Idk. They say that you can see waves with some certainty only retrospectively, and I'm not an expert for sure.
hahahahaha...
Seems like both of us had been exaggerating a bit and perhaps joking to the degree that at some point we need to say something that is more grounded in reality...
So, yeah, I agree with you that it is quite likely that waves cannot really be understood too well, except when looking back historically, and likely such assertion is even more true with something like bitcoin that seems to be exploring uncharted territory, immature, and possibly in a kind of s-curve adoption phase.
IMO I don't expect much resistance until the 9K, even because S2X seems to be a dud even worse than the other fork attacks.
And once S2X will be revealed as the fail that it is I see just a free highway going forward.
Well, you have a few main ideas going on here or at least various branches of your assertion(s).
I agree with the general suggestion that the upcoming forkening (if it happens) is causing some of our current price dynamics - and we likely need to attempt to specify exactly the forces to be able to recognize that the overall dynamics is causing ongoing and upwards BTC price pressures.
In that context, we still have about 11 more days before the proposed forkening, which is kind of a lot of time in bitcoinlandia, which could cause some thoughts that this particular price rise from $5900 to $7500 has come to us a bit "early".. and in that regard, it seems difficult that we would only have UPPITY for the next 11 days because that would likely be too much. and surely cause a kind of bubble (if not merely temporary)..
Even though I could be wrong, I also think that you are a bit premature to just throw $9k in there as our next resistance level. Sure, earlier, I had indicated that I though that $6800 to $7800 was our next resistance range - yet we seem to be kind of floating right through it, even though we have not surpassed $7800, yet. But I suspect that if we do get passed $7800 in the coming days - or even week, the next resistance range of $9600 to $13600 is going to be more than fair game, even before this proposed forkening.
Of course, if we go passed $13600 for this particular upwards price movement, then we are likely a bit fucked in terms of the level of any likely correction.. and gosh, I am not even really sure whether it would be fair to discuss what the resistance level might be after $13600, but would likely be in the $17k to $20k territory-ish.
So what happens after or during any actual forkening, if it occurs, would likely depend upon how we much upwards we had in getting to the forkening and also whether this segwit2x is actually a dud in fact and how long it takes to determine that it is a dud, if that ends up being the outcome (which I agree seems to be amongst the most likely of the scenarios).
I kind of agree with the scenario that there is going to be a decent amount of further UPPITY, in the event that the forkening is resolved quickly in showing the absurdity of the s2x proposition.
But a wildcard that I'm expecting is the implosion of Finex.
What the fuck is this? A complete conspiracy? Do you have any evidence at all that this is likely beyond pure speculation that Bitfinex is getting BIG again?
By the way, Bitfinex has to have a bit of confidence in their solvency and even their attempt to run a legitimate business since they had the balls to kick out all of the USA customers, including yours truely. Maybe you are going to assert that I am naive, but if Bitfinex truely wanted to exit scam us, wouldn't they have already done it? They weren't ready to exit scam us, so now they are building up business in order to exit scam us on their own convenient time line?
Come on!!!
[insert jim carey "come on meme" here, with the water spitting part]
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