It looks to me like the current danger is still the head and shoulders pattern that would take the price down 30% to $20,000. Will it happen? I wouldn't consider it more likely that a breakout upward, but we are still trapped in this consolidation range from $26K to $30K that we've been in for over 2 months now. Lately we have been pressing against the bottom of that range, and falling through likely would mean completing the head and shoulders pattern. So if you're a leveraged trader, I wouldn't get too far from that sell button. If we drop below $26K it could get ugly fast.
Just put in a 14,15,16,17,18,19,20,21,22,23 ladder and do not look for a month.
whether it is
10 x 100 = 1,000 usd buy
10 x 200 = 2,000 usd buy
or even a
10 x 1000 = 10,000 usd buy
you are good to go. And no worries.
My current active buy orders go down to about $12,500-ish (and currently are in approximately $500 increments on the way down - and seems that the next ones to fill would be in the ballpark of $25,500-ish since the $26k-ish ones filled on friday.. so about 2.5 days ago from the time of this post).
In the past several months, I had removed my outstanding BTC buy orders between $11k and $12.5k.. (for just convenience sake even though those lower buy orders had existed at least since somewhere in the late October 2022 timeframe.. I cannot recall exactly when it was that I had placed those BTC buy orders down to $11k-ish..including my recollection that I had then plans that it might have been necessary to continue to add more BTC buy orders at lower price points in the event that the BTC price might have had continued to go to lower numbers in around that time in which the BTC price was within reach of that range.. and surely seeming to be less necessary to maintain after the BTC price went up quite a bit after late 2022-ish around christmas time.. and surely by the time the first or second week of January came, dee prices of dee cornz became more and more apparent to be ON a mostly UPpity trajectory.. and bitcoin naysayer punishing mode).
In any event, sometimes the clearing of buy orders might allow for some of that freed up cash to be available for some other reasons.. and in recent times, I have not really wanted to add more cash to exchanges in order to maintain buy orders down to $11k-ish when currently they seem to be quite a far distance from our current price, (if anyone had not noticed?) - even while I expect that it would be pretty decently low odds that we are going back below $20k.. but surely who know, and we cannot even say for sure that our current bottom of $15,479 from November is in with anything greater than perhaps 65% or so odds... give or take a couple of percentages.. not that there is any kind of an exact science to any of these expectations of the future BTC price matters, even though I do know that it would not have been too smart to have been selling BTC below $20k in the last year or so or even buying US Govt. bonds when the BTC price was back in the $16ks until the end of 2022.. .but yeah, sure opinions are going to differ regarding these attempt to hedge matters..... and sometimes also that mistakes are made in terms of selling too much too low, and failing refusing to buy BTC, too. ..and then perhaps now wanting to make up for such past errors in which there may well not be any further opportunties to make up for such possible ship-has already sailed matters like that.
By the way, even if we set some of our various BTC buy orders in order to attempt to prepare for scenarios that we do not expect to happen, the existence of those buy orders that attempt to at least ameliorate some of the worse pains, would still likely not completely remove some of the various "worrying" aspects that might exist during periods in which BTC prices are moving in extreme kinds of ongoing downity kinds of ways, including negative BTC price scenarios in which we might end up going back below $20k and stay there for any kind of significant amount of time. That would suck... if it were to happen. .but not saying that it won't happen.. just does not seem that likely, even though many of us know that a lot of extremes can happen in bitcoin, even when they do not seem to be very likely.
Anyhow
(you bitcoin naysayers and downity prayers) don't forget
(or fail/refuse) to sufficiently/adequately pee pare ur lil selfies for UP.. even if down could end up happening...
Poll
