Bitcoin price discussion and analysis

[IvoryWolf]

Bitcoin loses 21k support, as contagion from Silvergate enters banks, financials sector

SVB Financial Group (SIVB) is down 65% and has been halted on the main exchange several times.

cryptoslate.com

Trading halts noted for quite a few banking institutions during overnight trade as well @noirua, which is quite interesting:

Halted Stocks Alert: Bank Stocks SIVB, FRC, PACW, WAL, SBNY, Face Trading Halts

As Silicon Valley Bank plunged today, Nasdaq halted trading on SIVB stock. Here are the other halted stocks that are still struggling.

investorplace.com

 

[farmerge]

Trading halts noted for quite a few banking institutions during overnight trade as well @noirua, which is quite interesting:

Halted Stocks Alert: Bank Stocks SIVB, FRC, PACW, WAL, SBNY, Face Trading Halts

As Silicon Valley Bank plunged today, Nasdaq halted trading on SIVB stock. Here are the other halted stocks that are still struggling.

investorplace.com

Worrying times coming and for a nautical term troubled waters

 

[IvoryWolf]

Worrying times coming and for a nautical term troubled waters

And it doesn't appear to be getting any better either @farmerge - you might be interested in the latest update to the chart review for Bitcoin and Ethereum (as well as the Aussie/US markets) that I posted earlier today (see link below). Coverage for Bitcoin and Ethereum starts at the 24:28 mark, which is timestamped in the comments section.

 

[Tyre Kicker]

Hopefully, this time, the crypto fully implodes.

I’m astounded BTC still sits at around 20K.

Would not pay 2c for it.

 

[Belli]

Would not pay 2c for it.

As much as that? Must be your inner speculator at work.

 

[Tyre Kicker]

Yeah, probably a bit over the top with that amount.

Way too much to pay for BTC or any other pretend thingy bob.

 

[farmerge]

Hopefully, this time, the crypto fully implodes.

I’m astounded BTC still sits at around 20K.

Would not pay 2c for it.

Have never been a follower or fan of it. Just waiting for implosion/explosion to come.

 

[farmerge]

Yeah, probably a bit over the top with that amount.

Way too much to pay for BTC or any other pretend thingy bob.

Even as a gift would be problematic.

 

[IvoryWolf]

Overall long-term bullish trend is undeniably in place for both Bitcoin and Ethereum, confirmed by prior support levels and support of the 30 week moving average, as explained within the attached weekly video - let the charts tell the story - ignore the news, the hype and everyone else's agenda.

 

[farmerge]

Overall long-term bullish trend is undeniably in place for both Bitcoin and Ethereum, confirmed by prior support levels and support of the 30 week moving average, as explained within the attached weekly video - let the charts tell the story - ignore the news, the hype and everyone else's agenda.

Good morning mr Ivory. Bitcoin and its mates in my humble opinion is a mug's game. When the bottom of the bucket falls out what then.

 

[IvoryWolf]

Good morning mr Ivory. Bitcoin and its mates in my humble opinion is a mug's game. When the bottom of the bucket falls out what then.

My personal opinion @farmerge, is that there is no 'fundamental' aspect with respect to cryptocurrency, however Bitcoin and Ethereum do follow technical analysis extremely well as noted in my weekly video series. I've heard various explanations behind the 'fundamentals', with so many people explaining the logic, rhyme and reason, but I just cannot wrap my head around it from my own personal perspective. So many theories abound that make your head spin - that's why I refuse to listen to the cr@p out there any more and only look at the charts - they tell the true story. However, as explained in this latest video, the trend is certainly there, as is my own personal plan with respect to my own personal trade set-up. If the bottom of the bucket falls out (great phrase, by the way - kudos!) and the stop-loss is hit, which would indicate that the trend is broken, you'll see me at the exit, with no emotion attached whatsoever.