Damn you HairyMaclairy!
Luckily, perhaps, we have a fake out here... back to the main story.....
UP!!!!!
A fake out would be good. This constant dashing of hopes is growing old... as am I.
I was mentioning the getting more elderly concept in another post of mine recently, and referring to where we are likely going to be in 2028. Yes, each of us is going to be 10 years older, and a decent chance that we will be a lot wealthier, too - in terms of fiat... but maybe our bitcoin stash will be smaller because we are going to have to sell some of them on the way UP in order to live while we are younger, rather than attempting to take our wealth to the grave.
O.k... I see what you are saying regarding seemingly false break-outs, and yes, our consolidation range has been narrowing and narrowing and narrowing since about February - bringing us to a place in which we might not be happy with sideways, we certainly do not want more down, but we might not really have a choice - even while we cannot really tell whether the price is going to break up or down.
Surely, we have been bouncing into the $6ks long enough, and surely a lot of us HODLers are ready to move onwards and upwards from here - but whether she is ready or NOT seems to be another question.
I think that guys like Hairy are suggesting that DOWN has a bit better odds than UP.. and I really prefer to just challenge the extent of their confidence rather than to say that they are wrong.. which probably causes me to gravitate towards being a 50/50 kind of guy.. which could be unrealistic too... but in the end, there are not a lot of us who are going to become UPWARDS confident until we really begin to give $10k a challenge.. perhaps there would not be a need to break above $10k on the 1st or second attempt, but giving $10k resistance a decent challenge, would cause a lot of folks to become more confident that the bottom for this current long and drawn out correction is already "in."
P.s. By the way, I understand that Hairy is suggesting $7,200-ish as this particular local top, and if we can get prices to $8k or perhaps $8.5k before they correct, again, then maybe even Hairy might change his tune, a bit, perhaps? perhaps?
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