ChartBuddy
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Activity: 2156
Merit: 1759
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 20, 2023, 08:01:18 PM |
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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vroom
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Activity: 1302
Merit: 1681
a Cray can run an endless loop in under 4 hours
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bitcoinPsycho
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Activity: 2464
Merit: 2066
$120000 in 2024 Confirmed
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January 20, 2023, 08:08:48 PM |
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UP IT TEE
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jojo69
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Activity: 3150
Merit: 4309
diamond-handed zealot
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Copetech
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January 20, 2023, 08:22:29 PM |
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Are we Bulls again?
Short-term I'm not convinced this bounce will create a new high. Closing the day above $21.3K could change my mind though, as this would be above the previous highest close of November. Likewise closing the week above $20.9K would also achieve this same affect as this was previous highest weekly close. At least now after some consolidation there's room for the Daily RSI to return to 90 in the $22K-$23K range it seems. For the immediate term I'm back to being neutral while price consolidates between $20.5K and $21.5K. I think that's the sensible/conservative approach for the moment. Still only looking for a(nother) short-term short position though while price remains overbought, but clearly not while price is moving back to the upside. Correction to around $19.5K before further upside would be healthiest scenario imo. So... I'm guessing converting $22k resistance into support and closing around $22.3k would also be an "optimistic" sign in your view? |
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shahzadafzal
Copper Member
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Activity: 1526
Merit: 2890
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January 20, 2023, 08:40:52 PM |
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$22k done.
What’s next?
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vroom
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Activity: 1302
Merit: 1681
a Cray can run an endless loop in under 4 hours
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dragonvslinux
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Activity: 1666
Merit: 2204
Crypto Swap Exchange
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January 20, 2023, 08:50:15 PM |
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Are we Bulls again?
Short-term I'm not convinced this bounce will create a new high. Closing the day above $21.3K could change my mind though, as this would be above the previous highest close of November. Likewise closing the week above $20.9K would also achieve this same affect as this was previous highest weekly close. At least now after some consolidation there's room for the Daily RSI to return to 90 in the $22K-$23K range it seems. For the immediate term I'm back to being neutral while price consolidates between $20.5K and $21.5K. I think that's the sensible/conservative approach for the moment. Still only looking for a(nother) short-term short position though while price remains overbought, but clearly not while price is moving back to the upside. Correction to around $19.5K before further upside would be healthiest scenario imo. So... I'm guessing converting $22k resistance into support and closing around $22.3k would also be an "optimistic" sign in your view? Personally I don't see $22K as resistance, maybe more like $22.8K which was the September high, but not convinced that would hold back price either. I only really see 90 RSI as "temporary" resistance level for overbought levels for now, but currently we're at 85 so have further to go than expected. Everything above $21.5K looks bullish to me for now, as this would create new high closes on Daily/Weekly time-frames. |
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LFC_Bitcoin
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Activity: 3514
Merit: 9525
#1 VIP Crypto Casino
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sirazimuth
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Activity: 3346
Merit: 3485
born once atheist
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January 20, 2023, 08:57:46 PM |
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$22k done.
What’s next?
$23k? ..... Well for me personally, empty the dishwasher and scoop out the cat shitter box...oh joy. |
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ChartBuddy
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Activity: 2156
Merit: 1759
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 20, 2023, 09:01:21 PM |
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shahzadafzal
Copper Member
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Activity: 1526
Merit: 2890
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January 20, 2023, 09:17:42 PM Merited by sirazimuth (1) |
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$22k done.
What’s next?
$23k? ..... Well for me personally, empty the dishwasher and scoop out the cat shitter box...oh joy. Oh boy so I’m not alone… kill me…!!! But how long have we waited for this? Since August 2022 almost 154 days? |
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sirazimuth
Legendary
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Activity: 3346
Merit: 3485
born once atheist
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shahzadafzal
Copper Member
Legendary
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Activity: 1526
Merit: 2890
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January 20, 2023, 09:32:18 PM |
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Yeah right my guess is we do 22,222.22 before we hit your number.
Are you satisfied philipma1957? |
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philipma1957
Legendary
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Activity: 4102
Merit: 7821
'The right to privacy matters'
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January 20, 2023, 09:35:41 PM |
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Yeah right my guess is we do 22,222.22 before we hit your number.
Are you satisfied philipma1957? 22,222 is not as satisfying as the mofo that just hit the block with 10th  |
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sirazimuth
Legendary
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Activity: 3346
Merit: 3485
born once atheist
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January 20, 2023, 09:42:20 PM
Last edit: January 23, 2023, 01:07:28 AM by sirazimuth Merited by JayJuanGee (1) |
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Even back in the day I wasn't foolish enough to solo mine bitcoin. (I did solo mine and hit several blocks, albeit, obviously it wasn't bitcoin. Enough said, or I get a batslap) One might as well buy a Powerball lottery ticket every 10 minutes, same difference. Though ateotd, I suppose it all depends on how many tickets one buys or how much hash power one has. Regardless, well done to the solo miner, you lucky bastard..... Now be smart and switch to a pool. Yo Buddy...keep it coming.... GO BITCOIN  |
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ChartBuddy
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Activity: 2156
Merit: 1759
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 20, 2023, 10:01:17 PM |
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philipma1957
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Activity: 4102
Merit: 7821
'The right to privacy matters'
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January 20, 2023, 10:18:32 PM |
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well we got by 22222.22
next stop by monday maybe 25252.52
while I wanted to slide sideways under 20k longer than it has my dca my buy the dip and my buy more gear moves all look okay for now.
oh sold two gpus in two days. looking to sell a dozen so ten to go..
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JimboToronto
Legendary
 Online
Activity: 3990
Merit: 4461
You're never too old to think young.
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January 20, 2023, 10:31:05 PM
Last edit: January 20, 2023, 11:05:21 PM by JimboToronto Merited by JayJuanGee (1), AlcoHoDL (1), Gachapin (1) |
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How pleasant. I wake up from a nice air-conditioned siesta to see a lovely new AYH. How agreeable.
What did Warren Buffett say about making money while you're sleeping?
Yesterday's little hiatus was just a rest stop, a breather on the way, a chance to pause and see the scenery.
Let's hope the AYHs keep coming until they morph into ATHs.
Go Bitcoin go.
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