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 Bitcoin and other Cryptocurrencies, Comprehensive guide on first page.

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SmallPenguin
post May 19 2021, 10:54 PM

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QUOTE(ljken @ May 19 2021, 10:17 PM)
Sorry, was busy buying, forgot to thank penguin. Thank you penguin. Hope you are blessed with gains.
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On second thought, might need to watch out unsure.gif

I dont think its over yet. Given the retails sentiment and how BTC usually play out

There may be another dip to flush early buyer, 30k below the liquidity not touched as depth zone still valid 25-47k
SmallPenguin
post May 19 2021, 11:23 PM

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QUOTE(Eithanius @ May 19 2021, 10:56 PM)
My sentiments exactly...

A double bottom before trend reversal...?
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Yes trend reversal after this

But question is the correction over? Current move is beyond what I can guess already. Its clear sign institutions are flexing so dont block at spotlight let them have their fun

Double bottom highly will go deeper than this one to test the 28k liquidity. What if 25k is broken? How will the retails react?

And given at the end of Phase 4, 43k, the bounce is much lower than I expected, so something is changing there hmm.gif

At this point of time I can only say the lower we go, the higher we bounce. Spot is best, buy and come back later


SmallPenguin
post May 20 2021, 07:05 AM

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QUOTE(Eithanius @ May 19 2021, 11:31 PM)
Maybe this will happen... HnS...

[attachmentid=10884379]

Just speculating... tongue.gif
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There is a little speculation for now

Orcs literal at the mercy of Human

Smart money either buy at very attractive price or confirmation for next leg up. Very patience
I humbly asked the ones I know, response was negative unsure.gif

May be a double bottom with scamwick to test the deepest of depth zone: 25k. Then see how the liquidity below 30k there. Prepare for the worst hope for the best

Also pay close attention to BlockFi wallet on crypto quant.


SmallPenguin
post May 20 2021, 09:29 AM

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Was expecting Robert Kiyosaki to tweet something. And finally he did

Remember he tweeted BTC will go to 50k before 20k?

Probably took profit and ready to reenter with larger amount. Hehe
SmallPenguin
post May 20 2021, 10:50 AM

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QUOTE(ben3003 @ May 20 2021, 10:24 AM)
prepared half bullet for another dip, will come or not? lol.. just now only slight jerk and BTC doesnt fazed at all..
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By now you should buy half already

If u sold at 50-60k. Any dip below 30k should have good buyers. Because its more than 50% discount and big boys can accept it. Not all of them tho.

This is the ending of Phase 5, means the next move is to the moon

Given we have touched the lower of depth zone (not the deepest), I would expect more or less 100k before any significant combo type of correction

Still no confirmation signal end of correction yet as of now
SmallPenguin
post May 20 2021, 11:53 AM

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QUOTE(ben3003 @ May 20 2021, 11:16 AM)
ya i have half still queue down to 25k.. because yesterday panic man.. i did not buy at lowest lol.. the dip lasted few mins only lol. now i wanna grab more ETH, BTC, XLM and XRP. XLM really good, even now also very strong.

so bro the signal for end of correction is how? i see 4H chart, the candle still is red..
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XLM? Blue horseshoe loves XLM

ETH is due for a good correction since it is lagged, might bring down alts idk. Spot only for now. You buying now for the next run

Yea yesterday was good one, I baru finish shower, sit down, see big red rocket, nice timing laugh.gif

Still too far early to say anything. Maybe a good breakout and retest and up. Need see more volume. And you have Tether and XRP case around the corner.
SmallPenguin
post May 20 2021, 12:36 PM

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QUOTE(Eithanius @ May 20 2021, 12:16 PM)
drool.gif  drool.gif  drool.gif  drool.gif  drool.gif

Did you see something about potential ETH pullback...?

This morning was a good entry at 2.2k but I missed it...! :x
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2000-2250 is a good range to buy, I mean now also a okay-ish price, calculate the discount from the top, can fit stomach ady

The lagged is like 24-48 hours if you still waiting who knows it might overshoot

Buy some then if got more then buy lol. If yesterday got buy also good, this morning also good. Next run sure higher than 4k



SmallPenguin
post May 20 2021, 01:20 PM

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QUOTE(ben3003 @ May 20 2021, 01:04 PM)
Penguin, how about XLM, now still good to collect? tat day ATH is around 0.7 tho.. only worry is the down later lol.. but don wanna miss the boat to top up sad.gif
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Same again see the discount from top to now, the discount rate you happy or not?

Before yesterday, I buy at 0.4-0.7, so you ask me how can I answer you. laugh.gif
As I said XLM is the stack I buy to hodl until BTC reach 6 figures

As long as it is under 1 dollar, I buy. Jed Mccaleb is a smart guy I trust him
SmallPenguin
post May 20 2021, 07:08 PM

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QUOTE(andrekua2 @ May 20 2021, 01:53 PM)
Did you buy more? I was staring at XLM yesterday at 35c... I didn't jump in because the drop is massive from the 78c ATH...

I should have bought some but damn, yesterday was really panic... I was focus on averaging down my holding plus also looking at ADA at $1. Binance was sluggish and some of the price I bought tend to be on the high side (using market instead of limit).
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I bought XRP instead, under a dollar good bargain

plus the SEC case just around the corner. Whatever the result is, lose = pay fine, investors dont care, price may shallow dip and up ; win= price up

Given today morning action, good probability it will dip again. Late bears done, early long next?

Next week shopping unsure.gif
SmallPenguin
post May 20 2021, 08:55 PM

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QUOTE(andrekua2 @ May 20 2021, 07:14 PM)
Which dip did you bought? The earlier 85c or this morning 98c?

I also sold off some dot and also halves my sushi coins just in case defi summer not going to take off. Considering to buy SNX instead.
Doubled my matic holdings, and keeping dia and link for long term. Will increase celer coins if it dips. Going to hold 50% cash.
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Yesterday one but didn't catch that dip, because its already dipping when I was still taking shower. Always like this good timing

good luck
SmallPenguin
post May 21 2021, 09:27 AM

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QUOTE(Patent @ May 20 2021, 08:29 PM)
so many people calling that was the bottom I hope they are right
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I like to see a "sell before buy" move to strengthen the next wave up

We can now officially sign off the "Crypto is now dominated by Institutions" blank. As I commented before the goal is to turn crypto into fully institutionalized investment tool.

Good thing is the value is there so it wont go to zero. Bad thing is there is no guaranteed the current flush out is completed

You want next wave 100k, this 30k is the bottom. You want next wave 200k, well another shakeout to 14-15k. So yeah unsure.gif

With old money comes old school strategy.
SmallPenguin
post May 21 2021, 09:53 AM

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QUOTE(ljken @ May 21 2021, 09:39 AM)
Saw the inflow of stablecoins into exchanges chart yesterday. Hehe, got played out by all parties, whales and institutions. May we all make it. Thanks penguin.
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I think I will be hibernating for a while until I spot something interesting to share.

For now I will sign off with this?

» Click to show Spoiler - click again to hide... «

SmallPenguin
post May 21 2021, 10:53 AM

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QUOTE(ljken @ May 21 2021, 10:32 AM)
You may not need to be gone for long biggrin.gif

Also video link pls, look very funny
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check out other videos, quite entertaining
SmallPenguin
post May 22 2021, 07:07 AM

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This is not Phase 5 yet. I repeat this is NOT Phase 5 yet.
All bets are off. 25k may not be the bottom for upcoming week.

user posted image
SmallPenguin
post May 22 2021, 07:46 AM

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QUOTE(walabies @ May 22 2021, 07:23 AM)
🤦‍♂️🤦‍♂️🤦‍♂️ I thought you say orc already go back the gate. No more money for dips. Only can wait
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Yea back when I was assuming 43k still end of Phase 4, because the 65k variation and literally no good bounce at end of 43k, so this 30k is only end of Phase 4, thats why we seeing a good bounce to 42k. Because this move should happen back at 43k it didn't.

And then, institutions added even more shorts. And retails thinking this is the bottom.

The bias is there already

user posted image

catching these two liquidity zones, thats it. The older one wanted to buy lower than 20k.
SmallPenguin
post May 22 2021, 08:12 AM

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QUOTE(SmallPenguin @ May 22 2021, 07:46 AM)
Yea back when I was assuming 43k still end of Phase 4, because the 65k variation and literally no good bounce at end of 43k, so this 30k is only end of Phase 4, thats why we seeing a good bounce to 42k. Because this move should happen back at 43k it didn't.

And then, institutions added even more shorts. And retails thinking this is the bottom.

The bias is there already

user posted image

catching these two liquidity zones, thats it. The older one wanted to buy lower than 20k.
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There is a potential moving out of the standard wyckoff model now as you can see the retails are already spotted it

The only data we have now is no major buy influx yet even at 30k.

Would be funny when retails starting to call bear market and suddenly go up lol
SmallPenguin
post May 22 2021, 12:29 PM

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QUOTE(MANUTD676767 @ May 22 2021, 12:01 PM)
If it goes lower to 30k. Looks like many whales are out from game already hahahah. No point staying d
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Retails out, Professionals in

Thats basically the goal of this 5 Phase correction!

I commented before, Coinbase outflow started in covid crash. It went sideways for couples of month. What could this move be? Smart money are accumulating.

The institutions peak buying per week is Nov/Dec 2020. Since Jan, reducing long while adding more and more shorts. Smart whales got out at 50k.

Now they making good profit, short + distributing.

Don't think because Elon bought at X zone, it will not go below. There are much stronger hands behind the scene, definitely bigger than Elon. Plus Elon can hold it, because he is not using any leverage unlike retails.

Institutions are liquidity hunters, always be. I am seeing a lot of interests at 18-19k zone from the smart whales I know of.

We could be in Denial stage
user posted image


SmallPenguin
post May 22 2021, 12:51 PM

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2021 Crypto new buyers vs Institutions laugh.gif


SmallPenguin
post May 22 2021, 03:35 PM

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QUOTE(MANUTD676767 @ May 22 2021, 02:59 PM)
Thanks for the explanation.. sounds like I should hodl for long term investment
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Yes, long term its inevitable.

They will purge as much retails as they can. There is nothing much can do at this point. Correction should end around June/July hmm.gif

If your account in deep red here's a song and buy some books to read laugh.gif



SmallPenguin
post May 22 2021, 11:57 PM

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Ironic, this type of move coming



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