Bitcoin is going down like the Titanic & here are the memes


According to Stockhead, Bitcoin is "going down like the Titanic". Sounds like these guys have never seen a Forex chart before, but as Bitcoin continues it's move towards the downside due to China tightening its Crypto crackdown, some Crypto "Analysts" are blaming a once-in-a-lifetime "death cross" of two moving averages intertwining last week

Others who are pretending to be traders are doing just that and spending their day making memes (again)

ChuChu Rocket wrote: Tue Jun 22, 2021 7:13 pm Others who are pretending to be traders are doing just that and spending their day making memes (again)

lmfaaaoo

bitcoin traders suck...........

I am fascinated by the way it develops but I confess I barely trade it. The volatility is freaking me out.

lol oh no. BTC sails back up above $34k - should have bought the dip

Ogee wrote: Wed Jun 23, 2021 7:49 pm lol oh no. BTC sails back up above $34k - should have bought the dip

Haha one minute it's "crashing" as these new generation of traders call it, the next it's skyrocketing. Best to keep your money and trade something more stable!

Meanwhile El Salvador announced their intentions to build Bitcoin mining facilities using geothermal energy. The nation’s president, Nayib Bukele, announced that the head of the project will be the geothermal electrical company LaGeo SV.

The president mentioned in a tweet that he had spoken to the company head, and have both come to an agreement to put forth a plan for BTC mining facilities. These will offer ” Bitcoin mining with very cheap, 100% clean, 100% renewable, 0 emissions energy from our volcanos…”

Reality is often stranger than fiction.

Well, I am glad people are finding amusement in misery but the dip is not ending and I would love suggestions on how long I should hold on to my investment.

alisawilson007 wrote: Wed Jul 07, 2021 4:46 pm Well, I am glad people are finding amusement in misery but the dip is not ending and I would love suggestions on how long I should hold on to my investment.

whats the damage so far??? how far u down

alisawilson007 wrote: Wed Jul 07, 2021 4:46 pm Well, I am glad people are finding amusement in misery but the dip is not ending and I would love suggestions on how long I should hold on to my investment.

Try follow @CryptoCred and @TylerDurden (of zerohedge fame) on twitter.

Looking at the chart mid range between the weekly support and resistance, the support looks sound with repeated buying at 30,000. Would be looking for a breakout above daily resistance at 35,880 and then a test of the weekly resistance level.