Vectra
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September 05, 2020, 06:41:55 PM Last edit: September 05, 2020, 06:56:46 PM by Vectra |
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Bitcoin dropping while btc dominance going up. Maximum pain. I am looking at size of waves of this drop from 12.5k and it is definitely not an ABC correction which lead me to think we can put our 14-15k plans on hold for some time. This is the first wave of retrace only, might go quite deeper in next waves. Maybe something like this: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.tradingview.com%2Fx%2FjODOc2Go%2F&t=665&c=yHq-r2SMVV96TA)
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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September 05, 2020, 06:54:08 PM |
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[edited out]
and everything to do with not wanting to possibly incorrectly refer to a she as a he...nothing more, nothing less. And yes I should have appended my post to clarify that if indeed the poster is female, it doesn’t make a shit bit of difference. You did the fatal error of mentioning me in your post, sirazimuth. I am going to chime in that I agree with nullius and the various other antiplurality references to singulars. If she cannot handle getting referred to as he, then fuck her. Same thing is true, if he cannot handle getting referred to as she, then he is acting like a whiny bitch.... especially on the interwebs, we can be he or she. I do find the term "it" to be a bit dehumanizing, and NOT to many of us are it... at least I hope not. Please, no more pompous long winded lectures, that's jays job.
nullius can definitely out "long wind" me and surely in many more seemingly erudited ways, but I have noticed that he tends to be much more sporadic than me, so he does not seem to have any kind of marathon-like endurance, to the extent that marathon-like endurance might be a positive, rather than a negative. I am thinking that he must have to go away for 3-6 months just to draft up his multiple possible responses, and then when he comes back, he tweaks and slams those various pre-drafted ideas upon various parts of the forum's populace. That's my tentative theory, and I am sticking with such tentative theory until there is meaningful evidence to the contrary. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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LFC_Bitcoin
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September 05, 2020, 07:05:14 PM |
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Observing $10,116.
There’s a real battle at $10,000 atm.
We dipped below $10,000 but bounced back, it seems to be acting as good support atm. Be interesting to see what happens from here. Something has to give soon.....
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MFahad
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September 05, 2020, 07:05:39 PM |
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Will you miss this year 2020 or would like to forget it ? Are there good times ahead ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FgFVTsTY.png&t=665&c=v0ZdFdfHFb-TwQ)
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heslo
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September 05, 2020, 07:08:17 PM |
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Someone is really trying to push the price and keep it under 10k. Let's hope they lose out; I don't like being this close to 4 digits
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Wekkel
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yes
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September 05, 2020, 07:08:55 PM |
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I sense a storm coming our way, moving from north to south. Should we name it ?
Call it "Independence day weekend 2013" and never look back Edit: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.postimg.cc%2FnLJH5wSP%2FIndependy.png&t=665&c=KWsq3jg16fLU-A) The last capitulation drop. But for that we need to recover soon.
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Vectra
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September 05, 2020, 07:11:07 PM |
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I sense a storm coming our way, moving from north to south. Should we name it ?
Call it "Independence day weekend 2013" and never look back Edit: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.postimg.cc%2FnLJH5wSP%2FIndependy.png&t=665&c=KWsq3jg16fLU-A) The last capitulation drop. But for that we need to recover soon. wasn't this silkroad capture drop?
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Vectra
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September 05, 2020, 07:14:06 PM |
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Observing $10,116.
There’s a real battle at $10,000 atm.
We dipped below $10,000 but bounced back, it seems to be acting as good support atm. Be interesting to see what happens from here. Something has to give soon.....
I hope for a bounce here to some 11k, but it doesn't look like 10k will hold after that. This is not simple ABC correction, it went too far after retrace to 12k. So it's probably only the first wave of retrace. Bounce to 11k would form a new head and shoulders with target somewhere 7-8, depends where the neckline would get broken. Bulls lost the power here.
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PoolMinor
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September 05, 2020, 07:18:48 PM |
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The last capitulation drop.
But for that we need to recover soon.
The comparison was more about the holiday weekend dip rather than the chart.
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jojo69
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diamond-handed zealot
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September 05, 2020, 07:24:13 PM Merited by BobLawblaw (2) |
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d_eddie
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September 05, 2020, 07:28:35 PM |
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Managed to buy a little more physical quite a bit under 10k. Feeling good. #stackingsats
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machasm
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September 05, 2020, 07:31:20 PM |
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Gotta say I thought that 10k was well and truly behind us when we were sitting at over 12K, with the halving In our rear view mirror and all the bullish sentiment only just a month ago. I know we are all good here on WO but man this is a real gut punch. I guess the honey badger didn't get the memo that we are (soon to be were if this goes on much longer) in a bull market.
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LFC_Bitcoin
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September 05, 2020, 07:34:13 PM |
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Gotta say I thought that 10k was well and truly behind us when we were sitting at over 12K, with the halving In our rear view mirror and all the bullish sentiment only just a month ago. I know we are all good here on WO but man this is a real gut punch. I guess the honey badger didn't get the memo that we are (soon to be were if this goes on much longer) in a bull market.
Not gonna lie, this sucks!
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bitcoinPsycho
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September 05, 2020, 07:34:35 PM Merited by JayJuanGee (1) |
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Buy buy buy bye bye bye bi bi bi the dip
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_javi_
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September 05, 2020, 07:36:19 PM |
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They said round numbers were hard to break (10k...psychological resistance).. but it seems they are like butter to the downside..
Go BTC... go up!!
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JayJuanGee
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September 05, 2020, 07:36:56 PM |
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You don't like or appreciate what seems to be an ongoing purging of the snot-nosed 14-year olds out of various shitcoins, defi and yield farming.. gotta be related to our current BTC price performance, no, and seems kind of healthy to purge some of that crappola, no?... Sure, I don't like BTC prices going down, either, but sometimes it is not easy to have a short-term bitcoin bullrun (like that in early 2019) in which ethereum and other shitcoins lagged behind while bitcoin did a 3.5x in about three months... those were the days, and those are rare opportunities and lovely to witness, but seemed hard to accomplish within a kind of bullshit defi, yield-farming phenomenon that had been taking place in recent times.. What the hell do I know regarding what is sustainable, though?
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LFC_Bitcoin
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September 05, 2020, 07:41:49 PM |
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Surely if all that Defi crap is falling to pieces the money would go into bitcoin (if investors are crypto literate people).
Why on earth are people selling the king?
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proudhon
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September 05, 2020, 07:44:40 PM |
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Looks to me like the $1,000/btc and below price levels need more testing. I'm just telling ya'll the truth. I could see maybe bitcoin long term stable in the $200-$500 range after a lot of faffing about.
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mike4001_
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September 05, 2020, 07:44:49 PM |
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Well I have written several times that anything above 10k is not sustainable. I know that I will get Negative reactions again but I will probably still be writing this the next few years.
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proudhon
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September 05, 2020, 07:45:33 PM |
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Well I have written several times that anything above 10k is not sustainable. I know that I will get Negative reactions again but I will probably still be writing this the next few years.
Glad somebody else see the obvious writing on the wall.
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