Has BTC reached a local maximum at 5,000? | Hacker News Reader

Has BTC reached a local maximum at 5,000?

Like Dan Ackroyd's character said in Trading Places, "Now."

My other post predicting exactly how the top would play out was flagged, because I'm not a fan of various shenanigans that sadly involve this website, and made a controversial post to that effect.

Bag holders will get smoked. The higher it went the more uninformed got on board, many of which were invariably using leverage indirectly or otherwise.

Far cry from erlang dude telling me to mine BTC when it was still under a buck. Something about a whistleblower who got away...

This game has been around for a long time. Once Goldman and others got involved in earnest it was over. At least they've advised market makers and the public that the buy range is below 2000. That's why I said it on my other account; my chart analysis cooborates that support is way the fuck down there.

I'm still incorporating outside info in some form as it becomes applicable. and it's applicable here..

Manage risk.

If bounce try sell around 4400-4500. Keep in mind the main idea is still to sell up to 5500, stop loss above

Currently above 4600, any takers?

Lol, no. The market cap is far away, there's just a dip. It will dip further and then it will go up till 6 k

What does "Lol, no." mean? You seemed to have described a local maximum with "It will dip further".

I'd speculate on selling 5k-5.5k which may have passed, or maybe not, and buying below 2k depending on how the downtrend shapes up. My stop loss for this single idea is from 5.5k-6k.

I sold eth on 390 ( top was 391), bought again at 370. Thought it was going to dip < 300. It only reached 320 or so

Why did you buy at 370 if you thought it was going to dip to 300?

It's going to drop further, Nico.

Yes, indeed. I thought it was already recovering :p

At least you're not using leverage Nico.

Win some, lose some ;)

What's a "market cap"? Are you talking about the market peak?

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