fomoulation: the age of green dildos is upon us

[STT]

Good amount of momentum I would call that, when it just stacks up green daily bars its unusual because a pullback is to expected especially before weekends.



My guess here is we can move towards the 200 day average as part of a wider range to mirror the 50 week average both of which are yearly averages in different perspectives but perhaps useful divergence to border this lower action.   200 day in this case is far more bullish but theres enough positive traders on board then it can happen near term even, we have a much weaker dollar recently I noticed which greases the rails no doubt.
   I'd advise caution reentering orbit on Sunday into monday thats when main market bets come back online and can mean some sells.  If it gets past that turbulence then possibly we do get 44k or similar which is really extreme movement and growth from lows out of nowhere almost.

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[Dave1]

^^ We are in the turbulence phase right now, as we are about to break into $42k, (or if might have been broken already.)

So still there is a positive movement as we enter weekend, another week of positive movement during Sat-Sun. But the bigger move should be expected by Monday Aug 2 as we are on a momentum build here targeting $44k-$45. Short term we might be looking $50k tops and then let's see how it goes.

[BrewMaster]

we've had an interesting week so far. there seems to be a fight between the market manipulators and the rest of the world and the manipulators are failing an losing money in the process.

here is FOMO dildos one after another:

[BuNga_cute]

^^ We are in the turbulence phase right now, as we are about to break into $42k, (or if might have been broken already.)

So still there is a positive movement as we enter weekend, another week of positive movement during Sat-Sun. But the bigger move should be expected by Monday Aug 2 as we are on a momentum build here targeting $44k-$45. Short term we might be looking $50k tops and then let's see how it goes.

This week Bitcoin has had an incredible move, imagine finally making it surprisingly high up to $45k. This is a good start with quite a shock for
Bitcoin to return to $45k, which is very difficult for many to imagine. With Bitcoin's performance this week, a sign Bitcoin will return to the next
resistance price, possible in the near future the target of $50k is likely to be achieved. So don't be too quick to sell the Bitcoins we have,
we just need to be patient right now holding Bitcoin that we have.

[Yaunfitda]

^^ We are in the turbulence phase right now, as we are about to break into $42k, (or if might have been broken already.)

So still there is a positive movement as we enter weekend, another week of positive movement during Sat-Sun. But the bigger move should be expected by Monday Aug 2 as we are on a momentum build here targeting $44k-$45. Short term we might be looking $50k tops and then let's see how it goes.

This week Bitcoin has had an incredible move, imagine finally making it surprisingly high up to $45k. This is a good start with quite a shock for
Bitcoin to return to $45k, which is very difficult for many to imagine. With Bitcoin's performance this week, a sign Bitcoin will return to the next
resistance price, possible in the near future the target of $50k is likely to be achieved. So don't be too quick to sell the Bitcoins we have,
we just need to be patient right now holding Bitcoin that we have.

I don't think it's difficult to hit $45, specially if there is FOMO. We have seen it before, the problem as pointed out by @BrewMaster is that there are fight in the middle, manipulators wanted to bring it down, while average joe and regulars traders, which the majority is coming, wanted to keep the price to go up. That's why the price goes in the middle, at $43k. But then again, FOMO is hard to stop once the engine gets hot, so the push again to $45k.

[tygeade]

45-46 thousand dollars is a big deal, but it is also a risky level, if we can continue to go up, that means 50k+ will be piece of cake, there isn't much resistance between 47k to 50k+ for example, so if it reaches over 47k then it means it will probably reach over 50k as well. These type of small details matter a lot, and with every single move we are getting ready for a bigger move.

However same goes for under 42k as well, if we go under that level, the support is quite weak, incredibly weak even, all the way to 30k there is absolutely nothing that can keep the price high, and it will keep going down. Only way to prevent that would be to stay around these prices for longer and longer so that we can establish the strong price at these points. In the end we need time, that's all we need for both directions, as long as we have time then we can know more about the future.

[BuNga_cute]

This week Bitcoin has had an incredible move, imagine finally making it surprisingly high up to $45k. This is a good start with quite a shock for
Bitcoin to return to $45k, which is very difficult for many to imagine. With Bitcoin's performance this week, a sign Bitcoin will return to the next
resistance price, possible in the near future the target of $50k is likely to be achieved. So don't be too quick to sell the Bitcoins we have,
we just need to be patient right now holding Bitcoin that we have.

I don't think it's difficult to hit $45, specially if there is FOMO. We have seen it before, the problem as pointed out by @BrewMaster is that there are fight in the middle, manipulators wanted to bring it down, while average joe and regulars traders, which the majority is coming, wanted to keep the price to go up. That's why the price goes in the middle, at $43k. But then again, FOMO is hard to stop once the engine gets hot, so the push again to $45k.

Bitcoin's increase of 15% in 7 days has actually answered our doubts where Bitcoin will move. Like you said FOMO has already happened and it seems
quite difficult to stop, so it's just a matter of time for Bitcoin to go higher. Moreover, if it is helped by good news, the possibility of Bitcoin's increase
can be even more drastic, because good news can encourage FOMO. So I see Bitcoin is on the right track now.

[Baofeng]

45-46 thousand dollars is a big deal, but it is also a risky level, if we can continue to go up, that means 50k+ will be piece of cake, there isn't much resistance between 47k to 50k+ for example, so if it reaches over 47k then it means it will probably reach over 50k as well. These type of small details matter a lot, and with every single move we are getting ready for a bigger move.

There is some resistance to $47k as it seems a hard barrier to break right now. And the resistance to $50k will be much greater as we all know that this whole number price are what speculators are looking for.

However same goes for under 42k as well, if we go under that level, the support is quite weak, incredibly weak even, all the way to 30k there is absolutely nothing that can keep the price high, and it will keep going down. Only way to prevent that would be to stay around these prices for longer and longer so that we can establish the strong price at these points. In the end we need time, that's all we need for both directions, as long as we have time then we can know more about the future.

I'm not gonna say that it is weak, the support level is there, it's that when we reach that price, many have panic, specially newbies that's why the price will simply go down despite the support. But after a couple of days, the support will be established again. And that's where the very definition of fluctuation sets in for crypto market.

[Obito]

Can we stick to candles? Calling them dildos have some sort of silly sound to it and a naughty one too. I do hope that this run won't end prematurely because I observe that when bitcoin goes up in such a fast pace, it's always followed by really long bear or red candles that could last for months.

[sana54210]

Can we stick to candles? Calling them dildos have some sort of silly sound to it and a naughty one too. I do hope that this run won't end prematurely because I observe that when bitcoin goes up in such a fast pace, it's always followed by really long bear or red candles that could last for months.

Everything in the current world is about being viral and good marketing, even the silliest things could get the most insane profits, some idiotic video on youtube about a tiny baby biting on his little brothers hand and little brother saying "charlie bit me" could get millions upon millions of views. So, if you call it candlesticks then yeah you could get some attention, green candlesticks means that we are profiting and that is good, and is something we will be happy about.

However, if you call them green dildos, that is a lot better marketing and a lot more ready for a viral situation that gets everyone tweeting about green dildos, which in return means hype about it, which means higher prices. I doubt that it will end anytime soon, we are on the verge of breaking ATH with just one more push the same way, if we have another %50 like we just had, that is breaking ATH, and quite insane to think about.

[palle11]

I do hope that this run won't end prematurely because I observe that when bitcoin goes up in such a fast pace, it's always followed by really long bear or red candles that could last for months.

For now we may continue seeing the high flashes of green than it goes down because there isn't any FOMO around bitcoin now, the recent news have been on adoption and that may continue that way for a longer time until it changes. A little drop today showed up but that is nothing to compare to the gain of 72 hours and last week. Is a new wave of bull and altcoins following up.