Not creating any FUDs however, just wanted to share one analysis: Last time when RSI went below 20, we touched 27k.I truely believe in Bitcoin however risk management is really important. Do not hate me for sharing this.
Why not hate on you?
Seems fair enough to hate on you when you ONLY spout out that you believe in down and hardly even discuss any kind of specifics.. are you looking at daily candles? hourly? Weekly? what? Do you understand anything else about bitcoin in terms of where we might be at, how we got here that might help to determine where we might be going, to the extent that short-term even matters very much in terms of is there action that you are suggesting.. psychological preparations? or what? Prepare to buy some more BTC if you have not been buying for the past 2 months? or what? I can feel more and more reasons for hate when there are vague spouting outs of downity, without hardly any context.
By the way, factually we have not touched $27k, yet. The lowest in this correction has been $28.6k, so far. We use Bitstamp in these here parts for our general BTC price reference... unless you are specifying some specific or location that you are finding your number (to the extent that your number even matters because right now we are bouncing around the arena of $31,950 as I type this post), so if you are selectively shopping around for a lower price because you want your emphasis to be stronger, you better snap the fuck out of it, and get on the same page about BTC price references.
For sure, I am not going to argue that the odds are NOT greater than 48% that we may well end up testing the lows of this cycle again.. Sure there could be decent odds of testing $28.6k that might even go greater than 55.5%.. but I doubt that they are even much greater than that, even if there was some kind of benefit of the doubt that RSI below 20 actually means anything in terms of some kind of increased likelihood of testing (or retesting) $28.6k.. and even if it matters very much if we were to test support at $28.6k versus going the other way and retesting resistance at $35k... .but hey...
Yeah, let's see how the next 48 critical
tm hours play out.. down? up? or sideways? (or might we need a longer context? not sure we could have down, up and sideways in the next 48 hours, but usually we have to have one at a time.. so currently we do seem to be having some downity pressures that have been going on for a bit more than a week, but it is NOT really a whole hell of a lot of downity, if we zoom out, it almost looks flat, even though on the down part of the consolidating range.. so does it even matter unless there might be a break out in one direction or another.. sure, when we are on the down side of a range, we might break down, but then we could end up breaking up, too... so I am not sure why we would presume one direction over another having much greater than 50/50 odds.. got me there.
Nick Szabo blocked me on Twitter. I have no idea why.
It's probably him, not uie-poo-ie..
#nohomo
One time he even liked a reply of mine. Then, blocked.
I feel that way about you too, sometimes.
But hey.. .feelings... nothing more than feelings, right?
Weird.
True dat.
Don't shoot dee messenger.... 
Poll
