If this isn't capitulation, I dont know what is
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Thousand dollar down 1 hour candle with massive volume.
Now its getting into the range I was guessing at back in January.
Assuming that BTC is going to survive as the dominant crypto (which I guess is axiomatic for everyone on WO thread) 3k must be near the low for this wave. If its 2k handle, then that is not such a long way off.
Any hodlers that can stand 3k , can stand 2k, they have been through the downwave. The tough bit now is going to be the long wait (and it will be long) before the next real upwave.
Was only a few weeks ago posters were declaring 6400 as the support. Now we would be fortunate to see that level again before the end of next year.
Majormax... I cannot remember your BTC trades since January or so, and maybe you have not described them recently, but I am thinking that an update could be in order or helpful, especially since a lot of market responses can evolve a bit, and most of us don't do absolutley nothing (even though some of us might).
Since this BTC thingie-ma-jiggie seems to be kind of going in the direction that you anticipated (or at least the most likely scenario from your view), did you trade in terms of your predictions .. in some kind of ballpark of selling some BTC towards the top, and buying some BTC back at various increments along the way down?
Perhaps some of us could become more depressed if we hear too good of a story coming from you, but if you can provide a bit of a descriptor of your various buying, selling, trading actions (and tweaks along the way) that could be educational.. at least in terms of showing what actions you had taken and any mistakes that you might have made, too, besides just saying what you had expected.
If you did not make any mistakes, then that would be surprising, too.
Also, for instance, if you were to own absolutely no coins (which I don't think has been the case for you), then the weight of your various price predictions would NOT carry much weight or amount to very much because you had not put any kind of stake (or skin) into what you had thought might be the most likely scenario to happen.. so if you had not made any bets, would you agree that your predictions would have been a kind of "so what?", and you happened to kind of get it the direction right (so far).
I think similarly, if you owned a bunch of BTC at some price point below an average price per BTC of $1k, but you did not anticipate the price going below your buy price, but you did not take any actions at all, then similarly, your predictions would not carry much weight in those kinds of BTC inaction circumstances, either, Am I right?
I am open to be shown to be wrong in terms of how much weight should be given to attempting to act upon any predictions that we make, and I know a lot of people (especially no coiners) make predictions without having any meaningful stake beyond theoretical.
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