous No.49756601]

>>49756481
https://bitinfocharts.com/bitcoin/address/1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ

[Anonymous No.49756616]

If the Q2 GDP data that comes out on the 29th is negative then we'll officially be in a recession

[Anonymous No.49756633]

>>49756417
I think we will crab over the weekend, then dump more next week, OR we pump to around 24k first, then dump below 20k.

[Anonymous No.49756763]

As much as people like to think Bitcoin isn't tied to the stock market, it is. When stocks go up, so does Bitcoin, when there's fear in the markets, Bitcoin tanks.

[Anonymous No.49756780]

>>49756481
>But seriously, how do you know ?
Anon... It's a fucking public ledger

[Anonymous No.49757183]

>>49756601
exchange cold wallet dude...god you guys are fucking stupid.

[Anonymous No.49757201]

>>49756417
This is dca levels. Stop being stupid. Even if it sinks to 10k, it's still dca levels.

[Anonymous No.49757237]

>>49756481
We’re nowhere near the bottom

[Anonymous No.49757518]

>>49757183
omfg
this has been debated over and over again
its a single fucking OG whale
YOU are the dumb cunt.

[Anonymous No.49757565]

>>49756417
Stop looking at charts. Ignore moving averages and other technicals. Take a step back.

Now, here's what you do: wait for inflation to peak and QT to end. This will probably be when the stock market bottoms, and for some retarded reason, Bitcoin is highly correlated with the stock market. That will be the moment to buy.

[Anonymous No.49757573]

>>49757518
https://news.bitcoin.com/while-speculators-believe-bitcoins-third-largest-wallet-is-a-mystery-whale-onchain-data-suggests-its-an-exchange/

stupid nigger

[Anonymous No.49758047]

>>49756417
ETH 2018 overlay.
This level is a short term buy.
Thank me later.

[Anonymous No.49758157]

>>49756417
>But all other indicators point to it hitting the 16K 300 Weekly SMA
Who cares about the 4K difference then? You don't have to snipe the absolute pico bottom

[Anonymous No.49758694]

>>49756417
Bwayt

[Anonymous No.49758856]

>>49756417
Short term you can make money swinging it if you are good at timing and following trends. Long term it still has a ways to drop before it'll bounce. BTC will fall under 10k before the end of the year, probably before the end of summer, ETH will fall under 500, recovery back to just 20k could take 5 years. If you buy this "dip" you are just providing exit liquidity to institutions at this point.

[Anonymous No.49758940]

>>49758856
judging by all previous btc cycles it will not take 5 years for a new ath.

[Anonymous No.49758965]

>>49757565
this sounds way too logical to work in this clown world anon, sorry.

[Anonymous No.49758996]

Not saying dcaing bitcoin is a bad play right now, but I'm waiting until mid July. There are major black swans in the market due to the fact that crypto is right now in a situation like the banks were in 2008. Overleveraged, cefi platforms that all don't know where their users funds are. Grayscalebtc is already at 12k, institutions are dumping it and getting out. Best play is to be on the sidelines now. Bear markets don't end quickly anyways so you don't need to time anything. Let the defi system implode. Downside targets are way lower than the herd thinks

[Anonymous No.49759029]

>>49758940
All of those cycles took place inside of a market cycle, they are nothing like what is currently happening. We are in a market wide crash not just crypto. People aren't going to have money to gamble on funny internet coins when they can't afford rent, car payments, gas or food.
On top of that the Luna depegging and what is currently happening with celcius is driving people away from crypto all together - crypto isn't some obscure internet token that only a bunch of nerds know about now, its already reached peak market saturation.

[Anonymous No.49759035]

>>49758940
It's not he's just mixing in gay fud to obscure his initial true statement

[Anonymous No.49759153]

>>49756417
This is a real recession so I think it's going to drop even lower. Maybe it might drop to the 400 weekly sma

[Anonymous No.49759225]

>>49756417
Honestly, who cares. If you are a degen and want to gamble, then try to catch the bottom. If not, then just wait for the halving

[Anonymous No.49759335]

>>49756417
Several more rate hikes to go and QT has only just begun. The stock market will bleed, and crypto has proven that it will be dragged down alongside it.

All the bigboys on wall street are either sitting on mountains of cash and/or are net short. So this is definitelyt not the bottom of stocks nor BTC

[Anonymous No.49759701]

>>49757565
>for some reason
Anon, I...

[Anonymous No.49759816]

>>49756417
from my perspective as a compulsive consumer bitch, you should at least buy a big bag of something, it's healthy for the market this kind of thing from time to time.

[Anonymous No.49759861]

>>49756417
>There's no real structure to holding bitcoin above 20K
Look at the other macro bottoms. Was there structure previously for the price there? No? Simple as.

[Anonymous No.49759929]

>>49759029
>when they can't afford rent, car payments, gas or food
Things won't get that bad. What's happening now is literally the reverse bear case version of what was happening back in November. Everyone thinks we're going to continue to go down, so we won't. I'm more bullish then ever right now.

[Anonymous No.49760901]

>>49756417
you can try vita inu, the only interesting shit out of all the dog coins.
imagine literally putting memecoins in vr chat lmao

[Anonymous No.49762841]

Seriously considering selling my bags to try to swing...

[Anonymous No.49763122]

otheruckerr

[Anonymous No.49763270]

>>49756417
I don't know what to make of it. Historically the 200 week SMA has been THE support line for the 2014-15 bottom, the 2018-19 bottom, and even the COVID crash. We're basically there now. Also oversold conditions on weekly RSI were another confirming factor, which we have now. By those standards this should be a historically strong time to buy over the longer-term 4-year cycle

On the flip side, historically we've come down 80-85% from the peak before bottoming out, but today we're down closer to 70%. Also I am increasingly open to the real bear case, which is that bitcoin has an incredibly limited "history" from which we attempt to draw fractals and TA from. It has never existed in an environment other than accommodative Fed policy and low interest rates. The environment we are in right now is unlike any bitcoin has experienced in its lifetime. There is a case to be made that we could see far greater drawdowns than would be expected under the prior 4-year cycle model because of the massive shift in macro events we have seen this year.

I personally lean towards 20k breaking and us having to find some new clearing price as people scramble to make sense of the price action and catch a falling knife. However I am also open to the idea that this could be the absolute bottom. Sentiment is as bad as I've ever seen it for the most part, we have all kinds of bodies beginning to wash up as the tide rolls out, and the bears are gloating.

[Anonymous No.49763293]

>>49763270
with RSI

[Anonymous No.49763333]

>>49756417
You need to have some serious balls to short it right now

[Anonymous No.49763692]

>>49763333
Easy short. Insane inflows to exchanges. They wanna crash it this weekend with no survivors

[Anonymous No.49763721]

>>49756417
Right now we're in that period where it's bouncing around at 20k because there's a lot of people going "it can't go below 20k" and buying it thinking it's the bottom, but the second it goes below 20k that belief is going to be shattered and people will panic sell again.

[Anonymous No.49763755]

>>49759929
Same

[Anonymous No.49763822]

>>49763293
ath was 20x, 20x, and 3x, cant apply the same dump metrics

[Anonymous No.49764024]

>>49756481
Fucking idiot

[Anonymous No.49764111]

>>49759029
spy will bottom in 2024 just like crypto and in 2025 we will have new aths

[Anonymous No.49764151]

>>49756417
You'll be scared to buy at any level because there will be always a strong fud, but that's not the main problem. The real problem is that you're an insecure faggot incapable of making decision. You would probably hesitate to buy even at 5k because, dunno, muh this time it's done forever. You're doomed, you'll die poor and you should only blame yourself for this, pussy