OutOfMemory
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Man who stares at charts (and stars, too...)
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May 01, 2022, 04:38:59 PM Last edit: May 01, 2022, 05:03:13 PM by OutOfMemory Merited by JayJuanGee (1), AlcoHoDL (1) |
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~snip~
Oh JJG... you and your long-ass responses. I don't really think I can address your all points, but I'll just let you know why I was pointing out 5 consecutive red weeks. It clearly shows that BTC is overdue for a relief rally at this point of the bear market (and it probably doesn't have anything to do with many of the people in this thread as y'all are actually in this thing for long-term). Moreover, pretty much the same goes for US100, SPX, etc. We know what happened after the end of the last Fed meeting (everything pumped), and there is a good chance that same happens again on Tuesday/Wednesday after they raise rates by 50 bps. And yeah, I still don't hold any BTC. I'm waiting for 200 WMA touch. P.S. I wish I could've just replied this meme, but it didn't look very appropriate for an old fren lmao Also, be aware of the low overall posting frequency here on WO, which often precedes bullish periods. We might need another mindrust-event in a flash crash to $30k regions to confidently confirm the bottom, though. Anyone sold the last dip?
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ChartBuddy
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May 01, 2022, 05:04:55 PM |
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Arriemoller
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May 01, 2022, 05:38:42 PM |
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Not me. In other news. Russia has lost 23,500 troops 1,026 tanks 2,471 armored personnel carriers 1,796 vehicles and fuel tanks 451 artillery systems 151 multiple launch rocket systems 80 anti-aircraft defense systems 155 helicopters 192 aircraft And eight boats. Note that Russia now have lost more than 1000 tanks, that's a lot, really a lot. A new flag have emereged, a white blue white flag used by the Russian war and Putin opposition. A unit of Russians, called "The Freedom of Russia Legion", opposing Putin and his war are fighting in Ukraine against russia under this flag. https://en.wikipedia.org/wiki/White-blue-white_flaghttps://twitter.com/visegrad24/status/1520472404987990018?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1520486214574370816%7Ctwgr%5E%7Ctwcon%5Es2_&ref_url=Ukraine have stopped a Russian attempt to start a riot in Odessa on may 2, and they have uncovered a plot to get Transnistria to join Russia in the war against Ukraine, also starting on may 2. Sweden and NATO keeping an eye on things. https://twitter.com/Orion__int/status/1520092951401361408/photo/1British MP:s not on the Russian sanctions list are writing a letter complaining about it to Russia. https://twitter.com/EuromaidanPress/status/1519792829282799617A good piece from Time about the two first weeks of war. https://time.com/6171277/volodymyr-zelensky-interview-ukraine-war/?utm_source=twitterCelebrating the lend lease deal. https://twitter.com/i/status/1519928005535088640A little girl sees her daddy for the first time since the war started. https://twitter.com/i/status/1519319822126956544
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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May 01, 2022, 05:47:00 PM Last edit: May 02, 2022, 04:59:34 AM by JayJuanGee Merited by OutOfMemory (1) |
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[edited out]
Oh JJG... you and your long-ass responses. I don't really think I can address your all points, but I'll just let you know why I was pointing out 5 consecutive red weeks.** It clearly shows that BTC is overdue for a relief rally at this point of the bear market (and it probably doesn't have anything to do with many of the people in this thread as y'all are actually in this thing for long-term). Moreover, pretty much the same goes for US100, SPX, etc. We know what happened after the end of the last Fed meeting (everything pumped), and there is a good chance that same happens again on Tuesday/Wednesday after they raise rates by 50 bps. And yeah, I still don't hold any BTC. I'm waiting for 200 WMA touch. P.S. I wish I could've just replied this meme, but it didn't look very appropriate for an old fren lmao Well, at least you provided a bit of a basic explanation that helps me to at least appreciate that you are not necessarily considering 5 red candles as short-term bearish, which was my first impression of what I was speculating your vague Socratic method wannabe puzzle-piece to have been implying. Many of us longer term bitcoiners are going to appreciate that overall BTC is not very correlated to the macro-markets in part due to it still being in an early adoption phase, but still short to medium term there can end up being a quite a bit of short-term correlation - that may well not even end up playing out in exact ways as in the past - but also you seem to be implying that the Fed and other powers that be have a bit more control over the market situation than they likely do.. and I am not even suggesting that they might not be able to keep the whole precarious shitty fiat balls in the air for many more years (even 10 or more) - even though it has been playing out quite weirdly in recent times with all the other non-dollar fiats seeming to fail.. and the dollar less badly - so the dollar ends up continuing to serve as the least of the worst and thereby also able to continue to have value gravitate into it from the other failing fiats and thereby eek benefits out of such reliance that others have on some kind of a default (least bad of the bad) systems. Surely, it is nice that bitcoin is still building as a parallel system that is going to continue to gravitate value into it.. and it does seem quite weird that anyone who actually has some clues about bitcoin (which you seem to do) really believes that maintaining anything even close to zero in bitcoin is actually prudent. For sure, in recent times, I have been suggesting an entry-level of 1-25% allocation into bitcoin, but of course there is some devil in the details of how to get there and also where you should feel yourself to be within that range. Another angle is the extent to which you might well be reallocating from time to time based on fluctuations in the market that might take yourself out of the zone. Personally, I would think that any "good ole buddy" dweeb (or would it be adorable dweeb?) like ur lil selfie who at least knows about bitcoin would end up at least maintaining some minimum level of BTC holdings even if you are skeptical overall about the asset (or short to medium term cycles) - you are at least seemingly sufficiently informed about a variety of bitcoin basics in enough of a way to at least minimally engage on the topic in a thread like this. So, perhaps you are failing less in terms of your attempting to act upon your bitcoin awareness, but you cannot get out of your seemingly flawed tactic of fucking around with all or nothing plays rather than a kind of longer term incrementalism.. So surely overall, I have to question your judgement, including your suggestion that you are failing refusing to read my posts - which may well be another part of your problem in terms of ongoing inabilities and unwillingness to engage with certain angles of information that likely are for your own good.. and not even suggesting that I am not fallible in a variety of presentation and/or substantive ways. Hey, I better stop because if I keep listing what appears to be your many various problems (and faults as identified by me), I might end up having to publish a multi-volume treatise piece on the considerably lengthy topic at a later date.. and we wouldn't want that, right? **Edit: As I type this post/edit I notice that we have ONLY about 6 more hours (midnight - 00:00 hours UTC) for this weekly candle to close (which would be the 5th one in a row if it ends up being red), so surely there is a quite a BIG distance to get it into the green territory .. it has to get above $39,496... so jeez. .more than $1,200 at the time of my typing.. so presuming it to end up red might be the greater odds, at the moment.
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ChartBuddy
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May 01, 2022, 06:03:35 PM |
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Biodom
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Prediction: Stocks are about to undergo a sharp 30-45 day bounce up to maybe breakeven for the year in SP500. I might even buy some calls next week. Bitcoin should go to 49-50K.
However, after this bounce, stocks would fall apart and bottom probably in the fall of 2023 at 2400 (plus minus 10%) S&P500. Basically, a long bear market in stocks a la 2000-2002. No prediction of btc price then as bitcoin may uncouple or not. My hope is for uncoupling.
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ChartBuddy
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May 01, 2022, 07:01:22 PM |
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JayJuanGee
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May 01, 2022, 07:46:17 PM |
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... bitcoin may uncouple or not. My hope is for uncoupling.
I hope that your hopening makes a difference, especially since you seem to be hoping what is actually factually correct regarding the actual fact that bitcoin is not coupled to the stock market - even if it might appear to be couplened in the short-to-medium term. In that regard, it remains merely a matter of when, not if, your own hopening ends up correctly playing out in line with the factual state that already is in existence (deep on the inside). By the way, further development appears to have our last few hours of the weekly candle moving in the wwwwwwrrrrrrrrrrrooooooooonnnnnnnnnngggggggggg direction.
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Hamza2424
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May 01, 2022, 07:56:47 PM Merited by JayJuanGee (1) |
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Prediction: Stocks are about to undergo a sharp 30-45 day bounce up to maybe breakeven for the year in SP500. I might even buy some calls next week. Bitcoin should go to 49-50K.
However, after this bounce, stocks would fall apart and bottom probably in the fall of 2023 at 2400 (plus minus 10%) S&P500. Basically, a long bear market in stocks a la 2000-2002. No prediction of btc price then as bitcoin may uncouple or not. My hope is for uncoupling.
Well sir i am sad after the Monthly Closing under 20 MA now similar to that first it was a big support level then now it is a major Resistance level i am not expecting much from First week of MAY but from the 2nd week may be there will be a good Bounce back. Trend source: https://www.tradingview.com/chart/BTCUSDT/WQ9K6PSj-BTCUSDT-another-bullish-pattern/I am considering the majour support level is 37500 and then 35000 These two level are most important for the boince back. Historical April month in year 2022 April show heavy Red run before that April was considered as the moatly Bullish month for the BTC but this time it was reversed. Lets see what happens in May.
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ChartBuddy
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May 01, 2022, 08:01:21 PM |
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goldkingcoiner
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May 01, 2022, 08:20:56 PM Last edit: May 01, 2022, 08:37:33 PM by goldkingcoiner Merited by El duderino_ (7), Hueristic (1) |
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Not me. In other news. Russia has lost 23,500 troops 1,026 tanks 2,471 armored personnel carriers 1,796 vehicles and fuel tanks 451 artillery systems 151 multiple launch rocket systems 80 anti-aircraft defense systems 155 helicopters 192 aircraft And eight boats. Note that Russia now have lost more than 1000 tanks, that's a lot, really a lot. A new flag have emereged, a white blue white flag used by the Russian war and Putin opposition. A unit of Russians, called "The Freedom of Russia Legion", opposing Putin and his war are fighting in Ukraine against russia under this flag. https://en.wikipedia.org/wiki/White-blue-white_flaghttps://twitter.com/visegrad24/status/1520472404987990018?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1520486214574370816%7Ctwgr%5E%7Ctwcon%5Es2_&ref_url=Ukraine have stopped a Russian attempt to start a riot in Odessa on may 2, and they have uncovered a plot to get Transnistria to join Russia in the war against Ukraine, also starting on may 2. Sweden and NATO keeping an eye on things. https://twitter.com/Orion__int/status/1520092951401361408/photo/1British MP:s not on the Russian sanctions list are writing a letter complaining about it to Russia. https://twitter.com/EuromaidanPress/status/1519792829282799617A good piece from Time about the two first weeks of war. https://time.com/6171277/volodymyr-zelensky-interview-ukraine-war/?utm_source=twitterCelebrating the lend lease deal. https://twitter.com/i/status/1519928005535088640A little girl sees her daddy for the first time since the war started. https://twitter.com/i/status/1519319822126956544At the times of Alexander III of Russia the official interpretation of the Russian flag was as follows: the white color symbolizes nobility and frankness, the blue for faithfulness, honesty, impeccability, and chastity, and the red for courage, generosity, and love. Oh man. Today's Russian flag should be all black. Perhaps with a skull and bones. Although I do like seeing the opposition of true Russians, fighting against what their ancestors fought against; fascism....Although Stalin killed more Russians than the entire war itself did. Thats something that Russians need to remember. Go FRL!
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El duderino_
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BTC + Crossfit, living life.
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May 01, 2022, 08:52:06 PM |
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Prediction: Stocks are about to undergo a sharp 30-45 day bounce up to maybe breakeven for the year in SP500. I might even buy some calls next week. Bitcoin should go to 49-50K.
However, after this bounce, stocks would fall apart and bottom probably in the fall of 2023 at 2400 (plus minus 10%) S&P500. Basically, a long bear market in stocks a la 2000-2002. No prediction of btc price then as bitcoin may uncouple or not. My hope is for uncoupling.
https://cryptobenelux.com/2022/05/01/analist-bullish-reversal-voor-bitcoin-zeer-waarschijnlij/
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ChartBuddy
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May 01, 2022, 09:03:33 PM |
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Arriemoller
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Cлaвa Укpaїнi!
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May 01, 2022, 09:13:58 PM |
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Not me. In other news. Russia has lost 23,500 troops 1,026 tanks 2,471 armored personnel carriers 1,796 vehicles and fuel tanks 451 artillery systems 151 multiple launch rocket systems 80 anti-aircraft defense systems 155 helicopters 192 aircraft And eight boats. Note that Russia now have lost more than 1000 tanks, that's a lot, really a lot. A new flag have emereged, a white blue white flag used by the Russian war and Putin opposition. A unit of Russians, called "The Freedom of Russia Legion", opposing Putin and his war are fighting in Ukraine against russia under this flag. https://en.wikipedia.org/wiki/White-blue-white_flaghttps://twitter.com/visegrad24/status/1520472404987990018?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1520486214574370816%7Ctwgr%5E%7Ctwcon%5Es2_&ref_url=Ukraine have stopped a Russian attempt to start a riot in Odessa on may 2, and they have uncovered a plot to get Transnistria to join Russia in the war against Ukraine, also starting on may 2. Sweden and NATO keeping an eye on things. https://twitter.com/Orion__int/status/1520092951401361408/photo/1British MP:s not on the Russian sanctions list are writing a letter complaining about it to Russia. https://twitter.com/EuromaidanPress/status/1519792829282799617A good piece from Time about the two first weeks of war. https://time.com/6171277/volodymyr-zelensky-interview-ukraine-war/?utm_source=twitterCelebrating the lend lease deal. https://twitter.com/i/status/1519928005535088640A little girl sees her daddy for the first time since the war started. https://twitter.com/i/status/1519319822126956544At the times of Alexander III of Russia the official interpretation of the Russian flag was as follows: the white color symbolizes nobility and frankness, the blue for faithfulness, honesty, impeccability, and chastity, and the red for courage, generosity, and love. Oh man. Today's Russian flag should be all black. Perhaps with a skull and bones. Although I do like seeing the opposition of true Russians, fighting against what their ancestors fought against; fascism....Although Stalin killed more Russians than the entire war itself did. Thats something that Russians need to remember. Go FRL!The FRL is interesting, apparently they have recruitment cells all over Russia, and the interest is strong. This could be the beginning of a revolution or civil war in Russia when the Ukranian war is over. And there is no doubt anymore that Ukraine will win, the Russians have crossed too many red lines. The free world will not let this agression stand man. https://twitter.com/lasois4/status/1520853393962520576
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Hueristic
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Doomed to see the future and unable to prevent it
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The FRL is interesting, apparently they have recruitment cells all over Russia, and the interest is strong. This could be the beginning of a revolution or civil war in Russia when the Ukranian war is over. And there is no doubt anymore that Ukraine will win, the Russians have crossed too many red lines. The free world will not let this agression stand man. https://twitter.com/lasois4/status/1520853393962520576
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danadc
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May 01, 2022, 09:28:01 PM |
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Of all the articles that expect the BTC to fall and have up to $35k, I like the point of view and analysis that do Willie Woo: “Bitcoin price is sideways because Wall St is selling futures contract in a macro risk-off trade. Meanwhile, institutional money is scooping spot BTC at peak rates and moving to cold storage.
It’s times like these I remember the Q4 2020 supply shock squeeze.” Source: https://dailyhodl.com/2022/05/01/bitcoin-btc-witnessing-unprecedented-spot-buying-despite-sideways-trading-on-chain-analyst-willy-woo/Woo's thought is very good, I like how his analysis puts in context and I think he has a lot of adaptability to current events.
After Warren Buffet's statements about the BTC, I don't know what to think about him, because I know he is a very intelligent person, but he lacks a lot to accept the current, and that includes BTC's economic technology. I prefer to keep their advice and recommendations but all applied to BTC.
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ChartBuddy
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May 01, 2022, 10:01:22 PM |
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sirazimuth
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May 01, 2022, 10:14:32 PM |
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Buddy, you have been disappointing me lately. You have caused my posting activity to be severely suppressed. (that might be a good thing) I mean I still post actively to my personal thread with reckless abandon. It's just that these days, they don't make the overnight cut to be published in the wob when I sober up...
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Hamza2424
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May 01, 2022, 10:28:35 PM |
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Buddy, you have been disappointing me lately. You have caused my posting activity to be severely suppressed. (that might be a good thing) I mean I still post actively to my personal thread with reckless abandon. It's just that these days, they don't make the overnight cut to be published in the wob when I sober up... Is it electronic signature i mean digital one or an image taken after making sign.
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