Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 15/05/2021, 15:19:59 UTC
40k € barrier broken for the third time on the 1H chart (soon after $50k got broken). Looks like there will be a DOWNity (for ants) before the big UPpity resumes before the end of May, taking us to a new ATH. Yes, I know this post is dumb and doesn't say much...

Where's Bob?

Are we going to concede that there might not be an ATH this month?

And will another ATH be reached during June?  or might we miss two months of new ATHs before reaching another ATH.

Personally, it seems to me that BTC price performance (in spite of our current price correction location) and our largely being stuck mostly in the $50ks since about mid-February, remains quite bullish as fuck even if we might miss several months of ATHs, and there is still half a month in this month to potentially reach another ATH.. so the correction is not shit.. yet.. in terms of either its depth or it length of time in the doldrums.. so sure gotta agree with you AlcoHoDL regarding the correction for ants.. so far.. and whether this lack of a new ATH lasts for 1, 2, 3 or even 6 months, that would not necessarily even come close to taking BTC out of its bull market posture - even though I would agree that the longer that any lack of a new ATH lasts, the more FUD spreading we are going to see and likely the more removal of additional BTC from weakhands that are likely going to get punished at some point..

And at this point, before we correct more (merely at 30% so far), I am going to suggest that a lack of an ATH for 1 to 2 months would be the more likely scenario rather than something between 3-6 months, but who knows?  Each of us should have a plan for either scenario and know what we are going to do so that we can persist both psychologically and financially in order to NOT do stupid things based on hype (aka FUD spreading bullshit).

Bob is crying like a little girl.. with searing.. aka brad.  #nohomo.

 Cheesy Cheesy Cheesy Cheesy