Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 14/09/2020, 14:15:45 UTC
I will admit that I may have gotten a wee bit too excited too, in my below-captioned post from earlier...

Have a lil faith Jay Juan.


I had also made another post suggesting that the weekly candle has to close higher than $10,300 in order to be green.

Hodl my spear if you have to:



 Tongue

Yes, it appears that my excitement from a few days ago has been reached (and breached) with a breaking above $10,600 in the past 45 minutes.

Good to see.  Good to see.  We have not been here in the supra $10,600 range for 11 days, and there were moments, even in the past 24 hours that closing in the red on the weekly candle or even closing below $10k on the daily were easily within reach (within a few percentage) - but alas, did not pass.

Accordingly, we are back to a hopium statement that 4 digit BTC prices might never be possible again. Perhaps?  Perhaps?  Poor lil no coiners and precoiners who failed/refused to buy.. in the four digits, and we spent a lot of time there in the past three years... more time than some of us would have preferred, that's for sure.   Cry Cry

Of course, the longer that we are above $10k, the more comfortable we can become that 4 digits might be over forever and ever.

A couple of months ago (in the end of July), when we got back into this particular supra $10k streak, my assertion was that we would likely need to get above $13,880 before I would start to feel confident that 4 digits would be over, forever. 

Currently, I am thinking that the threshold of confidence may have come down a wee bit - even though I don't have any kind of exact number in mind..... point being is that the longer that we have these supra $10k BTC prices, even in the $11ks and $12ks, the more solid the bottom likely becomes and the more difficult for the bearwhales to drop king daddy prices down below $10k (even if such bearwhales are going to continue to exist at these here seemingly and relatively bargain prices).