Jim Cramer: Be patient with bitcoin, approach the S&P with caution

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Jim Cramer: Be patient with bitcoin, approach the S&P with caution

cnbc2021-06-12

KEY POINTS CNBC’s Jim Cramer reviewed chart analysis to gauge a bottom in bitcoin and peak in the S&P 500. “The charts, as interpreted by Tom DeMark, suggest that Bitcoin might take another month to ...

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lineasy2
·2021-06-14
No way man!
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Sleepybear
·2021-06-14
Please like and comment
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- Sleepybear:
  Please reply
  2021-06-14
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AnnNann
·2021-06-14
Bitcoin will up anyway
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gargarteo
·2021-06-14
fantastic!
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Stanley1981
·2021-06-13
Oh
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DoublyJ
·2021-06-13
Great
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Dw90
·2021-06-13
?
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MIe
·2021-06-13
Btc is limited & finite, any dip later good opportunity#
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SKYK
·2021-06-13
Hi
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JCinvest
·2021-06-13
???
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yksim
·2021-06-13
Play carefully
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ahleemama
·2021-06-13
S&p will not nvr peak becaz there is no PEAK WOOOOOOO?
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Whlaing
·2021-06-13
Nice
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SandDust
·2021-06-13
If chart works then there is no poor chartist in this world. Please like and comment
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- ahleemama:
  couldnt agree more?
  2021-06-13
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Nn9876543
·2021-06-13
Pls like n comment
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- gargarteo:
  hi
  2021-06-14
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- A79:
  Pls reply tooo
  2021-06-13
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andrew123
·2021-06-13
To break the peak, need to correct than more player can get chance to come in break new high. Look wat happen to mkt when we first react to news on covid. Look wat Dow is now.
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- 13幺:
  Agreed
  2021-06-13
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jakejak3jake
·2021-06-13
Madness
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skli
·2021-06-13
Yup, mad money
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markkk
·2021-06-13
bitcoin to the moon
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- andrew123:
  agree
  2021-06-13
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mikethong88
·2021-06-13
nice
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The methodology, which follows patterns to project when a trend could change course, is popular among crypto traders to spot highs and lows, Cramer said.\nCramer reviewed the daily chart action for bitcoin, which peaked at around $65,000 in mid-April. The digital coin is now trading above $37,300 as of Friday after falling to $30,000 in mid-May.\nDeMark, who said the drop in bitcoin resembles the crash of 1987, projected that the decline could bring the token’s value to a floor of $32,000 — or $24,000 in the worst case. He now thinks that bitcoin will generally hold above the May 19th low, Cramer said.\nIn what’s known as “Black Monday,” the Dow Jones Industrial Average plummeted more than 20% on Oct. 19, 1987. It was the bookend of a 36% decline in the blue-chip index from August that year.\n“If DeMark’s right, you could get a chance to buy bitcoin in the not-too-distant future, and I might take it,” Cramer said. “I think this ’87 analogy is good news. After the crash of ’87, the stock market bounced back fast.”\nAs for the S&P 500, which closed at a record for the second-straight day, DeMark’s indicator suggests the index could be close to a top, Cramer said. DeMark has price targets of $4,335 and $4,344, about 2% higher than Friday’s finish.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":182784200,"gmtCreate":1623619684200,"gmtModify":1704206943214,"author":{"id":"3555069598699884","authorId":"3555069598699884","name":"lineasy2","avatar":"https://static.tigerbbs.com/f77bf9adce864a735aba6dcb7fd248da","vip":1,"crmLevel":3,"crmLevelSwitch":1,"idStr":"3555069598699884","authorIdStr":"3555069598699884"},"htmlText":"No way man!","listText":"No way man!","text":"No way man!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/182784200","repostId":1102961449,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":182731660,"gmtCreate":1623606875750,"gmtModify":1704206908678,"author":{"id":"3574678811787226","authorId":"3574678811787226","name":"Sleepybear","avatar":"https://static.tigerbbs.com/f41ffbbaf78e15d931fd8d15b528e608","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3574678811787226","authorIdStr":"3574678811787226"},"htmlText":"Please like and comment","listText":"Please like and comment","text":"Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/182731660","repostId":1102961449,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4732717,"gmtCreate":1623606885912,"gmtModify":1663228681728,"authorId":3574678811787226,"author":{"id":3574678811787226,"idStr":"3574678811787226","authorId":3574678811787226,"name":"Sleepybear","avatar":"https://static.tigerbbs.com/f41ffbbaf78e15d931fd8d15b528e608","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":182731660,"type":1,"supId":0,"prevId":0,"content":"Please reply","text":"Please reply","html":"Please reply"}],"langContent":"EN"},{"id":182798455,"gmtCreate":1623604887977,"gmtModify":1704206896970,"author":{"id":"3586143530078072","authorId":"3586143530078072","name":"AnnNann","avatar":"https://static.tigerbbs.com/59be93979769810cd41d658c380fb96d","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3586143530078072","authorIdStr":"3586143530078072"},"htmlText":"Bitcoin will up anyway","listText":"Bitcoin will up anyway","text":"Bitcoin will up anyway","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/182798455","repostId":1102961449,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":182793949,"gmtCreate":1623604319281,"gmtModify":1704206893716,"author":{"id":"3574850565707986","authorId":"3574850565707986","name":"gargarteo","avatar":"https://static.tigerbbs.com/fe63003e1f62ffd9dc6784d809f31d31","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574850565707986","authorIdStr":"3574850565707986"},"htmlText":"fantastic!","listText":"fantastic!","text":"fantastic!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/182793949","repostId":1102961449,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":182547717,"gmtCreate":1623593082439,"gmtModify":1704206734232,"author":{"id":"3581734146965135","authorId":"3581734146965135","name":"Stanley1981","avatar":"https://static.tigerbbs.com/97bdc08c4285eac7a082e2745975bcfc","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3581734146965135","authorIdStr":"3581734146965135"},"htmlText":"&nbsp;Oh","listText":"&nbsp;Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/182547717","repostId":1102961449,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":182211257,"gmtCreate":1623576787279,"gmtModify":1704206520058,"author":{"id":"3581591545341888","authorId":"3581591545341888","name":"DoublyJ","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3581591545341888","authorIdStr":"3581591545341888"},"htmlText":"&nbsp;Great","listText":"&nbsp;Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/182211257","repostId":1102961449,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":182211952,"gmtCreate":1623576730776,"gmtModify":1704206518753,"author":{"id":"3576113821359372","authorId":"3576113821359372","name":"Dw90","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3576113821359372","authorIdStr":"3576113821359372"},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/182211952","repostId":1102961449,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":182203612,"gmtCreate":1623573581536,"gmtModify":1704206479575,"author":{"id":"3577182936341023","authorId":"3577182936341023","name":"MIe","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":6,"crmLevelSwitch":0,"idStr":"3577182936341023","authorIdStr":"3577182936341023"},"htmlText":"Btc is limited &amp;&nbsp;finite, any dip later good opportunity#","listText":"Btc is limited &amp;&nbsp;finite, any dip later good opportunity#","text":"Btc is limited & finite, any dip later good opportunity#","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/182203612","repostId":1102961449,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":182656315,"gmtCreate":1623571278537,"gmtModify":1704206444679,"author":{"id":"3582026252026796","authorId":"3582026252026796","name":"SKYK","avatar":"https://static.tigerbbs.com/28c366259085ac1b7fe8b23c76611209","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582026252026796","authorIdStr":"3582026252026796"},"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/182656315","repostId":1102961449,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":182625785,"gmtCreate":1623570732647,"gmtModify":1704206433656,"author":{"id":"3585469772373012","authorId":"3585469772373012","name":"JCinvest","avatar":"https://static.tigerbbs.com/b448a34b681278065a05698ba3728bbb","vip":1,"crmLevel":9,"crmLevelSwitch":1,"idStr":"3585469772373012","authorIdStr":"3585469772373012"},"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/182625785","repostId":1102961449,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":182156072,"gmtCreate":1623559222396,"gmtModify":1704206176790,"author":{"id":"3582014529806015","authorId":"3582014529806015","name":"yksim","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":5,"crmLevelSwitch":1,"idStr":"3582014529806015","authorIdStr":"3582014529806015"},"htmlText":"Play carefully","listText":"Play carefully","text":"Play carefully","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/182156072","repostId":1102961449,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":182364867,"gmtCreate":1623554499159,"gmtModify":1704206022358,"author":{"id":"3585830139314556","authorId":"3585830139314556","name":"ahleemama","avatar":"https://static.tigerbbs.com/9e5556ad29b085a364d6ea7d326015c1","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3585830139314556","authorIdStr":"3585830139314556"},"htmlText":"S&amp;p will not nvr peak becaz there is no PEAK WOOOOOOO?","listText":"S&amp;p will not nvr peak becaz there is no PEAK WOOOOOOO?","text":"S&p will not nvr peak becaz there is no PEAK WOOOOOOO?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/182364867","repostId":1102961449,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":182338886,"gmtCreate":1623553284045,"gmtModify":1704205976378,"author":{"id":"3579832453714819","authorId":"3579832453714819","name":"Whlaing","avatar":"https://static.tigerbbs.com/76b9a71400b52c35a12f5280a15329bc","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3579832453714819","authorIdStr":"3579832453714819"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/182338886","repostId":1102961449,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":182076467,"gmtCreate":1623549192759,"gmtModify":1704205798778,"author":{"id":"3581331938298103","authorId":"3581331938298103","name":"SandDust","avatar":"https://static.tigerbbs.com/ea6083d742fc232449a625fb122842c8","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3581331938298103","authorIdStr":"3581331938298103"},"htmlText":"If chart works then there is no poor chartist in this world.&nbsp;&nbsp;Please like and comment&nbsp;","listText":"If chart works then there is no poor chartist in this world.&nbsp;&nbsp;Please like and comment&nbsp;","text":"If chart works then there is no poor chartist in this world. 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Look wat Dow is now.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/186716873","repostId":1102961449,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4727260,"gmtCreate":1623572077828,"gmtModify":1663228652827,"authorId":3568607492959902,"author":{"id":3568607492959902,"idStr":"3568607492959902","authorId":3568607492959902,"name":"13幺","avatar":"https://static.tigerbbs.com/8c3c8f004f85f093f044d75ebe3bdf36","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":186716873,"type":1,"supId":0,"prevId":0,"content":"Agreed","text":"Agreed","html":"Agreed"}],"langContent":"EN"},{"id":186797911,"gmtCreate":1623540950033,"gmtModify":1704205558042,"author":{"id":"3581491815672686","authorId":"3581491815672686","name":"jakejak3jake","avatar":"https://static.tigerbbs.com/1881c4ef0863e5796041081ddadee92e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581491815672686","authorIdStr":"3581491815672686"},"htmlText":"Madness","listText":"Madness","text":"Madness","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/186797911","repostId":1102961449,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":186701799,"gmtCreate":1623539656811,"gmtModify":1704205537563,"author":{"id":"3583042826015243","authorId":"3583042826015243","name":"skli","avatar":"https://static.tigerbbs.com/cb36785e9f320f479b566e1e20e9c3e3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3583042826015243","authorIdStr":"3583042826015243"},"htmlText":"Yup, mad money&nbsp;","listText":"Yup, mad money&nbsp;","text":"Yup, mad money","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/186701799","repostId":1102961449,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":186429728,"gmtCreate":1623532645564,"gmtModify":1704205483462,"author":{"id":"3576420733683738","authorId":"3576420733683738","name":"markkk","avatar":"https://static.tigerbbs.com/df42d8e8fb0e4c7a09fcf6592b170a1e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3576420733683738","authorIdStr":"3576420733683738"},"htmlText":"bitcoin to the moon","listText":"bitcoin to the moon","text":"bitcoin to the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/186429728","repostId":1102961449,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4716821,"gmtCreate":1623541752454,"gmtModify":1663228607450,"authorId":3576260758860416,"author":{"id":3576260758860416,"idStr":"3576260758860416","authorId":3576260758860416,"name":"andrew123","avatar":"https://community-static.tradeup.com/news/f2a1eaba26272212d42018e60e78b422","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":186429728,"type":1,"supId":0,"prevId":0,"content":"agree","text":"agree","html":"agree"}],"langContent":"EN"},{"id":186543488,"gmtCreate":1623514190044,"gmtModify":1704205380463,"author":{"id":"3562483301865399","authorId":"3562483301865399","name":"mikethong88","avatar":"https://static.tigerbbs.com/6a5078acef0130c8056ab80bf7625f7c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3562483301865399","authorIdStr":"3562483301865399"},"htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/186543488","repostId":1102961449,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":173,"commentSize":90,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}