Well you guys are right that there has never been 7 consecutive red weekly candles before. But what I have noticed during 2018-10-22 to 2018-12-10 (period of 8 weeks) price dropped from $7680 to $3156, it was -58% price drop. And that time too there were 7/8 red weekly candles.

Ok now we got 7 red weekly candles but price drop is from $48,189 to $26,700 which -44%. So no way these can be worst weeks of bitcoin.

Even if you consider ATH of that period and now you will see:

2017 ATH $19,789 to $3,156  => -84%
2021 ATH $69,000 to $26,700 => -61%

So no, we are not having the worst weeks of bitcoin yet. 7 red candles or 8 still stats saying otherwise.

HODL

At a glance I do not see much about the following here... my apologies if it has been already discussed.



This is a shot of central bankers and finance ministers from 40+ countries that Nayib Bukele invited to El Salvador for a conference on using Bitcoin as a nation.

The list of countries reads like a whos who of the folks that would be targeted by the IMF et al with their loans etc.  These folks are looking to get off the plantation and they are doing so en masse.

Banco Central de São Tomé e Príncipe
Banco Central del Paraguay
Banco Nacional de Angola
Bank of Ghana
Bank of Namibia
Bank of Uganda
Banque Centrale de la République de Guinée
Banque Centrale de Madagascar
Banque de la République d'Haiti
Banque de la République du Burundi
Central Bank of Eswatini
Ministry of Finance of Eswatini
Central Bank of Jordan
Central Bank of The Gambia
Comisión Nacional de Bancos y Seguros de Honduras
Direction Générale du Trésor, Ministère des Finances et du Budget, Madagascar
Maldives Monetary Authority
National Bank of Rwanda
Nepal Rastra Bank
Sacco Societies Regulatory Authority (SASRA) Kenya
State Bank of Pakistan
Superintendencia General de Entidades Financieras de Costa Rica
Superintendencia de la Economía Popular y Solidaria de Ecuador
Banco Central de El Salvador
Central Bank of Egypt
Central Bank of Jordan
Central Bank of Nigeria
Ministère de l'Economie, des Finances et du Plan du Sénégal
Superintendencia de Bancos de la República Dominicana
Banque Centrale de Mauritanie
Banque Centrale du Congo
Central Bank of Armenia
Bangladesh Bank
Banco de Moçambique
Bank Al-Maghrib (Morocco)
Bank of Sierra Leone
Bank of Zambia
Central Bank of Lesotho
Central Bank of Liberia
Central Bank of Sudan
Financial Regulatory Commission of Mongolia
Ministry of Finance, Zambia
Palestine Monetary Authority
Reserve Bank of Malawi

They did this quietly, and it has not been covered much by mainstream western news.

Probably nothing, right?

Top tip from my hot neighbor, she's a gardener.

bitcoin like system? with such a high fee? he's drunk!

So frequently while going through consolidation periods (and corrections), they seem like they are taking forever to play out.. and yeah, maybe we need to stop pondering 100x or even 50x or 20x.. even though 20x from here ($30k-ish - which would add up to $600k) seems more than doable to me... even though it could take 4-8 years to play out - and I don't even have any problem with 20x playing out in 8 years.. (even though I might no longer be alive because even the implications of the picture involves pondering various health implications with the passage of time.

There may well be some difficulties getting our momentum to revert back to UPpity since we have fallen below the 100-week moving average (which is currently at about $35k)... so getting above that first and foremost might help to establish if the bottom is in.. and then moving further above the 100-week moving average might allow us to consider whether we have gone back into possible UPpity mode... How long will these happenings take?

Remember our little correction between November 2018 and then our reversions to UPpity that happened around April 2019.. that was about a 5 month turn-around, which does not really seem too bad, upon retrospect.. but those felt like a long 5 months while we were going through the process of figuring out if the trend was going to revert to UP....

I hate to sound like a bear.... so maybe I can try to frame potential optimistic reversals that might happen as quickly as a month to play out, but that seems way too optimistic so in that regard, we know that the worser case scenarios for reversal could take longer than the 5 months we experienced in the playing out of that 2018/2019 situation.

By the way, about a month ago, I had noticed that the 200-week moving average was moving up around $30 per day, and now it seems to be moving up around $15 per day.. so for sure lower BTC prices does contribute towards that 200-week moving average moving up at a slower pace (even though it does ongoingly tend to move up since the BTC price does ongoing tend to trade above it - at least so far in our 8-ish plus years of BTC trading history that has established a 200-week moving average in the first place (there needs to be nearly 4 years of prior trading history, just to establish a 200-week moving average)).

Who else?


 

My man posting random TA everyday with bullish sentiments when the market is near to recession, inflation is going to break records, blue chips are dropping down and there is a world war about to start.

Kudos.

warming up now...

For what it’s worth, I think we’ll go under $30,000 at some point in the next 12 months. We won’t go sub $20,000 though. $100,000 & much higher is a guarantee in 2024/25 after the next halving. Be smart, if you panic then you’re looking at too low a time preference. $100,000 & beyond in under 3 years, any kind of significant dip now is a gift.

I can’t believe that we agreed on something - “country wars, 2x2”.
BTW, have you seen Arrie today? Try Mc Donalds, yo.



My bad. Please don’t start with the “woke” bullshit.



It just goes to show you that you know *nothing* about common ladies and their clients.
Unless you believe that young boys have enough money to become a “client” - to well paid fuckz.
I’ll share a little secret with you: I lost my virginity when I was 15 to a prostitute - and thank her so much for it.

Trust me, it’s late.

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You’ll do more than “bite”, you deepshit. [I hope you can handle the anagram]



Besides rekt-ing all of your bozo accounts you said?
Nah, I’ll leave all the - phishing for private information - attempts to you.



You can’t be that dumb! Look up “sarcasm”, yo.
I’ve had more women that you will ever imagine, and I’m proud of that too.



That’s sick. But I knew that already, you massive faggot.



Please not. Anything coming from you is an insult.

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I sold *half* of my Bitcoin, because of reasons - as I’ve mentioned before.
At least I never short Bitcoin, much like you cuntonian bastards. In fact, I don’t do leverage anymore either.



I get that a lot tbh, but it’s because brainwashed people don’t like to hear the truth. They will defend their chains, like good old slaves.
Get your head straight bud, that you’re talking to a truly free individual here.

When are you going to admit that you’re a cuntonian, I wonder.

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Geee, thanks Bob.



Can you elaborate? I’m not very smart as you know.

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It figures, because you’re a cuntonian!

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No need to bud, it’s embedded. Just turn the fucking TV off.



You’re going to push the bullshit - no matter what - right? Could it be the vaccine?
Have you ever saved someone’s life? You should try it.



Yup. That’s why governments are responsible for this genocide.



My schedule is tight atm, but I will always find time for liars like you.

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LOL.

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Good morning liars, pussies, and free people.

Safe

Good. People learned and drawing their satoshi out of the exchanges.    

You mean that I should be intently listening to the same clowns that were sooo like "Bitcoin is gonna be over $200K by Dec 2021!!!! Because PlanB said so!!! His data is irrefutable!!!" ?

That crowd?

No thanks JJG.

I know the kind of fuck ton of real fiat $$$ it would take to get from where we are current at, to > $100k STABLE PRICE. And I can tell you that, we're just not seeing it rn.