Posted by chartboy on 19th of May 2021 at 01:01 am
There is nothing out of the ordinary here. It broke the .382
retracement earlier after hammering away at it repeatedly. The
expectation is that this would result as the next target is the
.50% retracemnt in the 37s. This is how bear markets
work.
Posted by fredsaid on 19th of May 2021 at 01:18 am
Nice nice... I sold 80% of my Crypto early yesterday based
on Matt's newsletter comments yesterday about the 40K level.
Was a little confused by the new MARA:GBTC RENKO chart which
seemed to trigger a long but looks like we're going to get a
whiplash which happens tends to happen on the renkos - like you
need 3 or 4 bars before your good to grab a few more. Got a buy
order in for Etherium at 2660 and another at 2140. I'm done
with BTC and now focused on ETH only until ETH2 comes out. I
have a handful of XRP which unfortunately we can't buy in the US
anymore but I'm continuing to add to it in Canada.
BTC - looks like gigantic
Posted by lapri24 on 19th of May 2021 at 12:29 am
BTC - looks like gigantic sell program just got triggered. Stop loss at $40,000 I guess. BTC is below $40K, ETH below $3K. Jesus christ...
There is nothing out of
Posted by chartboy on 19th of May 2021 at 01:01 am
There is nothing out of the ordinary here. It broke the .382 retracement earlier after hammering away at it repeatedly. The expectation is that this would result as the next target is the .50% retracemnt in the 37s. This is how bear markets work.
it's kind of fun watching
Posted by matt on 19th of May 2021 at 01:15 am
it's kind of fun watching it. Steve and I will have a laugh tomorrow about someone we warned that this was coming who didn't listen
otherwise as far as market, ES futures down 21,
Nice nice... I sold 80%
Posted by fredsaid on 19th of May 2021 at 01:18 am
Nice nice... I sold 80% of my Crypto early yesterday based on Matt's newsletter comments yesterday about the 40K level. Was a little confused by the new MARA:GBTC RENKO chart which seemed to trigger a long but looks like we're going to get a whiplash which happens tends to happen on the renkos - like you need 3 or 4 bars before your good to grab a few more. Got a buy order in for Etherium at 2660 and another at 2140. I'm done with BTC and now focused on ETH only until ETH2 comes out. I have a handful of XRP which unfortunately we can't buy in the US anymore but I'm continuing to add to it in Canada.
crazy crazy but not surprised,
Posted by matt on 19th of May 2021 at 12:42 am
crazy crazy but not surprised, Etherium 2500/2600 is support, then 2000