dragonvslinux
Legendary
Offline
Activity: 1666
Merit: 2204
Crypto Swap Exchange
|
Seems to be some support around $21,500. We had the Kraken staking FUD & have held strong. I managed to pick up a few in this range. Let’s hope there’s a line drawn now & the bottom is confirmed. The only thing that can take us lower is confirmed recession. The more time that passes the more likely that the bottom is indeed in.
I think this is the positive to take even if we dipped a little this week we can see that the belief is there and with the Kraken and Localbitcoins news btc did not drop a big amount. I think this sets us up nicely for the year and we could try to push the recovery up further. I do not know if we are ready to do that because the recession and war is still going on but it looks like we have the confidence there to establish a bull run we just need some positive news that can give the bulls a push and hope that no negative news happens in the next few weeks. I see a last push to $21K level, in order to turn previous consolidation into support as previously anticipated. Price has so far failed to maintain the immediate momentum of the 200 MA on the 4hr and otherwise price looks to be in the middle of local support and resistance. The week closed at -5% it's likely bears will try push prices lower back towards $20K rather than flipping bullish quite yet. But unlike previous local top rejections we haven't seen an immediate -10-20% reaction candle to the downside on higher time-frame, instead only -3% and -5% so far. It does suggest bulls are continuing to accumulate at current prices. Daily RSI is at 45 so still a bit more room to re-test bearish level at 40 while 50 DMA is at $20.5K and rising fast. Would also create some nice bullish divergence on 4hr. Ideally a push to $21K support levels early in the week followed by reclaiming weekly open around $21.8K. That'd create a nice bullish wick (and bear trap) to the downside on higher time-frame. Seems to be the only thing missing from this uptrend so far.
|
|
|
|
|
|
|
|
Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
ChartBuddy
Legendary
Online
Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
February 13, 2023, 11:01:22 AM |
|
|
|
|
|
BitcoinBunny
Legendary
Offline
Activity: 1442
Merit: 2478
|
|
February 13, 2023, 11:06:48 AM |
|
Imagine your own politicians hating the citizens so much that they want you to suffer high inflation. Astonishing. Lula’s attacks on Brazil central bank alarm investorshttps://www.ft.com/content/011951a9-9db2-4834-87d9-f97df82b38c5An inflation rate of 4.5 per cent in Brazil, of 4 per cent, is a good thing if the economy is growing,
|
|
|
|
BitcoinBunny
Legendary
Offline
Activity: 1442
Merit: 2478
|
Happy Early Valentine's Day.
|
|
|
|
ChartBuddy
Legendary
Online
Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
February 13, 2023, 12:01:31 PM |
|
|
|
|
|
ChartBuddy
Legendary
Online
Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
February 13, 2023, 01:01:23 PM |
|
|
|
|
|
ChartBuddy
Legendary
Online
Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
February 13, 2023, 02:01:23 PM |
|
|
|
|
|
PrivacyG
|
|
February 13, 2023, 02:01:56 PM |
|
everything under 30k is a complete joke
But also a good time to buy I mean I do not hate it at all, I get more money to spend on Bitcoin the longer Bitcoin price is paused at this level. - Regards, PrivacyG
|
|
|
|
ChartBuddy
Legendary
Online
Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
February 13, 2023, 03:01:21 PM |
|
|
|
|
|
BitcoinBunny
Legendary
Offline
Activity: 1442
Merit: 2478
|
|
February 13, 2023, 03:02:59 PM |
|
|
|
|
|
ChartBuddy
Legendary
Online
Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
February 13, 2023, 04:01:19 PM |
|
|
|
|
|
Greyhats
Member
Offline
Activity: 161
Merit: 98
|
Jan sucked for me, first in about 10 years I had to pause all saving and investing, even my dca here. I didn’t have to sell but was barely able to keep my head above water. I feel like I need to let WO know I fell off the buying wagon however back in the game for Feb. Good luck all, and reminder rl takes priority
|
|
|
|
ChartBuddy
Legendary
Online
Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
February 13, 2023, 05:01:17 PM |
|
|
|
|
|
bitcoinPsycho
Legendary
Offline
Activity: 2464
Merit: 2066
$120000 in 2024 Confirmed
|
everything under 30k is a complete joke OPPORTUNITY
fixed
|
|
|
|
JayJuanGee
Legendary
Offline
Activity: 3696
Merit: 10148
Self-Custody is a right. Say no to"Non-custodial"
|
|
February 13, 2023, 05:23:53 PM Last edit: February 13, 2023, 05:36:43 PM by JayJuanGee Merited by Hueristic (1), Paashaas (1), AlcoHoDL (1) |
|
Would love to see $10m per coin but $1m at the end of this decade is also fine with me. Imagine those huge awe inspiring daily/weekly mega pumps..i believe it will happen one day and it will break the internet especially WO, that's for sure. lol. https://twitter.com/adam3us/status/1624844122363244544I have never really liked the 2x per year claims because it just does not seem accurate or even representative in regards to how the portfolios of many longer term bitcoiners seems to play out... and we also know that it is much easier to 2x a small number as compared to a larger number... .. so even if it is possible that bitcoin continues to have decently high rates of returns that approach 2x per year, it just seems healthier not to be projecting out or expecting those kinds of numbers - even though one of the rationals for using such a straight-line trajectory does come from our ongoing low level of adoption and how long it has been taking to even get above 1% adoption... so that would be a rationale that justifies more bullish trajectories of future bitcoin prices. I am not completely innocent in my own trajectories, and even within weeks of my posting my December 28, 2021 FU status trajectory chart that was using about a 75% per year price trajectory (37.5% per half year), I was feeling guilty regarding my use of a straight line trajectory that is so bullish and I was considering that it may be better to start out with higher numbers (percentages) earlier in bitcoin's history and then to tapper off such numbers with the passage of time, so I had been considering if there might be ways that I could include a formula (or to re-jigger my charts) in order to include a kind of tapering formula (rather than a straight-line formula). It's not even like I am against upside scenarios that break more bullish than expectations because I did my own attempt at a break-out number and my own December 16, 2021 attempt at a break out timeline that did end up giving something like 0.5% for $1.5 million or greater which was largely meant for the last cycle that would have already topped, if we had not started going down instead (starting to really show its DOWNity self as irreversible around May 2022) So $10 million per BTC in two more cycles seems more than reasonable... yet the extent to which it might be sustainable might be another story... even though my trajectory for fuck you status does show a $1 million as our bottom price by 2030.. which might still consider that the trajectory needs to be tappered off. including accounting for the last 8 months or so in which the projected bottom price has been breached to the downside.. and not even breached in small ways.. but sustainable and and substantial ways.. 8 months and counting and even getting down to more than 35% below the bottom price.. which just seems ridiculous to even be considering the 200 week moving average as a bottom price if it can be so sustainably breached for such a long time.. and such breach is not even over yet. .. we gotta get to nearly $25k, just to get back to our current 200-week moving average.. .. so the slope of the 200-week moving average has been flattening out considerably in the past 8 months or so, even though it has not started to go negative yet.. gosh.. is it going to start to go negative at some point?.. perhaps? perhaps? ****Am I gonna cry?
You might be asking: "why would you do that you pussy?" and the thing is that the slope of the 200-week moving average is just flattening out so much in recent times.. and in some sense it is a BIG whatever, but in another sense the recent flattening of the 200-week moving average is a potential sign that maybe some other indicator might be better used as our projected BTC price bottom, to the extent that any bottom can reasonably be trajectored out.everything under 30k is a complete joke
Doesn't feel like a joke to me. We've been under the 200-week moving average for more than 8 months now - not continuous, but almost continuous - and even sinking 35%-ish below it - even though right now we are "only" bouncing around 14% below it.
|
|
|
|
Volgastallion
Sr. Member
Offline
Activity: 462
Merit: 263
CONTEST ORGANIZER
|
|
February 13, 2023, 05:35:22 PM |
|
i think there may be outside influences that can help to multiplier the number of users, and this can be if the CBDC comes all the people can be familiar to the "blockchain money" and having a wallet etc, also all the old people who died its surely not an user of BTC, but most of the young yes, so we are up.
So if you already have some cryptocurrencies, in someway you always ended having some BTC i think.
But i don really like to put numbers or approximations because you know its really tricky to do.
|
|
|
|
ChartBuddy
Legendary
Online
Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
February 13, 2023, 06:01:21 PM |
|
|
|
|
|
_Hiloveua_
|
|
February 13, 2023, 06:51:24 PM |
|
Hold Hold Hold Hold Hold Hold # Madoff love BTCtc
|
|
|
|
goldkingcoiner
Legendary
Offline
Activity: 2030
Merit: 1643
Verified Bitcoin Hodler
|
|
February 13, 2023, 06:56:39 PM |
|
Its true, an alien tried to scam me out of my coin. But I reported him to the alien police.
|
|
|
|
ChartBuddy
Legendary
Online
Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
February 13, 2023, 07:01:17 PM |
|
|
|
|
|
|