We are past the 23.6% fib, next up 38.2% at 46K.
It is the most logical short term target.
After 46K, 54-55K would be in play, unless you consider 50% (at 50.5K) probable.
50% is actually between two fibs, but it often works.
Yes.. you are largely arguing that we are in a bear market.. the bottom is not in.. and your thesis of the between $30k and $60k for a year... not too likely, but hey good to know that you are continuing to believe... even though I believe the odds are against your theory.
In no way i am saying that we would stop there, albeit I still think that we would not go above ATH in 2022 (most likely would peter out below) but who knows.
If we do (go over 69K) and then correct sharply again, this would be the MOST weird cycle ever.
So? You are saying if we get above $55k then it is likely that $69k would be challenged, and not very likely ONLY $69k because we would likely shooting way above $69k, otherwise we would be in a weird spot.
It's not really clear what you are saying.. because you seem to be trying to play both sides of the fence.
You are not taking back your overall thesis that we are stuck between $30k and $60k for the rest of 2022, are you?
I am not sure how much I want to get into details of UP, yet... but my UP thesis has not really changed too much.., but I am still thinking that just our little push up 35% from the $32,951 bottom does give some decent confidence that the bottom might be in, but I am likely not going to feel too confident until getting above something like $46k for a couple of days or maybe some other variation of that....
Now.. between $46k and $62k.. is quite a bit of ground to cover, and surely I would not presume it to be impossible to cover quickly.. but it could be a price arena to get caught in for a while (several months, perhaps?.l.. not sure if we have that much time and/or willingness to battle?) even though I would speculate that getting above $62k likely will cause the current ATH of $69k to get obliterated and likely reaching of $92k-ish before potentially running into resistance again.. so surely if the BTC price corrects significantly and substantially before getting above $92k.. that might be a bit of a strangeness but probably would not rule out the continuation of the bull market through significant parts of 2022 absent just some potential correcting in order to allow for buy support to catch up to whatever would then be the BTC spot price and potentially could allow for more coiling in order to get above that $200k that you had put to be at less than 1% odds of happening in 2022... just saying.. just saying...
just broke into a sbc from my old jag and found striations on the first main bearing I pulled.
Shit.
And what does that have to do with the price of tea in China?
Poll
