Seeing 4 as the first digit in BTC price in December is pretty depressing. Do we need some gay xmas cards to cheer King Daddy? Will he present us with a huge green dildo for that?
Gut bacteria turned sour on Tuesday.
We're getting fucked sideways through at least end of Q1 2022 is the vibe I'm getting.
Historically, your gut has been wrong quite a bit, but even something like sideways until the end of Q1 does not seem that bad (at least compared to some other predictions that are suggesting sideways for up to a year... which by the way seems to be wrong, too).
Regarding the substance of a sideways until the end of Q1, that does not sound implausible. I do believe that we are in a war; however, it makes way more sense to experience consolidation in a range of something like $40k to $55k than it would be to be consolidating at or near the top... so surely consolidating in something like a 20% to 45% correction zone does not even sound unreasonable.. even though I am tentatively considering it too soon to be saying that we have fallen too much into consolidation when we are only around 30days out from our previous ATH price of $69k.. on the 9th of November, no?
Let's see how the next week or two play out...
[edited out]
Well, I was expecting a new ATH after that $42K hits. I was ready to go on vacation but I had to cancel it.
IDK How long I have to wait.
Meanwhile me:
Fair enough.
We did get a pretty good bounce off of $41,967.. and our subsequent stagnation does seem to show that we cannot get too presumptuous about price direction - and the most presumptuous we could reasonably get is trying to figure out where we are at... and hopefully preparing financially and psychologically for decent probabilities that we could go in either direction....
So, a few days ago, I was tentatively toying with the idea that no man's land has now moved to new price boundaries, which would be something like $62k to $92k, and so it could take a bit of time for us to get back into noman's land... and gosh who wants to be testing $42k again? Of course, if you are fairly new to bitcoin and to stacking (accumulating), then you may well have a practice in which you are not really bothered by a lack of BTC prices going up.
I do see how some longer term HODLers could get impatient with where we are at.. because there was an anticipation that we were going to be going further UP... and maybe there is a lot of pain.. or a lot of folks to reck to cause some egg on the face.. and if the momentum has been temporarily stopped or delayed.. then several of us may well need to reassess..whether we are currently in a place of adequate preparation.. psychologically and financially.
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