Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[dragonvslinux]

Exactly. It's currently a drop in the ocean. As predicted by much of the media, it's barely relevant, much like when Bitcoin Futures initially launched. The interest was almost non-existent.

I am seeing some data that contradicts this.  Like the fact the Bitcoin ETFs pulled in over 1.2Billion in the first 30 minutes of trading.  This is nothing like the futures launch.  At least not yet.  I suppose if the inflow stops there it could cool down?

And:

https://twitter.com/JoeConsorti/status/1745527450358989212

Ok, maybe nothing like futures launch back in 2017, but also potentially proportionate based on market cap? Even so, I wouldn't rely too much solely on new tickers and the volume appearing quite yet...

I need to have a proper analysis of these Bitcoin tickers in general, from new ETFs to old products, because one thing I have noticed today is the bearish spike in selling volume for the likes of BTC1!, BITO and BITS (more so than BTC), which suggests to me that those speculating on Bitcoin's price rise into the ETF were doing so not only on the spot market but also on older products, ETNs and futures I'm assuming.

If I had to guess, Wall St are playing each other with older products being used to dump on newer products. At least that's the initial impression I'm getting. Also what happened to the "normality" of simply expecting/waiting for a 50% drop once new products are listed? This is like the defacto move for Wall St; wait for the -50%, then buy in. It explains a lot of previous Bitcoin-based launches as well.

Ie maybe this is less about Bitcoin correcting the usual 30%-50% after a parabolic move, and more about new launches on stock exchanges dropping 50% before going anywhere relevant. Just a thought. Let's not forget the amount of money invested in Bitcoin futures right now, because no doubt a lot of futures speculation was based on a future ETF that has now been launched. Again, just food for thought here.

[xhomerx10]

T-minus 4 days. Patience young ones.

 When moon?

[darkangel11]

 When moon?

Soon.

The price action is pretty normal if you know what's going on (people are moving their funds from GBTC to ETFs).

The volumes on exchanges aren't high. When we were bouncing back from 16k last year there was more money coming in than it is right now, meaning the FOMO hasn't started yet and we've already visited the high from 2022. Looking good.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

Long time no post. Came to see if anyone else was selling this news event, guess I'm not the only one. Felt comfortable with a decent sell at $48K. Now will wait for pull-back. Still think we could see $30K within next few months as below $40K there isn't a lot to keep us at higher levels. No doubt ETF will help in the long-run, but that will take a few months imo, rather than a few weeks.

Already the 4hr candle is looking bearish and sellers clearly taking advantage of the "sell the launch" opportunity. Let's be honest 2023 was a good year with +150%, now all that's needed is for price to cool off and balance out. It's ironic as $48.5K was the 0.618 retracement level I had talked about hitting for a long-time, even if it took until 2024 to get there as opposed to 2023 as initially anticipated.

You can consider my return and post as a local top signal

Could be, but not by as much as you are suggesting, imho.

Well no, not really. It's been well documented in the media and such that this could be an "implosion of new money into Bitcoin" or a "buy the rumour sell the news" type event. So far, I'd say it's the latter, but only time will tell. To me it's more the fact Bitcoin has reached my minimum target for a retracement from ATH to bear market low. It's just a "concidence" it occurred on the day of the ETF launch. Ie, not a coincidence at all.

Even with no ETF launch I'd be taking profits at current levels, because it feels eerily similar to summer 2019 parabolic run, at very similar levels as it were. Even if not I'm anticipating any sort of black swan event, a 35% to 50% correction feel due, much like in 2020 even before the covid crash, ie from $14K to $7K. In this case a think a milder (by %) pull-back to around $30K is in order.

Not gonna lie though, the trend is still bullish, even with current rejection on lower time-frames. It's more the red flags on the chart that's causing me to lose faith in continued upside right now. To me it's the same as $12.8K in 2019, so sure price could go a bit higher in the short-term, but notably anything above $12K back then was a solid selling opportunity. At least until price returned to $7K.

this is not summer of 2019. this is 2016 pre 1/2ing

Sure, price wicks down -40% to $30K rather than $25K, otherwise closing weekly candle around $35K (-27%). No arguments there. 0.618 fib retracement painted the same picture.

Now that i have time to post a longer argument...here it goes:

Now, bitcoin ETF is one of the tradfi assets.
Tradfi asset in a "bull market' is not supposed to decline more than 20% 9and maintain such market). Of course, i know that bitcoin in 2017 and 2021 bull market had much greater local declines, apart from 50% decline in the middle of 2021.
If we plot 20% decline from ~46K (which was the price before the approval), then it s"should not" go below $36.8K
If you count from intraday high of ~48K (but we probably shouldn't), then $38.4K.
We shall see it this prediction would hold.

Bitcoin doesn't care about no TradFi. If you're already open to the idea of mid thirties than we're not that different. My estimate is somewhere between $25K to $35K.

If you are right regarding a local top Cramer would be too..  And, out of experience, that's extremely hard to swallow....

Even a broken clock is right twice a day.

Well, 5% is NOT a drop in the ocean....you remind me of my students who think that 5% of a grade is NOTHING, when it is exactly what it is, 5%.

For fun, there are approximately 2.664X10^25 drops in the ocean (https://www.quora.com/How-many-drops-of-water-make-up-the-sea) while ETFs volume is 5 "drops" in a 100 "drops" (about 5ml or about a teaspoon).

For a supposedly "numbers guy" you threw these comparisons around with a bit too much ease, but don't take it as a criticism..I understand what you meant, emotionally, but let's stick to numbers, OK? Peace.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[dragonvslinux]

Well, 5% is NOT a drop in the ocean....you remind me of my students who think that 5% of a grade is NOTHING, when it is exactly what it is, 5%.

For fun, there are approximately 2.664X10^25 drops in the ocean (https://www.quora.com/How-many-drops-of-water-make-up-the-sea) while ETFs volume is 5 "drops" in a 100 "drops" (about 5ml or about a teaspoon).

For a supposedly "numbers guy" you threw these comparisons around with a bit too much ease, but don't take it as a criticism..I understand what you meant, emotionally, but let's stick to numbers, OK? Peace.

Seriously?! It's a phrase that means "insignificant" as opposed to literally a drop in an ocean, which would be miniscual, quite obviously as it's a metaphor that's not meant literally. Maybe this is a British phrase or something? Can't believe I feel the need to have to do this for something so trivial, but here are dictionary definitions of the phrase for you (spoiler; it has nothing to do 2.664X10^25 drops):

If you say that something is a drop in the ocean, you mean that it is a very small amount which is unimportant compared to the cost of other things or is so small that it has very little effect on something.

an amount that is so small that it does not make an important difference or have much effect

So yes, when we are talking about 5% of volume, I consider it a very small amount. Others may just consider it a small amount, but I'd consider it very small. To me it's the equivalent of a strong wind when driving down the highway/motorway at 70mph/110kmh (en/us context). It's not enough to take you of course 99% of the time, as it's only about 5% of the force in play, but it does mean you have to adjust for it; that analogy you're welcome to take literally. My point was more to whoever said that Bitcoin had "become TradFi". Whereas actually it's 95% not TradFi, and won't be, until ETF volume is at least 51%.

[Biodom]

Well, 5% is NOT a drop in the ocean....you remind me of my students who think that 5% of a grade is NOTHING, when it is exactly what it is, 5%.

For fun, there are approximately 2.664X10^25 drops in the ocean (https://www.quora.com/How-many-drops-of-water-make-up-the-sea) while ETFs volume is 5 "drops" in a 100 "drops" (about 5ml or about a teaspoon).

For a supposedly "numbers guy" you threw these comparisons around with a bit too much ease, but don't take it as a criticism..I understand what you meant, emotionally, but let's stick to numbers, OK? Peace.

Seriously?! It's a phrase that means "insignificant" as opposed to literally a drop in an ocean, which would be miniscual, quite obviously as it's a metaphor that's not meant literally. Maybe this is a British phrase or something? Can't believe I feel the need to have to do this for something so trivial, but here are dictionary definitions of the phrase for you (spoiler; it has nothing to do 2.664X10^25 drops):

If you say that something is a drop in the ocean, you mean that it is a very small amount which is unimportant compared to the cost of other things or is so small that it has very little effect on something.

an amount that is so small that it does not make an important difference or have much effect

So yes, when we are talking about 5% of volume, I consider it a very small amount. Others may just consider it a small amount, but I'd consider it very small. To me it's the equivalent of a strong wind when driving down the highway/motorway at 70mph/110kmh (en/us context). It's not enough to take you of course 99% of the time, as it's only about 5% of the force in play, but it does mean you have to adjust for it; that analogy you're welcome to take literally. My point was more to whoever said that Bitcoin had "become TradFi". Whereas actually it's 95% not TradFi, and won't be, until ETF volume is at least 51%.

If i had a "drop in the ocean" 5% of all bitcoins or even 5% of today's $ flow from just ETFs or bitcoin, it would not be something insignificant:

5% of all btc-1.05 mil btc or $48.3 bil $$
5% of all bitcoin flow today was $ 3.6 bil (before, now it is an even higher number of ~7%)

Is this nothing for you?
Gee, man, for myself, those numbers are significant.
I am not even sure what is the point of this non-quantitative conversation....maybe i just don't want to call something that has some value to be called insignificant.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[AirtelBuzz]

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[True Myth]

Cathie Wood Sees Bitcoin Price Reaching $1.5M by 2030 After ETF Approval
ARK Invest's CEO previously predicted the price would reach $1 million by 2030.

https://www.coindesk.com/markets/2024/01/11/cathie-wood-sees-bitcoin-price-reaching-15m-by-2030-after-etf-approval/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Cathie Wood = super bull or just ensuring that her new product gets some advertisment?

[DaRude]

Exactly. It's currently a drop in the ocean. As predicted by much of the media, it's barely relevant, much like when Bitcoin Futures initially launched. The interest was almost non-existent.

I am seeing some data that contradicts this.  Like the fact the Bitcoin ETFs pulled in over 1.2Billion in the first 30 minutes of trading.  This is nothing like the futures launch.  At least not yet.  I suppose if the inflow stops there it could cool down?

And:

https://twitter.com/JoeConsorti/status/1745527450358989212

This just tells me that all of those speculators that poured over 3% of all BTC in existing [619,162.0971] and got caught in GBTC discount with a 2% annual fee, can finally close their positions without paying steep discount. GBTC still has the nerve to charge the remaining idiots 1,5%/yr fee. Inflows into other funds seem to offset the dismantling of GBTC, watch their AUM closely.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[d_eddie]

Did you do it yourself, or is it a repost from somewhere else?

[Biodom]

Exactly. It's currently a drop in the ocean. As predicted by much of the media, it's barely relevant, much like when Bitcoin Futures initially launched. The interest was almost non-existent.

I am seeing some data that contradicts this.  Like the fact the Bitcoin ETFs pulled in over 1.2Billion in the first 30 minutes of trading.  This is nothing like the futures launch.  At least not yet.  I suppose if the inflow stops there it could cool down?

And:

https://twitter.com/JoeConsorti/status/1745527450358989212

This just tells me that all of those speculators that poured over 3% of all BTC in existing [619,162.0971] and got caught in GBTC discount with a 2% annual fee, can finally close their positions without paying steep discount. GBTC still has the nerve to charge the remaining idiots 1,5%/yr fee. Inflows into other funds seem to offset the dismantling of GBTC, watch their AUM closely.

jee....IF your investment is either 50% over or under NAV (both happened to GBTC in 2015-2023), how important was that 2% fee?
GBTC had a SPECTACULAR return since 2015 in fiat only accounts..nothing else was even close.
GBTC is up 13056% since Sept 28, 2015, with NVDA up 8796%
Bitcoin did better, of course, but you couldn't have held it in tax advantageous accounts, unless you used some specialized IRAs that have VERY high fees per tx.
That said, of course, in a LONG run you would lose a bit more in GBTC to fees now as there are less expensive options available.
Anyone switching from GBTC to other funds needs to see what those other funds are trading at in relation to their NAV: not an advice..this is what I plan to do.
This and see which ETFs would offer options; among those, GBTC, IBIT and FBTC probably will.
My bitcoin is practically not for trading, but I have no such qualms about ETFs.

[JayJuanGee]

I know I shouldn't but I fomo-ed in a tiny bit of corn.

My 48.2k ladder hit

waiting for my 50310 to hit

as soon as the etf got approved i took out some of my lowest sell bids. no sense giving corn away now.

my new lowest sell point is up in the $60ks and that is very subject to change.. upward lol

I will agree that I get tempted to either take out some of the sells, or reduce them or to increase the increments between them, there are a variety of ways to attempt to deal with the matter.

You can also make you buy orders higher or to increase the amounts and/or decrease the spreads.  I am usually reluctant to change very much, even though I do agree the actual approval and the way it was done (which included both the approval of 11 of them and the pretty much allowance of them to begin to trade immediately) creates a bit of a sense that there is going to be quite a bit of additional upwards price pressures on BTC for the coming months and years, even though, the upward price pressures might might immediately result in upwards price movement... while at the same time, any of us should understand why both fewer folks should be willing to sell at these prices and also that fewer folks should be waiting to buy lower rather than either buying right away or being more ready to buy on smaller dip levels.

my step ladder goes to 70k

then my real ladder starts at 99534

That sounds good.  The main thing is to have a plan, and if you project out your plan (even if no one else agrees with you), then you have something to work with, and if the BTC price were to go shooting up and fill all of your orders, then that would be one of the consequences of having the order preset rather than manual.   And, sure you could have a preset quantity that you have already set, but you could also have some ideas of some reserve quantities that you might employ at various BTC price points on the way up, depending on how fast the BTC price were to end up going up.. while at the same time, we know that the sell orders might not end up getting filled, so we would need to have some level of preparation for that too.

I have frequently stated that I am not too excited about any of my sell orders that are within what I consider to be no man's zone, even though historically I have mostly maintained those kinds of sell orders - especially after a lesson that I learned in late 2015 when the BTC price went shooting up from $300 to $500k and I presumed too much about the price continuing to go up, and I ended up feeling that I had locked myself out of the whole situation because I bought rather than sold, so that when the BTC price corrected back down to $300 before resuming back up to $500 (more than 6 months later), I was kind of regretting the mistake of NOT just sticking with system that I had already thought through and put in place (but ended up abandoning out of FOMO).. so sometimes the system that is put in place can be tweaked in some ways in order to make it more comfortable, especially if something ends up happening in the market or the space that had not previously been thought to be part of expectations.... but still I am way more comfortable to lower my sell orders in noman's land rather than removing them, even though I recognize and appreciate that there may be less chances that they are going to end up getting any kind of correction to be able to buy back as compared to more "normal" times in which there may be higher odds of being able to buy back, but never are the odds for buying back so high that we should take them for granted. so in that sense it remains a good thing to have some level of expectation of never being able to buy back and also being able to live with those consequences of not being able to buy back, if they were to play out..

Long time no post. Came to see if anyone else was selling this news event, guess I'm not the only one. Felt comfortable with a decent sell at $48K. Now will wait for pull-back. Still think we could see $30K within next few months as below $40K there isn't a lot to keep us at higher levels. No doubt ETF will help in the long-run, but that will take a few months imo, rather than a few weeks.

Already the 4hr candle is looking bearish and sellers clearly taking advantage of the "sell the launch" opportunity. Let's be honest 2023 was a good year with +150%, now all that's needed is for price to cool off and balance out. It's ironic as $48.5K was the 0.618 retracement level I had talked about hitting for a long-time, even if it took until 2024 to get there as opposed to 2023 as initially anticipated.

You can consider my return and post as a local top signal  

Oh gawd...  

You traders are really annoying, even if you may well end up being correct.  

There are so many bitcoiners who find it repulsive to be trading such a pristine asset, and treating it as if it were a shitcoin, and seeming to fail/refuse to account for how immature bitcoin continues to be which would include the ongoing pressures that come from being in early stages of adoption that has exponential s-curve aspects that are fueled by metcalfe principles and network effects.  Some people refer to your trading behavior like picking up pennies in front of a steam-roller, but still you are free to do it, and maybe you might end up being correct.  Perhaps? perhaps?

Even with no ETF launch I'd be taking profits at current levels,

In some ways it is good that you are sticking with your guns, even though it may end up causing you to get killed.. but sure, if you have protected yourself and you are ONLY take as much risk that you are willing to take, then you likely already have built into your formula that it could be possible that the BTC price moves up rather than down or sideways as you are anticipating.  If you are either placing odds that are too high, or you are talking your book, then maybe you are nervous that you calculated your odds incorrectly... but hey, you do you.

because it feels eerily similar to summer 2019 parabolic run,

It may or may not be similar to the 2019 parabolic run that ended up completely retracing itself, but maybe the run is just beginning or maybe we are in the middle of it rather than your anticipating that we are at the end of it.   Your assumption that we are at the end of it seems like nearly pure crazy-land in terms of ignoring the magnanimity of having these new financial products launched.. ..and sure, it could take several months or even several years for the buying pressure to really ramp up, but it is not really seeming easy to put together those kinds of ideas under our current circumstances.

at very similar levels as it were. Even if not I'm anticipating any sort of black swan event, a 35% to 50% correction feel due, much like in 2020 even before the covid crash, ie from $14K to $7K. In this case a think a milder (by %) pull-back to around $30K is in order.

You are correct that quite frequently we get 25% to 60% corrections even during bull runs, so you might end up being correct, and even getting us to the top of the 30ks is ONLY around a 20% price correction, if we consider $49,048 as our local top...so I would not be shocked for such a thing to happen, yet your coming in and bragging about your supposed local top call seems a wee bit presumptuous and perhaps that you are placing higher odds such happenings as you are able to justify.. so in other words, you are merely gambling.. or maybe saying taking a shot at something that might be more in the ball park  of 50/50 at best rather than your attempt to assign it odds as if it were in the upper 60% or even in the 70% arena..   The way you are talking, it sounds like you might even be well considering odds to be as high as that, which does not really seem to jive.. but hey, maybe you will end up being correct and you can laugh at all the HODLers who failed/refused to act on such supposed obvious trade.

Not gonna lie though, the trend is still bullish,

Exactly, we are in a bull market and the trend is bullish, so the odds for up should be up.. which means the trend is your friend, but you want to play a wee bit of a gamble, and so I hope that you are not betting too much on such possible outcome.

even with current rejection on lower time-frames. It's more the red flags on the chart that's causing me to lose faith in continued upside right now. To me it's the same as $12.8K in 2019, so sure price could go a bit higher in the short-term, but notably anything above $12K back then was a solid selling opportunity. At least until price returned to $7K.

Maybe you are right about back then?  We had gone from $4.2k-ish to $13,880 within 3 months, so that is 3.3x in such a short period of time.

Here, in this case, we have gone from $15,479 to $49,048  (about 3.16x) in about 14 months.  Or maybe you want to play shorter time lines to say that we went from $27k to nearly $49k (which is 1.82) in nearly 3 months, and I am still thinking that such a rise is not getting you to such blow off top territories, even if you might want to suggest that the current market is not able to absorb such exponential like the more immature market might have been able to handle.. .so that still seems like a false comparison, even though I can see why you are wanting to make such a play. and still hoping that you do not end up losing your shirt too badly on such a play.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

Wouldn’t take the risk myself neither….

Few FIAT bucks profit not to be sure what it’s gonna do….

This time really can be different.
*just not selling any coins on the cheap.

Dude you are in  a different league then others or at least I have that impression.

If I had 300 coins in spring of 2021 I would have sold 25 at say 60k x 25 = 1.5 million after tax I would have

1,000,000 and that would cover me from 2021 to at least 2026.  WHICH means I could easy peasy hodl right

now.

I did not or ever had 300 coins (my own stupidity as it was easy for me to do at 1 time)

So I have 2 ladder ups.

45k to 70k a smaller step ladder these sales cover me for all of 2024

101k and up a large real ladder these sales give me funds for 3 years

and I still hodl.

But I am not at your scale dude not at all.

Maybe any of us is in a pickle if they are feeling they need to sell BTC prior to having had accumulated enough to get at entry-level fuck you status, and I am not even sure why anyone who had 300 BTC would have had been worried as of around mid-to-late 2020, the 200-week moving average ended up bringing them above entry-level fuck you status.  See my chart on the topic.

Entry-level Fuck you status chart - attempt to prognosticate.

BTC_Price Bottom Start $                    StartDate               Gain/Time(days)                 FU Status Goal                
                               $0.30                    12/1/10                    182.6 (6 mos)                       $2,000,000
.....

(Date)	(RL_Price)	(BTC Bottom)	(%gain/time)	(% Rate ∆)	($ Amount ∆)	(#Coins/FU Status)
5/31/20	$9,472	$5,895	20.11%		$987.00	339.2706
11/30/20	$19,610	$7,322	24.21%		$1,427.00	273.1494
5/31/21	$35,497	$12,751	74.15%		$5,429.00	156.8504
11/30/21	$57,003	$17,839	39.9%		$5,088.00	112.1139
5/31/22	$29,817	$22,074	23.74%		$4,235.00	90.6043
11/30/22	$17,164	$24,112	9.23%		$2,038.00	82.9463
06/01/2023	$26,822	$26,313	10.9%		$2,201.00	76.0081
11/30/23	$37,814	$29,049	10.4%		$3,021.10	68.84920000
5/31/24		$33,697	16.%		$5,391.49	59.35270000
11/29/24		$39,196	16.32%	102.00%	$6,396.81	51.02540000
5/31/25		$45,721	16.65%	102.00%	$7,610.89	43.74365689
11/30/25		$53,484	16.98%	102.00%	$9,081.23	37.39434790
5/31/26		$58,298	9.%	.00%	$5,246.78	34.30674120
11/30/26		$63,282	8.55%	95.00%	$5,410.61	31.60455200
5/31/27		$68,422	8.12%	95.00%	$5,557.59	29.23031931
11/30/27		$73,702	7.72%	95.00%	$5,687.11	27.13637487
5/31/28		$84,020	14.%		$11,763	23.80383760
11/29/28		$96,018	14.28%	102.00%	$13,711	20.82939937
5/31/29		$110,004	14.57%	102.00%	$16,023	18.18119870
11/29/29		$126,347	14.86%	102.00%	$18,771	15.82943367
5/31/30		$136,455	8.%		$10,916	14.65688302
11/30/30		$146,825	7.6%	95.00%	$11,159	13.62163850
5/31/31		$157,426	7.22%	95.00%	$11,366	12.70438211
11/30/31		$168,224	6.86%	95.00%	$11,538	11.88892102
5/30/32		$188,411	12.%		$22,609	10.61510805
11/29/32		$211,472	12.24%	102.00%	$25,884	9.45750895

So anyone with at least 157 BTC in the beginning of 2021 or 112 BTC at the end of 2021 could have easily started to sell 4% of their stash per year and not had to have had worried whether in BTC price doldrums or not.  And, even though 2022 and 2023, were not really great years for the 200-week moving average going up (since it only went up around 20% per year for much of that time, we still got to the point of double digits for the quantity of BTC necessary for entry-level fuck you status going from 90 BTC to 83 BTC, to 76 BTC and only around 69 BTC for as late as late 2023, with a projection of 51 BTC to 59 BTC for entry-level fuck you status for this year.

So I don't really see why there would be needs for anyone with at least those quantities of coins during each of those respective years to be worrying about if he has enough coins if he is merely wanting to cash out of BTC in a kind of sustainable way.. and so in other words having 300 BTC would be way superficial even for early as early 2021.

By the way, it is starting to seem that I had gone overboard on my conversion of my fuck you status chart into bing overly conservative in terms of where we likely are going to be in May 2024 or even December 2024, in terms of the quantity of coins that are going to be necessary for default entry-level fuck you status, and surely I feel better to be conservative, but it is quite amazing how the number of coins for entry-level fuck you status has continued to come down, and surely no needs to be whining about not having 300 BTC within it is seeming soon to be the case that 51 BTC is going t be adequate by the end of this year.

Maybe another 89 ETFs would help? 

11 should be enough.

No need to be greedy.

Reading all the posts about sells and buys and tops and pullbacks makes me feel more fortunate about my strategy.

I may not have nearly as much BTC stacked as some of you but, that puts me in full accumulation mode. I've got maybe 8-10 years before I may need to think about selling anything.   This makes things easy for me... Every week when I have my left over cash I ask myself "Will BTC be worth more in 2032 than today?" Everytime I answer yes,  I buy more.

I did contemplate trying to sell the peak and rebuy lower this bull run but, honestly what are the chances of me actually nailing that?  So many factors go into executing this strategy perfectly. Plus, I'd have tax implications to deal with.

Wish you all the best of luck with your strategies. No matter if we hit 30k or 60k I'll be ready with my buys 

I extended my chart out to 2032 just to account for your post, and surely we see that the 200-week moving average is likely to continue to go up , and I have $188,411 and $211,472 for the then bottom prices, which would mean 9.5 BTC and 10.6 BTC for entry-level fuck you status by 2032, and maybe or maybe you will not be able to reach those levels of BTC accumulation by 2032... but even if you don't, your ongoing accumulation of BTC is likely to make you better off than if you had not been accumulating BTC... no guarantees, but still.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com