Maybe a short term bullish horizon?
how do you know?
We just had too many red weekly candles in a row? Is that what you mean?
I don't know my thumb from my big toe! It's the SOMA engine sputtering.
That seems to be part of the big dilemma d_eddie...
Do you allow the SOMA engine to remain dormant?
Do you need to start it up from time to time, just to put it through its paces?
Wouldn't want you to get too rusty, even though you seemed to have given up on your playing around with supplementing your BTC stash by shorting (or whatever it was that you were practicing a few years ago), and surely a bit more than the last 12-14 months, there may have been quite a few opportunities for such shorting plays - even though I surely have never gone down that road to bet on down.. but largely attempt to mostly open and close longs - in the way that I accumulate BTC, attempt to maintain my stash, provide insurance for the possibility of downity or whatever it might be called that I have been doing in the past year or so?
For sure, I can see in my taxes that at least in 2021, I did end up extracting some value from my BTC holdings.
I don't feel bad at all.. even though admittedly we seemed to have ended up in a place similar to 2017 in that we spent so many months after the BTC price peak speculating that the peak was not yet in, and perhaps even believing that "this time was going to be different" to be able to better be able to spot the top this time... and did we spot it or not? I am not going to proclaim to have dealt with either of our 2021 tops in any kind of great way - but it surely has not seemed to have hurt that the tops in 2021 still ended up being 3.25x to 3.5x higher in nominal terms than they were in 2017.,. and so far, the bottom has not been as outrageous.. not that we can even count on the bottom being "in" yet...
....so surely it could be possible that we might be testing the 200-week moving average which is damned close to approaching $22k - even though
Biodom had provided that link of Ben Cowen proclaiming that the 300-week moving average (which is at $16k-ish) would be some kind of a worse-case scenario in need of consideration.. and I surely have my doubts about any such 300-week moving average being very likely at all - even as a talking point.. because I personally recognize and appreciate that BTC's 200-week moving average has been tested several times in its history, and we have even had short spikes below the 200-week moving average, but the 200-week moving average still continues to serve as the base because so far in bitcoin's history, it really has not been getting pierced in any kind of substantial and meaningful way.. and even if the bearwhales have so many DOWNity manipulation tools at their disposal, the overall macro-circumstances are not really suggesting that it would be in their interest to play those DOWNity manipulation tools too heavily and end up getting more reckt by bitcoin than they otherwise would be by playing more moderate BTC manipulation tools.
It's the cleanest, most ethically sound money I've ever made.
Satoshi???
I had a feeling that it was you.
that's what you get for your Freudian slip.
Poll
