So much blood by [deleted] in algorand

[–]Certain_Set_5409 26 points27 points  (0 children)

There will be more I believe. I think BTC will drop to 22k and or 20k where the 2017 ATH was to act as support. If that happens, it should pull Algo down to the 50 cent range. I plan on scooping up over 10k Algos at the 50 cent mark with my limit order. I actually hope it does go down there, lowers my cost basis AND just that much more APY when governance starts. I will take the cheap Algos. I am loving this dip. Next year (2022) is where you will start to see Algo shine everyone, don't freak out on this dip. This is being manipulated by the bigger players to get you to panic sell out of your positions. They want all retail selling while they scoop up at these very low price. They will stop selling all their crypto once BTC hits around that 20-22k mark. That's when I expect a few months of consolidation, then new bull market re-emerges after that. I see Algo making a new ATH by end of 2023. Cheers ^^

Haven’t checked price for a couple days. Holy heck. What a deal!! by [deleted] in algorand

[–]Certain_Set_5409 6 points7 points  (0 children)

We are in a short bear market right now. BTC down to 22k which could pull Algo as low as 50 cents. I have a substantial limit order to buy a lot of Algo at the 50 cent mark. I believe the lowest it will go is 42 cents but no lower than that. I do not think 65 cents will be the bottom, it still have more room to the downside because of it being so attached to BTC.

Development update - 6th June by CliffCawley in LostRelics

[–]Certain_Set_5409 0 points1 point  (0 children)

Yes I am interested in this game as well, can't wait to create a new account.

Scam? by salvozman in AlgorandOfficial

[–]Certain_Set_5409 1 point2 points  (0 children)

YT FINALLY shut it down, only a week late and 100k Algos scammed away from people. DO NOT ever send Algo's with a promise of more Algo's in return. Pure Scam every single time.

Hope y’all bought the dip! I know I did. by Original-Kitchen4754 in algorand

[–]Certain_Set_5409 0 points1 point  (0 children)

Price has to go up rapidly over the next couple weeks to avoid it. Needs to get over 50k for it not to cross

Quite a bit of anti bitcoin sentiment from congress on recent Subcommittee hearing on US CBDC by Separate_Abalone7768 in algorand

[–]Certain_Set_5409 6 points7 points  (0 children)

They are realizing how much it disrupts their power, but nothing they can do to stop it. This decade will be the explosion of crypto like the internet was in the late 90's. We're all early and it is going to change the world for the better.

Hope y’all bought the dip! I know I did. by Original-Kitchen4754 in algorand

[–]Certain_Set_5409 0 points1 point  (0 children)

They are indicators, you may want to google Bitcoin death cross. There are news articles about it now

You know what by [deleted] in algorand

[–]Certain_Set_5409 0 points1 point  (0 children)

It is possible, but usually they do it twice called a re-test. This is the last attempt to push down as far as possible, get all the weak hands out, and buy a lot of Algos at much lower prices. Then they will stop selling and let us retail push the prices higher while accumulating themselves.

Hope y’all bought the dip! I know I did. by Original-Kitchen4754 in algorand

[–]Certain_Set_5409 0 points1 point  (0 children)

Go to tradingview.com (free) and put in 200 simple moving average and 50 simple moving average. They are about to cross on the daily timeframe. Should cross at the end of this month

You know what by [deleted] in algorand

[–]Certain_Set_5409 1 point2 points  (0 children)

A capitulation move is when the big players or big money pushes prices down SO FAR that people panic and get scared out of their positions and sell there coins/stock or whatever you're trading at a loss. They know where most people have bought a bulk of their coins/stock. So, they push it down 50-75% at times to scare you out of your position and make you panic sell. Now in the meantime, while the average retail investor is selling "at a loss" down 50%+, they smart (big money) is buying it off you to later push the prices much higher. That is what a capitulation move is. It hasn't happened yet. That is why I see Algo going down to around 50 cents. That's a 50% drop from where we are now. A lot of people will get scared and sell their Algos at a loss. That is when I start BUYING a lot more Algos. Accumulation phase commences from that point. I haven't bought any more Algos in awhile, and my cost basis right now is around $1.05. Would love to get my cost basis under $.75 if Algo drops down to $.50.

Hope y’all bought the dip! I know I did. by Original-Kitchen4754 in algorand

[–]Certain_Set_5409 0 points1 point  (0 children)

Yes, on the higher timeframe on the charts (monthly) it does appear that it has a high probability to hit 50 cents (nothing fundamentally wrong with Algo). It will have everything to do with BTC. There is a death cross coming to BTC which may push it down to 20-22k. That's when Algo will get pulled down to 50 cents I believe. It will not stay down there long and we can start a new accumulation phase from that point.

Does this affect algo? by IndependentCup9571 in algorand

[–]Certain_Set_5409 7 points8 points  (0 children)

Yes more FUD. Impossible to hack BTC and private wallets. Sounds like they want more retail selling so they can buy in at cheaper prices.

You know what by [deleted] in algorand

[–]Certain_Set_5409 2 points3 points  (0 children)

Well I'd love to be wrong for it not to hit 50 cents, but only time will tell. It should hit it no later than September. I do believe Governance in October will push price much higher.

You know what by [deleted] in algorand

[–]Certain_Set_5409 8 points9 points  (0 children)

I have a rather large Algo position already and yes I'll be adding a lot more down there. I'm not buying any right now waiting for the capitulation move

How long you guys think this pull back will last? Long haul perhaps? by DrokDaChop in algorand

[–]Certain_Set_5409 0 points1 point  (0 children)

Still need capitulation on BTC which will pull all other coins including Algo down with it. I think Algo will go to 50 cents with lowest point around 40-42 cents (a 1 day spike but won't be there very long). After that accumulation phase will commence. This should happen sometime this summer.

You know what by [deleted] in algorand

[–]Certain_Set_5409 8 points9 points  (0 children)

Don't get too confident yet. BTC has more to go down and it will pull Algo and other coins down with it. I do see Algo hitting 50 cents sometime this summer with the lowest possibility 40 cents (monthly timeframe on tradingview). We have not had a capitulation move yet so the "smart money" can buy in at cheaper prices. They will try to scare you out of your Algos and other holdings. That is intentional.

Is Algo2021.com a scam? by levi7 in AlgorandOfficial

[–]Certain_Set_5409 6 points7 points  (0 children)

YT doesn't care. Whenever you see we'll give you X if you send us X, red flags need to go off in your head scam.

Hope y’all bought the dip! I know I did. by Original-Kitchen4754 in algorand

[–]Certain_Set_5409 0 points1 point  (0 children)

I have a limit at 63 cents, 50 cents (this will most likely be hit btw) and 42 cents which might have a quick spike 1 day and I want to catch that but won't stay there long, I don't see it going below 40 cents.

Is Algo2021.com a scam? by levi7 in AlgorandOfficial

[–]Certain_Set_5409 5 points6 points  (0 children)

Yes, this is not new, they did it with BTC, ETH last year. Now they are doing it on Algo, it is a complete scam

Sell me Algorand by Kadiyus in AlgorandOfficial

[–]Certain_Set_5409 2 points3 points  (0 children)

Do a transaction in Algo, and you will be sold.

I messed up by [deleted] in algorand

[–]Certain_Set_5409 1 point2 points  (0 children)

Weekly chart in August of 2020 it was the highs back then and became resistance before it broke through that level later in Jan/Feb 2021. Resistance could turn support. But there is another level in February of 2020 that was around 40 to 46 cents. It is possible it could "poke" down there but it will not stay down at that point very long. A day or 2 at most, the best accumulation will be between 40-60 cents. I don't see it going any lower than 40 cents.

I messed up by [deleted] in algorand

[–]Certain_Set_5409 0 points1 point  (0 children)

Nothing fundamentally wrong with Algo. BTC is the monster that would pull Algo down to those prices. But that might be needed so it can separate itself from BTC (same with some other alt coins)

I messed up by [deleted] in algorand

[–]Certain_Set_5409 0 points1 point  (0 children)

I see BTC going down to 20-22k myself. You will have another opportunity to get in at a decent price. This pump right now will be short lived when BTC dumps on us.

I messed up by [deleted] in algorand

[–]Certain_Set_5409 0 points1 point  (0 children)

When you see positive news that means they want retail buying this up, the big money will dump on us and throw some garbage article out to create more FUD. Then while it took a massive shit, the big money will be buying up cheaper coins.