So this is what I see:
Today: $10,610
1 October: $13,793 still working
1 November: $20,689.5 working
1 April 2020: $33,103.2 working
1 November 2020: $56,275.4 maybe
1 April 2021: $101,295.7 not working
1 November 2021: $192,462 recovering from a 100K party & traveling
Weeeeeeeeeeeeee
see my interpretation ^^^ above in red
Your interpretation(s) has been lacking, recently.
You know that I am supposed to be trolling you for your having had mentioned on a few occasions, in recent times, the "waiting" for sub $9k BTC prices, don't you?
I am "waiting" for a sign from JSRAW regarding when this particular bottom is "in"... Maybe the two of you have been conspiring on the side, recently... hahahahahahaha... to fail/refuse to respond to trolling?
For now, we are still in the downtrend with lower lows and lower local highs.
Yes, we are in a correction from the $13,880 peak, but I would hardly call that a downtrend.
Even though there is NO one exact way to call the UPtrend or the DOWNtrend, personally, I would like to attempt to play these defiinitions of trends a whole hell of a lot more broadly, so for example, 2013 was either 1 or two uptrends, depending on how you call it, but 2015 to 2017 was an uptrend with a whole hell of a lot of corrections. late 2017 to late 2018 was a downtrend with some upwards attempts in the middle.
So, in my thinking, ever since mid December 2018 we have been in an uptrend, but we did not realize that until about May 2019-ish.. and the April 1 break above $4,200 was a kind of confirmation of that, which was solidified after the BTC price continued to go up, and pretty much went up to $13,880.
In other words, you don't get another downtrend, you merely get a correction, that is very uncertainty as to where it stops, yet we still remain in the same uptrend that started, more ore less from a bit after the April 1 breaking above $4,200.
So, yeah, you are attempting to call the degree of a reasonable correction within a downtrend, which seems to be quite a dangerous game.
Good luck with that, and I will probably continue to troll you, unless you turn out to be right, then I will have to stop, at that point and likely assert that you were merely lucky.
The downtrend is intact until we go back over 13.8K.
Sounds like almost a certain way to get Reckt... so hopefully, you are not betting too much on your wait and see status.
Second, the digs don't really work on me because I am already past the accumulation phase, at least according to my current investment plan.
I am glad, because you surely seem like an overall reasonable kind of guy, and if you are only betting a small portion of your stash on such possibilities, then your level of reckt will likely be minimized.
As you might already realize, I get a bit worked up when relatively strong predictions of BTC's price direction comes up, and I get a bit more worked up when the BTC price prediction is down rather than UP.
Yes, I can buy here and there, but I would be distributing some btc each year, probably, feeding no-coiners.
I will agree that there is a lot more flexibility in the logic of what you do when you have already largely established the vast majority of your stash, so in that regard, it remains discretionary about how much you might play your cards in each direction. Surely, if you have accumulated already, then you are largely already prepared for UP, so even if you are anticipating down, you are still prepared for up.
My main criticism of members in this thread tends to come more strongly when they seem to be preparing only for one direction, whether that preparation is psychologically, financially or both.
Of course, if a small shitcoin play would work and some looks like they would (at least temporarily), I would be converting those (in part or wholly) to btc. Bitcoin is the core position, but I do play small games on the periphery as it works better for me in comparison with scalping short term trades.
I cannot really argue with those kinds of discretionary tactics, either - especially if you don't tend to pump them in the thread, so if you are just playing around on the side, then surely those can play either way, even though I personally don't really do that at all, and I am not even really tempted by playing on the side because I consider that my BTC strategy has created enough comprehensiveness for my own comfort level in the quantity of value that it represents and my belief that it is of a sufficient enough size to serve its purpose(s).
By the way, thanks for responding to my stalking of you.
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