Analysis

[btcone111]

https://i.gyazo.com/b519501e0ea71adfc5545ed79c50e77d.png

Let's see if this is correct. Now heading to 17K already .... (faster than a lot of people could imagine I suppose)

[1714971788]

1714971788

[Hope_Trader]

That is true.  Some people do use those kinds of shorting services to borrow BTC and to short in that way, but I still say good luck if you believe that kind of system is going to work to cause bitcoin's price to crash at these prices and with the levels of capital that is likely to come into the space and the number of coins that would likely need to be borrowed in order to support such price declines, as compared with the likely number of coins to be bought as compared to sold.

I know some people are expecting that BTC prices are going to go down because of various kinds of shorting and these kinds of ambitions of BIG capital to drive BTC prices down; however, I doubt that ambition and the ability to borrow coins alone is going to accomplish the desired downward price movements.

I personally believe those kinds of downward BTC price betters are going to get R3ckt, and it is more likely that we are going to need a decent amount of BTC price going UP first, before the shorters are going to be able to have success in their ambitions... perhaps 1 year of accumulation and price appreciation at minimum, but perhaps could take 3 years or more before they are going to have sufficient tools in place.

yeah, I don't really believe some specific typical capitalist entity or group of actors aka "Wall Street" can short bitcoin down in the markets just because they feel like it or just because they can, just because they have deep pockets. Market rules still apply, and bitcoin is large enough now for it not to be quite that type of timid asset that would take kindly to newcomers trying to mess with it. Old hands have lots of coins and have been trading this for a while.

It's also not really fair though to say that futures wouldn't have an effect on spot btc, it will have some sort of effect, as many factors do, but they are all represented there in the graph and who's to say what exactly is the driving factor most of the time. 2nd guessing a million variables when all you really need is 2 is kind of a waste of time. It's generally a helpful thought experiment though IMO, to play with ideas about what people may be thinking and what new pressures may be in effect on the market. Personally my 2nd guessing is that crypto has grown very fast and wide this year and has a lot going for it in many ways, hype included, it's not going into bear market mode for a while yet, though I expect more of a correction/sideways action from here as there is a new context to this last big sell off and action that was more severe than any previous since the start of this big bull run, also seasonally more significant as well as straight out of a parabolic rise and a weak, low volume and fairly rounded top.  

[kamuy]

New post

https://vk.com/bitcoin_vanga

[gentlemand]

New post

https://vk.com/bitcoin_vanga

Hey, for once google translate made that largely comprehensible. Perhaps everyone's desperately correcting his posts and it's slowly getting the hang of it. It looks like he thinks it's business as usual so largely up and falls at this point are no big deal.

"Greetings to the misters "The bubble burst". I've heard you dozens of times in six years."

[NiceSoft12]

The graph is already wrong. Your crayon drawings were more accurate.

That drawing was just an idea I wanted to share from tradingview; it wasn't my analysis.

I feel my "crayon drawings" might come to fruition....

[Biodom]

Softie:
The crayon is too negative and simplistic, sorry. A 16-17 local top is possible, but the downside is drawn "too severely'.
Your regular graph is possible according to ML, but it is missing a bounce move to a new ATH. Other indicators also project 25K "soonish"
Alternatively, we can just go straight up from here.
I give it 50/50; vanga favors 10K, but acknowledges that it can go straight up.

[Hope_Trader]

New post

https://vk.com/bitcoin_vanga

Hey, for once google translate made that largely comprehensible. Perhaps everyone's desperately correcting his posts and it's slowly getting the hang of it. It looks like he thinks it's business as usual so largely up and falls at this point are no big deal.

"Greetings to the misters "The bubble burst". I've heard you dozens of times in six years."

he suggest 10k retest first from here, and 8k may be too low to expect, or may feel quite bearish, but still a positive buy.

This is why I suggest sideways/further correction afterwards, further touches of 10k or below would be quite a big event compared to previous corrections in the year. Also a very large amount of money has flown to alts such as ether for this upcoming long trade in ethbtc. This may take some steam out of the sails for btc for a few months or so.

[snowdropfore]

New post

https://vk.com/bitcoin_vanga

Hey, for once google translate made that largely comprehensible. Perhaps everyone's desperately correcting his posts and it's slowly getting the hang of it. It looks like he thinks it's business as usual so largely up and falls at this point are no big deal.

"Greetings to the misters "The bubble burst". I've heard you dozens of times in six years."

he suggest 10k retest first from here, and 8k may be too low to expect, or may feel quite bearish, but still a positive buy.

This is why I suggest sideways/further correction afterwards, further touches of 10k or below would be quite a big event compared to previous corrections in the year. Also a very large amount of money has flown to alts such as ether for this upcoming long trade in ethbtc. This may take some steam out of the sails for btc for a few months or so.

no matter how price will go down or up ,holding is the best chioce ,and when the price hit the $70k,i think i will sell some of my coins .buy a big house and a nice car.

[Hope_Trader]

New post

https://vk.com/bitcoin_vanga

Hey, for once google translate made that largely comprehensible. Perhaps everyone's desperately correcting his posts and it's slowly getting the hang of it. It looks like he thinks it's business as usual so largely up and falls at this point are no big deal.

"Greetings to the misters "The bubble burst". I've heard you dozens of times in six years."

he suggest 10k retest first from here, and 8k may be too low to expect, or may feel quite bearish, but still a positive buy.

This is why I suggest sideways/further correction afterwards, further touches of 10k or below would be quite a big event compared to previous corrections in the year. Also a very large amount of money has flown to alts such as ether for this upcoming long trade in ethbtc. This may take some steam out of the sails for btc for a few months or so.

no matter how price will go down or up ,holding is the best chioce ,and when the price hit the $70k,i think i will sell some of my coins .buy a big house and a nice car.

you basically just said "if the price goes up or down, holding is the best choice, but when the price goes up, I will sell"... makes perfect sense to me!

some of us like to actively trade to increase various possibilities. If anything it helps in the long term identifying if 70k is a good level to sell at. I have to admit, it was very hard for the first year or 2, swings in balance are inevitable. It gets easier, and holding is not necessarily the best option when competition takes money away from btc, even if that's only for medium/short term. I know someone who does put his btc into alts from time to time, so he is at least holding something other than cash. His approach is always to accumulate more btc though.

[Mallyx]

New post

https://vk.com/bitcoin_vanga

Hey, for once google translate made that largely comprehensible. Perhaps everyone's desperately correcting his posts and it's slowly getting the hang of it. It looks like he thinks it's business as usual so largely up and falls at this point are no big deal.

"Greetings to the misters "The bubble burst". I've heard you dozens of times in six years."

he suggest 10k retest first from here, and 8k may be too low to expect, or may feel quite bearish, but still a positive buy.

This is why I suggest sideways/further correction afterwards, further touches of 10k or below would be quite a big event compared to previous corrections in the year. Also a very large amount of money has flown to alts such as ether for this upcoming long trade in ethbtc. This may take some steam out of the sails for btc for a few months or so.

no matter how price will go down or up ,holding is the best chioce ,and when the price hit the $70k,i think i will sell some of my coins .buy a big house and a nice car.

you basically just said "if the price goes up or down, holding is the best choice, but when the price goes up, I will sell"... makes perfect sense to me!

some of us like to actively trade to increase various possibilities. If anything it helps in the long term identifying if 70k is a good level to sell at. I have to admit, it was very hard for the first year or 2, swings in balance are inevitable. It gets easier, and holding is not necessarily the best option when competition takes money away from btc, even if that's only for medium/short term. I know someone who does put his btc into alts from time to time, so he is at least holding something other than cash. His approach is always to accumulate more btc though.

I think he mostly said that you should hodl until you reach your target.

[Mhz_evadah]

Are you saying, BTC will fall below $6k threshold? That would deal a great blow to the community.

[Mhz_evadah]

New post

https://vk.com/bitcoin_vanga

Hey, for once google translate made that largely comprehensible. Perhaps everyone's desperately correcting his posts and it's slowly getting the hang of it. It looks like he thinks it's business as usual so largely up and falls at this point are no big deal.

"Greetings to the misters "The bubble burst". I've heard you dozens of times in six years."

he suggest 10k retest first from here, and 8k may be too low to expect, or may feel quite bearish, but still a positive buy.

This is why I suggest sideways/further correction afterwards, further touches of 10k or below would be quite a big event compared to previous corrections in the year. Also a very large amount of money has flown to alts such as ether for this upcoming long trade in ethbtc. This may take some steam out of the sails for btc for a few months or so.

no matter how price will go down or up ,holding is the best chioce ,and when the price hit the $70k,i think i will sell some of my coins .buy a big house and a nice car.

you basically just said "if the price goes up or down, holding is the best choice, but when the price goes up, I will sell"... makes perfect sense to me!

some of us like to actively trade to increase various possibilities. If anything it helps in the long term identifying if 70k is a good level to sell at. I have to admit, it was very hard for the first year or 2, swings in balance are inevitable. It gets easier, and holding is not necessarily the best option when competition takes money away from btc, even if that's only for medium/short term. I know someone who does put his btc into alts from time to time, so he is at least holding something other than cash. His approach is always to accumulate more btc though.

One very good investment tactics would be, to diversify one's portfolio and use BTC to gauge ROI. This way, once BTC slumps, you can have alts to depend on.

[uslfd]

Are you saying, BTC will fall below $6k threshold? That would deal a great blow to the community.

Even if this happens, it's not a blow to the community but a wake up call to the community.
Seriously $6K would not have been an impossible price back in Nov. We're just talking about a month from Nov. So why not?
Everything is possible. If it could go up, it could also go down.
Stop selling your house / car to buy into btc.

[mymenace]

Seems like a huge battle at the moment

fundamentally looks like a bull/bear fight between btc and bcash transactions as well as good ripple news

huge doji showing up confirming undecided market causing fear panic and opportunities

very wishy washy

who will win?


bulls have adoption

bears have .........fud?

[Millionero]

тpи пepa в жoпy
wtf?

[btcone111]

тpи пepa в жoпy
wtf?

What exactly does this mean?
Could someone translate?
Doesn't sound very good.

[ssmc2]

"Three asses in the ass" per google translate

Not good at all

[Mister k]

If bitcoin keeps going down ,altcoins will need to become less dependent from it otherwise the whole market is fucked.

[600watt]

bitcoin IS the market. alts are nothing.

[Nubitcoinerr]

bitcoin IS the market. alts are nothing.

This is nonsense.