Bearish if we don’t hit atleast $49k..
That's quite a random number. Or is it?
Seems that you have picked such random number out of your a** that is just short of where we have already gotten within the past 5 hours, which is $48,500. So you asserted that if we do not make it up to your random number, then the market is bearish - which comes off as nearly pure gibberish.
Seems that the more realistic approach would contain more zoomed-outedness to it.
but yeah..... we had a price correction down to $28,600 in June/July after our $64,895 top in April.
We had a recovery that brought us back up to $53k in early September
And then a crash back down to $39,573 in the past 10 days....
so far we have made it back to $48,500 in the past 5 hours
that is from $44k to $48,500 in the past 24 hours, but within the past 5 hours, we have not been able to get above $48,500... Is there anything to see here, yet? I am having my doubts.
Seems too soon to call whether the UPpity would be done yet or not.. and if there were to be any kind of urgent need to reach $49k when we have already reached $48.5k, no?
Seems to me that we need a bit more data before coming to any kind of conclusion regarding where we are at and what it means - beyond that there are ongoing UPpity price pressures, and if you believe that we are revisiting $39k, that could be the case, and I am not even sure if that would be bearish, if it were to happen.. but let's see.. let's see.. The weekend is critical.
tmI can very quickly - through the back of my head - make a list with genuine people/accounts in here too.
As for the rest, they have an agenda & vested interests - apart from our common denominator BTC.
To be continued.
Cry more, you little bitch.
Bob he is a lovely guy.
Yes, deep deep deep on the inside, he is lovely so long as he gets his pacifier and no one gives him a keyboard - or would it be an ipad?
The last little peak was just shy of 49..
I want to see this peak break a touch higher than the last peak to feel bullish..
Putting up a lower high feels bearish..
Pretty simple really..
Scientific? No..
But I have been watching these charts for a very long time and feel decently confident in my intuition..
Fair enough that each of us are going to come to our own senses of which kinds of factors are important in terms of both price movements and amount of time to get there.. .including what underlying forces might be contributing to such momentum or lack thereof.
I do consider the territory of $55k-ish to continue to serve as a kind of potential resistance.. yet I consider our current price range between about $36k and $55k to be largely noise and consolidation.. sure I might be wrong about the numbers, but those are my approximate concern numbers at this point (as I type this post - and also including that I already stated my other concerns in my response to you, that you cited).
Do I mean end of the halving bull run? No..
Just that we aren’t done with the bearishness since the last high to 52 ish..
Maybe I am partly concerned about such seemingly willy-nilly ease upon which you seem to want to throw out terms such as bull versus bear..
fuck that bear nonsense..
We have been in a bull run since about April 2019 - and sure we might not have realized it until about May 2019.. and furthermore we have had several "corrections" along the way, but you are not going to find me conceding into either calling those corrections along the way as anything approaching "bear" trends.. because we saw from subsequently BTC behavior that we largely continued in our bullish trajectory since about April 2019.. .so it seems to me to way too confusing and misleading to be describing the correction as bear anythings.. merely because they were corrections and merely because some of them happened to have been BIG and SCARY...
I want/need Bitcoin to moon just as much as anyone else here..
Fair enough.... I might be quibbling with you about semantics then, more than anything.
I hope people are right about it dragging on another 6 months or so instead of peaking within 2021..
There seems to be some decent momentum rationale for that kind of a dragging out of the peak.. but surely we can never really know, even though we have seen that historically when we have had the blow off tops, we have had a decent amount of gradual UPpity that preceded the blow off tops, and furthermore since bitcoin is more mature (meaning broader financial influences and B IGGER players that are attempting to play with its inevitable volatility) that can also justify a dragging out of such a blow off top, too
(presuming such a blow off top is actually in the cards)... and surely from my own personally
(gut feeling) perspective such a culmination of this particular cycle with an actual blow off top could drag out up to a year from now
(kind of the longer of the scenarios that I am willing to consider to be plausible in current conditions)...
I would really rather not sell anything more within this year, but I do plan on taking a little off the top to use some of it and hopefully buy back lower with the rest..
Probably with about 20%, and I’m targeting north of $200k..
Mostly, when I sell, I consider that I might not be able to buy lower, but surely I do understand what you are saying, especially when the BTC price starts moving so damned erratically upwards for such a long time, the whole situation starts to seem to establish that some of us are just so damned far ahead of the game that it becomes somewhat of a low risk to be shaving off some decent amounts of profits with an expectation of having decently high odds of being able to buy back lower.. and even considerably lower.. especially if you are considering executing such plans in a supra $200k arena.. presuming that we might be able to get that high in this particular cycle.
Poll
