New term: Ninja resistance

[lebing]

There was nothing in terms of a visible wall after 30, I pretty much thought we were home free



and that I would wake up this morning seeing a new alltime high.


It turns out the walls were just hiding, stealthing themselves



before launching a ninja attack to fight their way into hostile territory.

Score thus far:
Ninja resistance 1
Me: 0

Well played sirs, well played. Enjoy this moment however, because the battle for 32 is not over yet.

[1714705096]

1714705096

[1714705096]

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[oakpacific]

I pulled some random numbers out of my ass and drafted up a theory yesterday: when we broke $20, the market was in a state of indecision and lost its pace, it rammed directly into the $21 territory, all the way up to the $21.43, and then crashed back to $18 before bounced back. So if past could tell anything about the future, when we broke $30, the market will repeat the same pattern. Turns out that a prediction coming from reading tea leaves is not always too far off.

Now the serious part: Bears would want to seize the opportunity of $32 as much as bulls, if they manage to halt bulls' advance at exactly this point, things would not work out well in bulls' favor, the hype which is supposed to be generated by "Bitcoin breaking all-time high" will turn into doom and gloom with "Bitcoin failed at $32 and crashed again", at least that's what bears have in mind I believe.

[notme]

I pulled some random numbers out of my ass and drafted up a theory yesterday: when we broke $20, the market was in a state of indecision, it rammed directly into the $21 territory, all the way up to the $21.43, and then crashed back to $18 before rebounced. So if past could tell anything about the future, when we broke $30, the market will repeat the same pattern. Turns out that a prediction coming from reading tea leaves is not always too far off.

Now the serious part: Bears would want to seize the opportunity of $32 as much as bulls, if they manage to halt bulls' advance at exactly this point, things would not work out well in bulls' favor, the hype which is supposed to be generated by "Bitcoin breaking all-time high" will turn into doom and gloom with "Bitcoin failed at $32 and crashed again", at least that's what bears have in mind I believe.

Yep.

[Zangelbert Bingledack]

I reckon some people who have held agonizingly since the 2011 bubble are finally selling now that they are about to be "redeemed."

[oakpacific]

I pulled some random numbers out of my ass and drafted up a theory yesterday: when we broke $20, the market was in a state of indecision and lost its pace, it rammed directly into the $21 territory, all the way up to the $21.43, and then crashed back to $18 before bounced back. So if past could tell anything about the future, when we broke $30, the market will repeat the same pattern. Turns out that a prediction coming from reading tea leaves is not always too far off.

Now the serious part: Bears would want to seize the opportunity of $32 as much as bulls, if they manage to halt bulls' advance at exactly this point, things would not work out well in bulls' favor, the hype which is supposed to be generated by "Bitcoin breaking all-time high" will turn into doom and gloom with "Bitcoin failed at $32 and crashed again", at least that's what bears have in mind I believe.

For the record.

[bitcoinBull]

I pulled some random numbers out of my ass and drafted up a theory yesterday: when we broke $20, the market was in a state of indecision and lost its pace, it rammed directly into the $21 territory, all the way up to the $21.43, and then crashed back to $18 before bounced back. So if past could tell anything about the future, when we broke $30, the market will repeat the same pattern. Turns out that a prediction coming from reading tea leaves is not always too far off.

Now the serious part: Bears would want to seize the opportunity of $32 as much as bulls, if they manage to halt bulls' advance at exactly this point, things would not work out well in bulls' favor, the hype which is supposed to be generated by "Bitcoin breaking all-time high" will turn into doom and gloom with "Bitcoin failed at $32 and crashed again", at least that's what bears have in mind I believe.

For the record.

What about the record? You predicted that either it will correct around $30 and then advance, or it will correct at $32 and reverse.

I, OTOH, am on the record predicting that it will, quite simply, go up. 

[oakpacific]

I pulled some random numbers out of my ass and drafted up a theory yesterday: when we broke $20, the market was in a state of indecision and lost its pace, it rammed directly into the $21 territory, all the way up to the $21.43, and then crashed back to $18 before bounced back. So if past could tell anything about the future, when we broke $30, the market will repeat the same pattern. Turns out that a prediction coming from reading tea leaves is not always too far off.

Now the serious part: Bears would want to seize the opportunity of $32 as much as bulls, if they manage to halt bulls' advance at exactly this point, things would not work out well in bulls' favor, the hype which is supposed to be generated by "Bitcoin breaking all-time high" will turn into doom and gloom with "Bitcoin failed at $32 and crashed again", at least that's what bears have in mind I believe.

For the record.

What about the record? You predicted that either it will correct around $30 and then advance, or it will correct at $32 and reverse.

I, OTOH, am on the record predicting that it will, quite simply, go up. 

No, i was talking about the first half, besides, I didn't claim to predict anything, just to show people the surprising similarity between the two dumps, and that the dump was much fuss over nothing.

[bitcoinBull]

No, i was talking about the first half, besides, I didn't claim to predict anything, just to show people the surprising similarity between the two dumps, and that the dump was much fuss over nothing.

oh, well in that case, good call!