Boiler Room: The Official Stock Market Discussion

[Eternal Tecate]

couldn't find a catch all crypto thread, I know some people talk about their holdings in here, but doesn't seem to get talked about much in this thread past that.. I'm interested playing some of the crypto stocks like MARA

this time in the last halving cycle BTC pulled back like 30-40% for the next leg up.

Anyone who didn't start paying attention to crypto this year like me have thoughts on this current run? Because from what I'm seeing crypto stocks ARE the damn play if we're seeing a correction for the next leg up within a bigger bull run.

My plan is if BTC hits sub 45k into the low 40s to think long and hard about loading up on some miners and crypto exchanges/brokerages while they're getting pounded during a BTC dip. If it retests the high before then and gets rejected I'll probably hold off. Only investing money I can sit on until potentially 2024 if this is actually the start of a crypto bear market.

Bitcoin Rainbow Chart (Live) - Blockchaincenter

 

[Eternal Tecate]

I’m pretty new to the crypto world as well, but I found this comparison to the 2013 and 2017 BTC bull markets to be quite interesting. Almost identical runs.

Since BTC is an algorithm, it actually has predictable movements. The bull runs have been fractals of each other, the same pattern at different scales. According to this we haven't hit the spike period yet. This was from a few weeks ago but we're still basically at the same level.

 

[Eternal Tecate]

What would you all suggest for a novice trader who wants to learn how to study the market? I need help desperately while I have the time to do it.

I'll probably get some shyt for this but go on Wallstreetbets and read some DD (due diligence (research)) that's posted on there. Don't buy whatever they say but you can get an idea for how investors research and operate. There's a ton of trolls and idiots on there but I've learned a lot by shifting through the bullshyt.

 

[Reign X]

Bitcoin down to 47k. Expecting Tesla to beat earnings after hours tomorrow.

 

[Imhotep2]

MMEDF is going to be interesting to see next week since its about to be available to trade on NASDAQ.

Went up 65% Friday. Has the makings of a meme stock run

Robinhood and WeBull users can buy Tuesday. Fidelity and TD can buy before.

Bought some at $0.80 when I saw Mr wonderful propping it up, now its $3.65 but will buy more, and plan on holding longterm, hope this shyt goes up

 

[K-Deini]

Nio, take us to the promised land this week

 

[FabTrey]

Bought more BTC at 49k few days ago.

 

[FabTrey]

I'll probably get some shyt for this but go on Wallstreetbets and read some DD (due diligence (research)) that's posted on there. Don't buy whatever they say but you can get an idea for how investors research and operate. There's a ton of trolls and idiots on there but I've learned a lot by shifting through the bullshyt.

Im a long and this better not get pump and dumped

 

[FabTrey]

they tryna come after the king

 

[chineebai]

I really like OSTK if it can close above 72.50. It can squeeze.

EXPE can break out a wedge above 180, then higher.

Buying some long dated GE calls, maybe $16 by Q4

 

[chineebai]

For index fund lovers, IWM is a nice position to hold since it went above 222. The big test will be 226

This was a nice 100%+ option call. Pass 226

 

[JetFueledThoughts]

Bitcoin down to 47k. Expecting Tesla to beat earnings after hours tomorrow.

I tried to buy up everytime I saw it under 50 this weekend. Even if it finds its way down to the 30s again, I think it’ll look so different this time next year I’m not afraid for it to drop.

 

[K-Deini]

Amc

 

[chineebai]

btc dips are being brought quickly off the 50ma support, feels like a bottoming soon, good for mara/riot, might see nice green candles today/next week. I love selling Riot puts in these cases.

BTC didnt go to 46k like i thought but still bottomed out at 48k

 

[Da_Eggman]

Im a long and this better not get pump and dumped

Stay long regardless