BTC Plunge: A Buying Opportunity or More Downside Risks?

Bitcoin Plunges Below $62,000 and US crypto stocks slide in pre-market trading. ------------------------- Is a buying opportunity for you? Does it signal more downside risks?

avatarIykyk
06-26
Buy more when it is cheap of course

Navigating Bitcoin's Recent Slump: Buying Opportunity or Bearish Signal?

Bitcoin's recent plunge below $61,000, accompanied by a decline in US crypto ETFs in pre-market trading, has sent shockwaves through the cryptocurrency market. Investors are left grappling with a crucial question: does this present a golden buying opportunity or a sign of further downside risks? Understanding the Factors Behind the Dip Several factors have contributed to Bitcoin's recent price decline: Broader Market Sentiment: The overall market atmosphere has been bearish, with major stock indices experiencing declines. This risk-averse sentiment has extended to the cryptocurrency market, leading to sell-offs across the board. Federal Reserve Policy Signals: The Federal Reserve's hawkish stance on monetary policy, indicating potential interest rate hikes, has strengthened the US dolla
Navigating Bitcoin's Recent Slump: Buying Opportunity or Bearish Signal?
avatarAqa
06-25
[Put] [Put]  Bitcoin prices have plunge below $60,000 as Profit Taking and Miner Capitulation Fuel Losses. This is certainly a good buying time for the opportunistic investors. Bitcoin investment is suit for investors with big stomach to take in the super volatility.[USD] [USD]  
avatarTse Lei
06-25
Bitcoin Boom Goes Bust (Maybe)? Is This Your Chance to Buy or Should You Run for the Hills? Hey crypto crazies! Bitcoin just took a nosedive faster than your uncle at a free buffet. Should you be sharpening your pencils and placing your buy orders or is this the time to hide your grandma's emergency depends under the bed? Let's unpack this mess, shall we? First, the bad news: Bitcoin went tumbling down like a toddler who wandered a bit too close to the edge of the playground. Analysts are pointing fingers everywhere: Mt. Gox is dumping a ton of coins back on the market, Germany decided to sell their Bitcoin stash, and who knows what else. Scary stuff, right? Buttermilk on those panic waffles, though! There's a whole lotta bullish sentiment out there too. Some folks say this is just a littl
$MicroStrategy Incorporated(MSTR)$ Tremendous dilution going on here, 20% plus in shares outstanding in the past yearHuge debt approaching $4 billionMSTR's $MicroStrategy(MSTR)$ bitcoin holdings are worth less than half of its market cap + debtBitcoin can and does fluctuate by 7-8% daily (i.e., today) which means it's not suitable as a medium of exchangeBitcoin is essentially a Get-Rich-Quick scheme motivated primarily by FOMO
I was never into bitcoin, at least not for now. Too volatile for my liking. No doubt it can make you lots of [USD]  [USD]  [USD]  but it can also make you lose lot of [USD]  [USD]  [USD]   For now I'd better stay away from it [What]  [What]  [What]   @Universe宇宙  @GoodLife99  @HelenJanet  @rL  @koolgal  @LMSunshine  
avatarPatmos
06-25
Further drop for Bitcoin of about 20% lower from here outflows will escalate 
I forsee a further drop in the price of Bitcoin and related crypto stocks. Possible retracement of Bitcoin back into the USD$56-$57,000 range. 📉📉 We have been seeing lower highs and lower lows across all crypto stocks and I don't think true rebound will happen any time soon. Not when there is uncertainty regarding inflation and rate cuts. That very one rate cut that everyone is clinging onto may not even happen. Coming Friday,  headline and core PCE indexes for May is expected to be up 2.6% yoy. More reds to come.  As such, I have exited all my positions in $Marathon Digital Holdings Inc(MARA)$ $CleanSpark, Inc.(CLSK)$ and $Mic
avatarmcb
06-24
$iShares Bitcoin Trust(IBIT)$ Just buy the IBIT and uninstall the trading app!!!!
What stock(s) do you think have the biggest catalysts to end out the year? For example, $AAPL Apple has the new iPhone injected with AI as their big catalyst for the rest of the year… $COIN has a catalyst: If $BTC Bitcoin breaks out, $COIN / $MSTR / $CLSK etc. will all have a huge push.. $IWM, one could argue, has a catalyst based on that first rate cut which might get the ball moving for small caps… What stock(s) do you think actually have the best catalysts towards the latter half of the year?
$CME Bitcoin - main 2406(BTCmain)$ $iShares Bitcoin Trust(IBIT)$ $MicroStrategy(MSTR)$$Coinbase Global, Inc.(COIN)$   $BTC Bitcoin Daily RSI nearing its lowest since August 2023. Bitcoin itself is near a 5.5wk low. Nasdaq-100 was trading around 18,500 then or about 6% lower than today. Correlation has certainly decoupled from $QQQ during this time frame. Either Q’s gotta go down or BTC has to go back up, for some mean reversion? All in all, BTC looking a bit near term oversold and I spy a mini falling wedge… HODL.

23 June 2024: Crypto low liquidity? What does this mean?

Bitcoin has since come down from 71 to 73k USD to around 64k USD with relatively low liquidity. In fact, since the hype with bitcoin going back to above 71k USD, bitcoin and a number of crypto assets have experienced a very low level of volatility as compared to a few years back of volatility. Is this a quiet period for big sharks to quietly offload their stock on hand? This could well be a possible scenario. Nasdaq 100 has also came down from recent high of 20200 to below 20k.. Nvidia and apple had since come back a little from recent high.. all due to AI hype... So what is expected to happen? Biden surely wouldn't want risk assets to crash prior to presidential election... Its the fight between bulls and bears though I think bulls will do their best to get risk assets up. I am still
23 June 2024: Crypto low liquidity? What does this mean?
avatarBarcode
06-23
$MicroStrategy(MSTR)$ $Riot Platforms(RIOT)$ $Marathon Digital Holdings Inc(MARA)$ $Hive Blockchain(HIVE)$ $Grayscale Bitcoin Trust(GBTC)$  I’ve had a tiny dabble in the master Micro Strategy just recently and taken small profits in common stocks. Come Monday, funday, I’ll be diving into to a look at a Naked Call option! Bitcoin Bangers: Top Picks and Trends $BTC rocked its red bottoms and did a fancy bounce. It needs to strut over $64,950-65,000. $64,160 is the runway it needs to hold as support. Top Bitcoin Stocks as of June 23, 2024 (Post-Market Prices): 1. MicroStrategy
avatarAyKing
06-22
I opened $COIN VERTICAL 240802 CALL 240.0/CALL 225.0$  ,I’m not sure where is the bottom for COIN. But I believe COIN will move back up to $235 to $240 range by Aug. Since, price as dip, I think is a buying opportunity. So, I have decided to enter this trade at expiry date in early Aug, using about 3% of my trading capital.
$Coinbase Global, Inc.(COIN)$ This is why I get pay the big bucks, soo many rookies don’t understand how gaps work. On 5/16 the closing price was 199.17, the following day it pump with aT an open price of $205 and that $199.17 was never touch and filled since, no intraday low of any $199.17 to even attempt to fill, but that gap will be filled eventually since it’s not far. [LOL][LOL][LOL]Well this gap lesson is done, I hope I save those who don’t understand time and money in understanding how gaps work ( this doesn’t include PM and AH gaps, you could learn that on your own)
avatarXianLi
06-18
$Coinbase Global, Inc.(COIN)$ if BTC holds at this level or lower tomorrow could see lower lows and I think the start of a downtrend in the graph.Now all that could go out the window if BTC pops. The correlation to BTC makes this one move unlike a true stock. Regardless, money can be made on both sides.[Tongue][Surprised][LOL]

3 Reasons Coinbase Is a Star in the Making

$Coinbase Global, Inc.(COIN)$ Even though it's come a long way, Coinbase has plenty of room to run.Although it may seem premature, it's clear that Coinbase Global is already a standout performer. During the past year, its stock has surged by 350% and climbed more than 600% from its 2022 lows.Despite this remarkable recovery, it is still about 35% below its all-time high. A closer look reveals that Coinbase has the potential to not only reclaim its previous heights, but to surpass them significantly as it reaches its full potential. Here are three compelling reasons Coinbase is a star in the making.1. Resilience during the crypto winterThe first reason is its remarkable resilience. As the crypto winter waylaid the market i
3 Reasons Coinbase Is a Star in the Making
$Coinbase Global, Inc.(COIN)$ Saw the fake move higher with the maker. Only reason it rebounded was due to the big market move.[LOL][LOL][LOL]$250 puts in the money. Tomorrow should see continued pullback to $225.[Glance][Glance][Glance]Be careful about it!
avatarTiger V
06-14

Marathon Digital: Navigating the Surge and Challenges

Overview: Resilience in Uncertain Times As global markets grapple with economic uncertainties, cryptocurrency-related stocks, particularly those in Bitcoin mining, have exhibited notable volatility. Marathon Digital Holdings (MARA) $Marathon Digital Holdings Inc(MARA)$  , a leading Bitcoin miner, has been at the forefront of this trend, reflecting both the challenges and opportunities inherent in the evolving digital asset landscape. This report delves into the current state of Marathon Digital, exploring the broader market dynamics and regional shifts influencing its performance. Bitcoin Mining Boom in Southeast Asia In 2021, China's stringent ban on Bitcoin mining triggered a significant exodus of miners to Southeast Asia. This migration h
Marathon Digital: Navigating the Surge and Challenges
avatarAralcy
06-12
No way, dude. Crypto's too crazy to call the bottom. June was brutal, but who knows what tomorrow holds? It could moon again, or it could keep dipping. It's a gamble.