Where are the bitcoin lovers now?

[BackInTheGame78]

@jaygreenb

I look at the recent price action as alts basically just playing catch up to BTC, as the liquidity moved from that after it's huge pump and into alts. Some then flipped the liquidity from alts into BTC, thus why we broke through 100k, which is something we can see with holder data, ADA is a good example. I'm not a short term trader, but I can see the pattern very quickly. I'm expecting BTC to be the focus of the show through the rest of this year and maybe through January. Alts will follow along, but the true alt season I think we still have at least a couple more months to wait for.....only time will tell.

Unsure about this as BTC.D is Bearish on the Daily and Weekly charts. However we have a long bottoming wick on the weekly so that could mean we see a reversal coming up...unsure if that would push thru previous swing high tho...

 

[sangheilios]

Unsure about this as BTC.D is Bearish on the Daily and Weekly charts. However we have a long bottoming wick on the weekly so that could mean we see a reversal coming up...unsure if that would push thru previous swing high tho...

View attachment 13559

@jaygreenb

The trend is that BTC dominance is starting to decline. Prior to the election alts were still very low, ADA was under 40 cents and ETH was at under 3k. BTC takes off during/after the election, alts more or less just followed along. However, 2nd half of November we saw a very strong alt run with XRP, ADA, XLM and others while BTC more or less consolidated a little under 100k. BTC wasn't ready to break this psychological level yet, it needed time and to build some support. Those alts seemed to have topped out not that long ago and started to sell off a bit, probably people taking a bit of profit and even flipping that liquidity into BTC to keep it in the market, which provides the fuel needed for it to have broken 100k. BTC may continue to ladder up for the next couple months or so, alts will follow along and basically repeat the pattern I described above and eventually we will have a full scale alt season, we just aren't there quite just yet.

This can all happen in a relatively short period of time, potentially by late spring of 2025, or perhaps we see a more drawn out market next year, similar to 2017. Either way, it doesn't really matter to me, as I have no control over it. Those who have already created positions are just going along for the ride.

 

[jaygreenb]

@jaygreenb

The trend is that BTC dominance is starting to decline. Prior to the election alts were still very low, ADA was under 40 cents and ETH was at under 3k. BTC takes off during/after the election, alts more or less just followed along. However, 2nd half of November we saw a very strong alt run with XRP, ADA, XLM and others while BTC more or less consolidated a little under 100k. BTC wasn't ready to break this psychological level yet, it needed time and to build some support. Those alts seemed to have topped out not that long ago and started to sell off a bit, probably people taking a bit of profit and even flipping that liquidity into BTC to keep it in the market, which provides the fuel needed for it to have broken 100k. BTC may continue to ladder up for the next couple months or so, alts will follow along and basically repeat the pattern I described above and eventually we will have a full scale alt season, we just aren't there quite just yet.

This can all happen in a relatively short period of time, potentially by late spring of 2025, or perhaps we see a more drawn out market next year, similar to 2017. Either way, it doesn't really matter to me, as I have no control over it. Those who have already created positions are just going along for the ride.

That is really the only strategy that has ever worked for me, be patient and let the market come to me and buy/sell when the opportunity is there. I try to only buy things at this point that I am willing to hold for at least 5-10yrs. I have never done consistently well trying to market time something in the short term. Doesn't mean others can't pull it off, just not my skillset.

 

[BackInTheGame78]

Wow, huge dump out of the all time high past 103K

 

[Bible_Belt]

Hawk Tuah memecoin dumps 90% amid backlash over controversial launch

Haliey Welch’s Hawk Tuah memecoin “HAWK” has been marred with controversy after plummetting more than 90% since launch.

cointelegraph.com

 

[jaygreenb]

Hawk Tuah memecoin dumps 90% amid backlash over controversial launch

Haliey Welch’s Hawk Tuah memecoin “HAWK” has been marred with controversy after plummetting more than 90% since launch.

cointelegraph.com

Been following this on X/twitter, they scammed the hell out of people lol I don't know why anyone even messes with these meme coins anymore. This got announced today, very positive for crypto and specifically Bitcoin. Been involved for a long time

Trump Names David Sacks as White House AI and Crypto Czar

Donald Trump selected venture capitalist David Sacks of Craft Ventures LLC to serve as his artificial intelligence and crypto czar, a newly created position that underscores the US president-elect’s intent to boost two rapidly developing industries.

www.bloomberg.com

 

[BackInTheGame78]

Looking like we are going to be range bound for a while between around 75K and 103K...

Can make some good money on swing trades by playing the tops and bottoms of the ranges.

 

[jaygreenb]

Going to be a fun few years

Today,
@EricTrump
shared his views on the significance of #Bitcoin and the role that he and
@realDonaldTrump
expect it to play in the future. The speech is extraordinary and I highly recommend watching it in full.

x.com

x.com