Up up and away. Did you catch the bottom? Was it obvious yet? Where are we going from here?
I think this rally is going to take us over $30K before it stops. Perhaps a few months of up only. Why am I so bullish? Simple. The market never should have dropped this low. It only did because of all the scammers like Barry and Sam that suppressed this market. The rubber is hitting the road though. Don’t be left behind.
You make several good points here, and surely getting back above the 200-week moving average would surely be a good start, and the 200-week moving average
is now close to $24,500. but still trending upwards ever so slightly. and we should not have been so far below the 200-week moving average for so long.. which had gotten as low as 35% below the 200-week moving average.. .. but yeah, seemingly some pretty extreme issues in the fucking around with bitcoin space.. even though I am not sure if Barry and Sam is in the same camp of criminal.. because on the surface, at least Barry seems to have had been appearing to run a legitimate operation.... and there are some other BIG ass cascade of scamming entities and persons starting out with the Luna/Terra Do Kwon bullshit, which seemed to have had started the cascading fall of degenerate gamblers including but not limited to a bunch of them, and some of them in a greater degree of rug-pulledness in which there might be question about whether clients will be getting their money back or not.. or questions about whether assets are there or recoverable or not.
Some of the criminals are still on the run, no? We got 3AC with those two guys on the run, and we got Celsius and that guy still free, Voyager and Blockfi, Genesis and golly gee Gemini.. all with various degrees of who is culpable.. we cannot even say that the fall out is done.
Maybe I am not going to start to feel confident that the bottom is in until we get somewhere above the 200-week moving average, and perhaps I would not be so conservative to require the 100-week moving average which
is now at a bit above $37.5k. but starting to trend downward.
It would be nice to get up to $30k in this run.. I am just not sure if I would be able to be that confident.. even if we might give it a few months to play out, like the 2019 price rise that had gone for three months with a 3.5x from $4,200 to $13,880.. but then those were different times, and you are not even expecting as much.. you are ONLY expecting about a 2x out of this run, so you are not exactly being outrageous when you target $30k... but still.. you might be experiencing some possible irrational exuberance with that number.. based on our ONLY having in the best way of framing it a $1k 8-hour price burst... I am trying to remember some of the great UPpity short term price runs of the past, and I remember a 12-hour period in late 2019.... something like October 25th coming to memory.... wasn't it that took us from about $7.4k to $10k.. something like that... (
this chart/site is able to show it). But those were different times too, and it is not as if king daddy does not have any kind of outrageous price run within it's current capabilities.. especially when having had experienced a considerable amount of recent over suppression.. if that might be a fair way of characterizing some of our recent price traumas..
Hard to say, for sure..
holy crap
my short isnt looking so good
There is no chance this holds.
so i should double down then.
good plan
A little less cocky about the guaranteed "down before up," no? We've heard that "down before up" one a million-ish times in these parts, and it is guaranteed, until it is not... which can be an issue... and sometimes contributes towards everlasting psychological damage to those who continue to tell us that it is going back down.. Jonoiv is not the only cocky-ass disappeared member with that issue. I think that he is still waiting for sub-$2k because he was too greedy and too smart to buy back in when the price went to sub $4k in March 2020.
that will never happen to me.
i did double down btw
I suppose since you are in a kind of denial stage, I am not sure if I should maybe recategorize you into a play silly games win silly prizes group, but many of us realize that the Martingale betting strategy is a losers game, so I am not sure if that's what variation you are suggesting.. Yours is seeming even more degenerate.. so maybe a Martingale degenerate versions? Or would there be a more fitting category for your funzies that might win and it might not?
Hey I could give you some benefit of the doubt, and suggest that it is all about bet size, so perhaps if you are merely playing around with a few thousand satoshis, then who really cares in the whole scheme of things in regards to the BIG game that you are playing that is largely not a generally applicable or repeatable winning strategy.. in udder words, sounds like a lozers game, even though u seem to be having lot's of funzies along the way.. and hopefully grandma keeps the cookies and milks rollin in because I would hate for uie-pooie to run out of nutritions.... if we dare to label what grandma brings, as such.. and hey teething can be tough too, right?
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