The Cryptocurrency Plunge Continues, What's Ahead?

Mish Talk2021-05-24

In the past week cryptos have taken a hit. Let's look at price support levels for Bitcoin and Dogecoin.For Entertainment OnlyIn the past 7 days Internet Computer is down 56%, Polkadot 50%, Biance 48%,...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

tigger_jif
2021-05-24
tigger_jif
Long term Hodl for me....
Sallkwan
2021-05-24
Sallkwan
Right time to buy?
- Veon6620:
  ?
Jo5tarz
2021-05-24
Jo5tarz
According to wyckoff logic, it will recover soon [比心]
siok
2021-05-24
siok
Can buy?
- Veldora:
  Buy what you can afford to lose
lesliechua
2021-05-24
lesliechua
What's the chance cryptocurrency is gonna disappear?
- Veldora:
  Is the future...
JaNice
2021-05-24
JaNice
Good read

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1122516428?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-05-24 10:38","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1122516428","market":"us","top_or_hot":-1,"title":"The Cryptocurrency Plunge Continues, What's Ahead?","media":"Mish Talk","content":"<div>\n<p>In the past week cryptos have taken a hit. Let's look at price support levels for Bitcoin and Dogecoin.For Entertainment OnlyIn the past 7 days Internet Computer is down 56%, Polkadot 50%, Biance 48%,...</p>\n\n<a href=\"https://mishtalk.com/economics/the-cryptocurrency-plunge-continues-whats-ahead\">Source Link</a>\n\n</div>\n","source":"lsy1620736834627","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Cryptocurrency Plunge Continues, What's Ahead?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Cryptocurrency Plunge Continues, What's Ahead?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-24 10:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://mishtalk.com/economics/the-cryptocurrency-plunge-continues-whats-ahead><strong>Mish Talk</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In the past week cryptos have taken a hit. Let's look at price support levels for Bitcoin and Dogecoin.For Entertainment OnlyIn the past 7 days Internet Computer is down 56%, Polkadot 50%, Biance 48%,...</p>\n\n<a href=\"https://mishtalk.com/economics/the-cryptocurrency-plunge-continues-whats-ahead\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://mishtalk.com/economics/the-cryptocurrency-plunge-continues-whats-ahead","article_id":"1122516428","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1122516428","pubTimestamp":1621823919,"sourceInfo":{"source_id":"lsy1620736834627","name":"Mish Talk"},"weMediaInfo":null,"summary":"In the past week cryptos have taken a hit. Let's look at price support levels for Bitcoin and Dogeco","collect":0,"end_time":0,"defaultTopTitle":"mishtalk.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"加密货币暴跌还在继续，未来会怎样？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"In the past week cryptos have taken a hit. Let's look at price support levels for Bitcoin and Dogecoin.For Entertainment OnlyIn the past 7 days Internet Computer is down 56%, Polkadot 50%, Biance 48%, Ethereum 42%, Dogecoin 39%.I confess, I never heard of Polkadot or Internet Computer.It is only the spectacular action in Dogecoin that got me looking. I watch for entertainment only.Bitcoin Price Support LevelsFor those inclined to buy for technical reasons, Bitcoin has support at the $30,000 level. There is also support at the $17,000 level and very strong support at the $11,000 level.In addition, Bitcoin has minor support levels between $17,000 and $30,000.Dogecoin Price Support LevelsDogecoin has tiny technical support at $0.30 and more support at $0.24. Strong support for Dogecoin is down at a nickel.What's Ahead?I don't know and no one else does either.One could have made more in Dogecoin or Polkadot this year than Bitcoin.Whether that remains true in another month for those HODLing all year is another matter.Fundamentally SpeakingBitcoin was the first mover and has institutional support.Dogecoin has Elon's mouth.Regarding institutional support, Enron, JDSU, and Worldcom had that at one time too.Will any of them survive? I don't know, but Bitcoin is far more likely to survive than any of the rest of them.I have my doubts Dodgecoin will be worth more than a nickel by the end of the year. A nickel by next week would not surprise me in the least.Thus, I would far rather bet on Bitcoin than Dogecoin.Take all of that for what it's worth: Perhaps Nothing.I am watching in amusement from the sidelines, but I can read a chart. Dogecoin looks ominous.","kind":null,"is_publish_news":false,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":131194758,"gmtCreate":1621833120074,"gmtModify":1704363013495,"author":{"id":"3579255193727955","authorId":"3579255193727955","name":"tigger_jif","avatar":"https://static.tigerbbs.com/cbac601abb09b01109f7e23b7a94e7b8","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Long term Hodl for me....&nbsp;","listText":"Long term Hodl for me....&nbsp;","text":"Long term Hodl for me....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/131194758","repostId":1122516428,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":131104139,"gmtCreate":1621832228721,"gmtModify":1704363000042,"author":{"id":"3581550090206949","authorId":"3581550090206949","name":"Sallkwan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Right time to buy?","listText":"Right time to buy?","text":"Right time to buy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/131104139","repostId":1122516428,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4429166,"gmtCreate":1621832270126,"gmtModify":1680790597052,"authorId":3581547615722192,"author":{"id":3581547615722192,"authorId":3581547615722192,"name":"Veon6620","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":131104139,"type":1,"supId":0,"prevId":0,"content":"?","text":"?","html":"?"}],"langContent":"EN"},{"id":131349781,"gmtCreate":1621830720443,"gmtModify":1704362962627,"author":{"id":"3566111551860327","authorId":"3566111551860327","name":"Jo5tarz","avatar":"https://static.tigerbbs.com/8cdaa131f223c2f17b3669bce62cc05e","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":3,"crmLevelSwitch":1},"htmlText":"&nbsp;According to&nbsp;wyckoff logic,&nbsp; it will recover soon&nbsp;[比心]&nbsp;","listText":"&nbsp;According to&nbsp;wyckoff logic,&nbsp; it will recover soon&nbsp;[比心]&nbsp;","text":"According to wyckoff logic, it will recover soon [比心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/131349781","repostId":1122516428,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":131367193,"gmtCreate":1621829209712,"gmtModify":1704362928935,"author":{"id":"3582321146855651","authorId":"3582321146855651","name":"siok","avatar":"https://static.tigerbbs.com/a04cfbf9a7eff8db17c547a33a563b0d","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Can buy?","listText":"Can buy?","text":"Can buy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/131367193","repostId":1122516428,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4429069,"gmtCreate":1621831725386,"gmtModify":1680790598894,"authorId":3580473686930895,"author":{"id":3580473686930895,"authorId":3580473686930895,"name":"Veldora","avatar":"https://static.tigerbbs.com/2c60768e017f3418615cd7dea3a291ec","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":131367193,"type":1,"supId":0,"prevId":0,"content":"Buy what you can afford to lose","text":"Buy what you can afford to lose","html":"Buy what you can afford to lose"}],"langContent":"EN"},{"id":131381716,"gmtCreate":1621828068535,"gmtModify":1704362907541,"author":{"id":"3582059288307560","authorId":"3582059288307560","name":"lesliechua","avatar":"https://static.tigerbbs.com/997e5af629be1645e4e1d8266203c35b","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"What's the chance cryptocurrency is gonna disappear?&nbsp;","listText":"What's the chance cryptocurrency is gonna disappear?&nbsp;","text":"What's the chance cryptocurrency is gonna disappear?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/131381716","repostId":1122516428,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4429064,"gmtCreate":1621831699842,"gmtModify":1680790596713,"authorId":3580473686930895,"author":{"id":3580473686930895,"authorId":3580473686930895,"name":"Veldora","avatar":"https://static.tigerbbs.com/2c60768e017f3418615cd7dea3a291ec","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":131381716,"type":1,"supId":0,"prevId":0,"content":"Is the future...","text":"Is the future...","html":"Is the future..."}],"langContent":"EN"},{"id":131383116,"gmtCreate":1621827907635,"gmtModify":1704362906732,"author":{"id":"3574939383328580","authorId":"3574939383328580","name":"JaNice","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Good read","listText":"Good read","text":"Good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/131383116","repostId":1122516428,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":36,"commentSize":16,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1122516428"}