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OutOfMemory
Legendary

Activity: 2268
Merit: 5099
Man who stares at charts (and stars, too...)
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January 05, 2022, 07:15:44 PM Last edit: January 05, 2022, 07:27:01 PM by OutOfMemory |
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Good day. Just snapped some Sats at $45.600. Got some more decremental orders below, but maybe they'll never get filled.
I hope not. Yeah, me too, but these $45.5k-ish levels turned out to be a sweet buying zone. EDIT: Hit $45.600 and $45.580, after clearing a $45.500 order. Price can now moon again, thanks  EDIT2: Reason of this order was a tweet where the author said that $45.500 buywalls would be set up by whales just to be cleared when everybody thinks this is solid support. The author has a history of wrong calls, so i took the chance to set some money right there.
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proudhon
Legendary

Activity: 2198
Merit: 1311
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January 05, 2022, 07:37:33 PM |
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 2022 forecast. Get your 2022 forecast right here. Hot of the press. Guaranteed and confirmed.
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bitcoinPsycho
Legendary

Activity: 3029
Merit: 2930
$220000 in one hour confirmed
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January 05, 2022, 07:42:37 PM |
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 2022 forecast. Get your 2022 forecast right here. Hot of the press. Guaranteed and confirmed. Why don't you try VIAGRA?
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BobLawblaw
Legendary

Activity: 1954
Merit: 6090
Your Favorite Negro from Outer Space
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January 05, 2022, 07:57:08 PM |
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ChartBuddy
Legendary
Online
Activity: 2898
Merit: 2496
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 05, 2022, 08:01:28 PM |
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Toxic2040
Legendary

Activity: 1876
Merit: 4315
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January 05, 2022, 08:04:28 PM |
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the noon wall report .... #dyor 4h  D  #stronghands
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shahzadafzal
Copper Member
Legendary

Activity: 2170
Merit: 3218
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January 05, 2022, 08:28:22 PM |
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CB will try to distract you but stay focused and HODL! 
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BitcoinBunny
Legendary

Activity: 1736
Merit: 2976
Far, Far, Far Right Thug
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 2022 forecast. Get your 2022 forecast right here. Hot of the press. Guaranteed and confirmed. 
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cAPSLOCK
Legendary

Activity: 4368
Merit: 7577
In all fairyness!
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January 05, 2022, 08:48:20 PM |
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Yuck. That is fairly strong support being decisively skewered.
What if... what if... proudhon is RIGHT?
It would be nice to see this regain that support level quickly, but that's kind of grasping at straws?
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OutOfMemory
Legendary

Activity: 2268
Merit: 5099
Man who stares at charts (and stars, too...)
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January 05, 2022, 08:52:10 PM Merited by JayJuanGee (1) |
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Good day. Just snapped some Sats at $45.600. Got some more decremental orders below, but maybe they'll never get filled.
I hope not. Yeah, me too, but these $45.5k-ish levels turned out to be a sweet buying zone. EDIT: Hit $45.600 and $45.580, after clearing a $45.500 order. Price can now moon again, thanks  EDIT2: Reason of this order was a tweet where the author said that $45.500 buywalls would be set up by whales just to be cleared when everybody thinks this is solid support. The author has a history of wrong calls, so i took the chance to set some money right there. Oh, that irony  At least some more sats on my wallet. But yeah... Still  I don't even dare mentioning that down-before-** mantra, if may turn against me  Yeah, they banned mining today :/ I forgot about that and should have waited for the real dip. maaaan 
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Flangler1
Member


Activity: 99
Merit: 30
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January 05, 2022, 08:52:57 PM |
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HODL, last hopium  . Don;t know why but It seems I cannot post images.
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jojo69
Legendary

Activity: 3626
Merit: 5300
diamond-handed zealot
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January 05, 2022, 08:53:45 PM |
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OutOfMemory
Legendary

Activity: 2268
Merit: 5099
Man who stares at charts (and stars, too...)
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January 05, 2022, 08:54:27 PM |
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HODL, last hopium  . Don;t know why but It seems I cannot post images. up ya merits/rank to post pics. EDIT: Or get quoted every time 
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ChartBuddy
Legendary
Online
Activity: 2898
Merit: 2496
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 05, 2022, 09:01:36 PM |
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OutOfMemory
Legendary

Activity: 2268
Merit: 5099
Man who stares at charts (and stars, too...)
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Had to buy via broker at $44.100 (converted & rounded) because no more fiat at exchange. Now it's back to sit tight & assess- mode again  EDIT: /me Playing the (nanostrategy) Saylor game 
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JayJuanGee
Legendary
Online
Activity: 4438
Merit: 14402
Self-Custody is a right. Say no to "non-custodial"
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January 05, 2022, 09:18:22 PM Merited by OutOfMemory (1) |
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Good day. Just snapped some Sats at $45.600. Got some more decremental orders below, but maybe they'll never get filled.
I hope not. Yeah, me too, but these $45.5k-ish levels turned out to be a sweet buying zone. EDIT: Hit $45.600 and $45.580, after clearing a $45.500 order. Price can now moon again, thanks  EDIT2: Reason of this order was a tweet where the author said that $45.500 buywalls would be set up by whales just to be cleared when everybody thinks this is solid support. The author has a history of wrong calls, so i took the chance to set some money right there. Oh, that irony  At least some more sats on my wallet. But yeah... Still  I don't even dare mentioning that down-before-** mantra, if may turn against me  Yeah, they banned mining today :/ I forgot about that and should have waited for the real dip. maaaan  I am not going to proclaim that events in Kazakhstan are completely irrelevant, but this difficulty period seems to so far be hardly affected. ' In other words, are we trying to find significance in something that is likely NOT very significant.. at least, so far. Recall that our last difficulty adjustment occurred on 12/25, so the next one is tentatively anticipated for 1/7 (a bit more than 48 hours)..... I recall seeing an anticipated negative difficulty adjustment about several days into this difficulty period, and currently the anticipated difficulty adjustment is approaching 1% to the positive. So even if this period ends up flat or slightly negative, seems like a BIG SO WHAT... at least currently... or maybe it is too soon to determine? https://www.bitrawr.com/difficulty-estimator
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Biodom
Legendary

Activity: 4480
Merit: 6171
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January 05, 2022, 09:20:41 PM Merited by LFC_Bitcoin (1) |
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Some analysis..may happen and may not:
With Nasdaq up above 20% and S&P 500 up well above 20% as well, historical numbers suggest a continuation of about +10% for regular stonks for 2022.
Bitcoin should be ahead maybe 20-30% as it is more volatile. 46K plus 20-30% is 55-60K by the end of 2022.
However, during a year of fast economic growth and some tightening, there is often a Spring weakness to the extent of 10-15% in S&P 500.
Nasdaq is already doing something on the down side, S&P would likely follow.
Therefore, btc might also have an initial drop to 32-36K (if we break 42K). Reaching 42K is pretty much a given, sorry.
Stopping at 32-36K would establish a higher low from where we can launch to 55-60K toward the EOY.
TL;DR A skewed V for 2022 (with faster relatively small down then up, but not ATH).
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OutOfMemory
Legendary

Activity: 2268
Merit: 5099
Man who stares at charts (and stars, too...)
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January 05, 2022, 09:24:50 PM |
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Some analysis..may happen and may not:
With Nasdaq up above 20% and S&P 500 up well above 20% as well, historical numbers suggest a continuation of about +10% for regular stonks for 2022.
Bitcoin should be ahead maybe 20-30% as it is more volatile. 46K plus 20-30% is 55-60K by the end of 2022.
However, during a year of fast economic growth and some tightening, there is often a spring weakness to the extent of 10-15% in S&P 500.
Nasdaq is already doing something on the down side, S&P would likely follow.
Therefore, btc might also have an initial drop to 32-36K (if we break 42K). Reaching 42K is pretty much a given, sorry.
Stopping at 32-36K would establish a higher low from where we can launch to 55-60K toward the EOY.
TL;DR A skewed V for 2022 (with faster relatively small down then up, but not ATH).
Yes, i also see $42k as kind of given, but not so early. It should be a long, bearish grind down, i expect a month or two. By then it's still a healthy correction, despite we had $69k recently. I'm fueling up to set buys at these levels, since $44k was checked by today. As always, HODLing in i-dont-care-mode 
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