Crypto lounge thread

[Deepdiver]

BTC surged to 34,810 a new ATH last week and pulled back to 27,678 this week and is consolidating now around 32,000. When the Parabolic move began we had one strong up week (Green Candles) interspersed with small (Red Candle) retracements likely traders taking profits - we just finished 3 very strong up weeks in row and likely a bit of trading profit taking this week.

We shot right through the Fibonacci 2.618 Extension of 31, 750 and are still above it so the 2.618 Fib may provide some support at this time building momentum for a run up to a Major Wave 3 Top to Fibonacci extension 3.618 to 42,400. Then a Major Wave 4 retracement back to Fib 2.618 before a Major Wave 5 Run up to Fib 4.236 at 49,000.

The current Parabolic move up is a classic impulsing Major Wave 3 counted from the major Wave B low. This week now consolidating is in line with action 4 and 6 weeks ago on the weekly chart. Daily chart action is a bit noisy and clouds the picture of the major Wave 3 impulse. After the Major Wave 5 tops we could expect an ABC correction typically .618 but I suspect the Michale Saulors and Institutions piling in for the long BTC run may just see a correction as another buying opportunity for a smaller .382 correction. Good News is the institutions are buying in big, Bad News is the IRS, SEC and Mnuchin are trying to rattle the smaller players cages so will be historic in the bigger picture of the battle of the Globalists banksters against people who want to hold free market unconfiscatable financial solutions to the Globalists Tyranny.

 

[Mikeyd03]

One equity pick was HUTMF (Hut mining). I already had equity in this company before reading report.

This is a bitcoin mining company

The fundamentals:

-Based in Alberta Canada....cool weather year round which provides for year round operational Efficiencies.

-Long-term contract w/ bit fury which provides the company with access to cheap electricity costs

-HUTMF has stacked up a significant amount of bitcoin to stay afloat should the price dump significantly (2 years according to report).

-Survived 2018 bear market

This all while China is going through their struggles. Miners have to liquidate btc upon mining in order to stay afloat...it appears the HUTMF has key competitive advantages in the btc mining industry.

Current price: .585

Buy up to: $1.20
Projected from report: $15+

It’s similar to why the gold miners would be an interesting speculative play....the price of the underlying commodity (gold) increases significantly while fix costs remain the same....and potential variable costs decrease. Which allows earning to climb substantially. See (GDXJ) for a potential gold miner speculative play.

Personally....I believe that if the btc price were to pump big....hutmf would pump exponentially.

We shall see.

update: HUT 8 is now over $3.

I believe this stock is undervalued.......they hold 3000 BTC on their balance sheet. Balance sheet > marketcap? If BTC does hit six figures in the next couple of years this and the other miners will fly. Accumulating here = stealth phase.

 

[greenwolf]

BTC surged to 34,810 a new ATH last week and pulled back to 27,678 this week and is consolidating now around 32,000. When the Parabolic move began we had one strong up week (Green Candles) interspersed with small (Red Candle) retracements likely traders taking profits - we just finished 3 very strong up weeks in row and likely a bit of trading profit taking this week.

We shot right through the Fibonacci 2.618 Extension of 31, 750 and are still above it so the 2.618 Fib may provide some support at this time building momentum for a run up to a Major Wave 3 Top to Fibonacci extension 3.618 to 42,400. Then a Major Wave 4 retracement back to Fib 2.618 before a Major Wave 5 Run up to Fib 4.236 at 49,000.

The current Parabolic move up is a classic impulsing Major Wave 3 counted from the major Wave B low. This week now consolidating is in line with action 4 and 6 weeks ago on the weekly chart. Daily chart action is a bit noisy and clouds the picture of the major Wave 3 impulse. After the Major Wave 5 tops we could expect an ABC correction typically .618 but I suspect the Michale Saulors and Institutions piling in for the long BTC run may just see a correction as another buying opportunity for a smaller .382 correction. Good News is the institutions are buying in big, Bad News is the IRS, SEC and Mnuchin are trying to rattle the smaller players cages so will be historic in the bigger picture of the battle of the Globalists banksters against people who want to hold free market unconfiscatable financial solutions to the Globalists Tyranny.

View attachment 28069

Be ready to throw off the chains of your puppet masters and at least be finanically free for the time coming.
Pull in your friends. The more there are the better chance of resisting what is coming.

 

[Deepdiver]

Max Keiser forecasts BTC $220,000 by end of 2021:



BTC Tagged 37,400 Major Wave 3 Target of 3.618 of 42,400 projected in 2 more weeks.

 

[Deepdiver]

Whoa was looking at my stellar up 73% and cardano up 27% in 24 hours:

Stellar XLM

$0.3687

73.16%

180.62%

$7,830,248,431

Cardano ADA

$0.3410

27.76%

87.78%

$10,438,924,813

 

[Arado]

Raoul Pal predicts ETH to 20K based on the price action. But what about the limited decentralized supply of BTC? That's it's strongest claim as hard money against the other cryptos.

 

[tomzestatlu]

Crazy things are happening? The question is, how long will it last? There were some analysis, that said, that last bullrun was caused by one entity.
I am still all-in at ETH and I am considering moves, but it still seems to be like best and safest bet. I was thinking about switching half to BTC, but ETH is outperforming BTC and there´s chance it will do so much more. But still, their progress is tied together, so it´s not altseason yet.

 

[Coja Petrus Uscan]

 

[Blade Runner]

Roughly speaking, just considering this right now and not that we've been around the "space" for awhile, this is a good investment until 2024-25. Correct?

 

[kurtybro]

not buying that 15% of us pop owns bitcoin. no way.

 

[Arado]

not buying that 15% of us pop owns bitcoin. no way.

They may own it but not substantial amounts. Check this thread which goes into this - I think 15% are casual adapters but they are far from understanding Bitcoin as an alternative monetary system and are moreso just hoping to make a few bucks trading it and getting out at the right time.

 

[Deepdiver]

Wave 3 Parabolic impulse up continues to new ATH to 40,425 consolidating now at 38,750
Could test 3.618 Fibonacci Extension 42,400 within a week up 5700 for the week so far.

 

[Mikeyd03]

I'll say it again. I've been in crypto for a few years now, and something I'm sure many have shared in thought: "If only I had bought Bitcoin in 2012, 13, 14" The year doesn't really matter, I still believe we are extremely early. Go out on the street and ask 10 people about crypto.....9 won't own any.

But I truly believe accumulating privacy coins like Monero......I believe this is your second chance. Like buying bitcoin in 2012. Atomic swaps will thwart any government attempt to strip our privacy......

I will keep accumulating.

 

[kel]

I'll say it again. I've been in crypto for a few years now, and something I'm sure many have shared in thought: "If only I had bought Bitcoin in 2012, 13, 14" The year doesn't really matter, I still believe we are extremely early. Go out on the street and ask 10 people about crypto.....9 won't own any.

But I truly believe accumulating privacy coins like Monero......I believe this is your second chance. Like buying bitcoin in 2012. Atomic swaps will thwart any government attempt to strip our privacy......

I will keep accumulating.

I get Monero (slowly) by mining, how do you accumulate, personally?

 

[Mikeyd03]

I just DCA. @kel just look at what is going on now with social media (censorship), atomic swaps will be untraceable. The use case for monero is massive. The default currency of the dark web is monero (XMR).

Also....HUTMF over $6 everyone. Still undervalued.

 

[Dr Mantis Toboggan]

I just DCA. @kel just look at what is going on now with social media (censorship), atomic swaps will be untraceable. The use case for monero is massive. The default currency of the dark web is monero (XMR).

Also....HUTMF over $6 everyone. Still undervalued.

Gotta thank you for your post the other day, I saw it and bought a good sized chunk at around $3.10.

 

[Dr. Howard]

I'll say it again. I've been in crypto for a few years now, and something I'm sure many have shared in thought: "If only I had bought Bitcoin in 2012, 13, 14" The year doesn't really matter, I still believe we are extremely early. Go out on the street and ask 10 people about crypto.....9 won't own any.

But I truly believe accumulating privacy coins like Monero......I believe this is your second chance. Like buying bitcoin in 2012. Atomic swaps will thwart any government attempt to strip our privacy......

I will keep accumulating.

How is monero more private than say bitcoin?

 

[Mentun]

Monero will be 3k this year beating ETH at 2.6k.

My prediction.

 

[Deepdiver]

Fibonacci Extensions in all their Glory...

Last week we tested a new impulsing Wave 3 ATH of 41,986 (Within the Fibonacci 3.618 of 42,419 just 433 short of the technical "range of the number" of 500+/- points on a thinly traded wick Pump and pull back closing at 38171 which became this weeks open. Then we saw a fast Intermediate Wave 4 pull back to a low of 30,100 on a thinly traded Dump wick below the Fibonacci 2.618 31,746 holding 1PM Monday 1/11/2021 at 32,750 down an incredible 5,380 pts in a fast moving market.

Since Intermediate Wave 2 took several weeks and this Intermediate Wave 4 only 24 hours this confirms the classic Wave 2 & 4 Rule of alternation on a weekly basis. Fibs don't lie - should expect moves of a Intermediate Wave 5 back up to Fib 4.236 at 41,000+/- and this Intermediate 5 Wave pattern completing a larger Primary degree Wave 1 back up towards Max Keiser's frothy 2021 Prediction above of 220,000... At least we can see that the volatile BTC behaves in a reasonably predictable Fibonacci Targets Wave degrees fractal maths pattern.

Once the larger Primary Wave 1 (this entire 5 Intermediate Wave move) tops we can expect a Primary Wave 2 in an ABC down Pattern then another spectacular larger Primary Wave 3 impulsing wave up followed by Primary Waves 4 & 5.

Once the larger Primary Wave 2 bottoms I will be able to create a new Primary Wave 1-2 Fibonacci Extension will be interesting to see where Max Keiser's lofty 220,000 target fits as I suspect that may be an even larger "Cycle" Waves Target - will be interesting to see.



Wave Degrees - Waves 1-5 are Intermediate waves of the larger Primary Degree.

The entire BTC span of 2011 to 2021 Would Be considered the even larger Cycle or perhaps Super-Cycle Degree.

 

[rainy]

Any thoughts on Nano?

I'm seeing more and more talk about it.