Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
the last nice pump was end of July. 60 days sideways&dumping followed by more sideways&dumping. started about $9200, observing 10695 currently. in other asset classes a 15% rise within two months would be exiting and cheered and celebrated. the spoiled fuckers we are this price action bores us, let's paranoia creep in, gets us mad with ourselves and each others.
i assume we are on track. even if we underperform compared to past cycles time wise for 6 months, I would still consider us on track. let the spring coil up until January or even March. the longer it consolidates in this range the more violent the upswing will be.
I just don't see price coming out of multiyear bear lows up to this stage just to turn around and dive back into the abyss. no way.
U.S. election
Covid
Global Recession
Stock Market?
the answer to all of this is the central banks printing more money. which is the macro event that ensures bitcoins success. so, no worries.
hasta la victoria siempre!
i assume we are on track. even if we underperform compared to past cycles time wise for 6 months, I would still consider us on track. let the spring coil up until January or even March. the longer it consolidates in this range the more violent the upswing will be.
I just don't see price coming out of multiyear bear lows up to this stage just to turn around and dive back into the abyss. no way.
U.S. election
Covid
Global Recession
Stock Market?
the answer to all of this is the central banks printing more money. which is the macro event that ensures bitcoins success. so, no worries.
hasta la victoria siempre!
good post as ever. you should write a book. with these brrr events coming it will mean a 15% dip is no worries either, it'll probably be more like 30%, then we hope to reject it with the proverbial rusty pipe. the long term is fine as you say, but we are in for a new-fangled bottom, well below 10k.
