Quote from: Toxic2040 on Today at 12:43:36 AM

the evening wall report

Bitcoin continues to show signs of recovery from the dip and seems well on its way to establishing a support zone around $40kish

#dyor

#stronghands

But what about the resistance at $42k and $43k? Why u no mention that part?

Cry

Quote from: Hhampuz on Today at 12:45:41 AM

Stable $40k through the summer would be alright with me and then a giant WICKED green candle taking us to the moon ($100k) and above in mid-late September.

I can almost guarantee that is NOT going to happen.

You think that bitcoin goes from correcting more than half of its value.. then wicking down $20k in a couple of days.. bouncing back up $10k in more or less one day and then just getting stuck at that price point?

Your proposal hardly makes no senses.. except maybe in a fantasy factual landscape.. and probably you would admit that it hardly makes no senses if you thought about what you are actually proposing.

Quote from: Richy_T on Today at 12:48:38 AM

Quote from: JayJuanGee on Today at 12:21:31 AM

By the way, getting back to price discussion a bit.. sure, I understand that the price could go either way..,. but to me, it seems that we are largely in rebounding mode, currently. I personally would like to suggest that if we do get more DOWNity from here, then likely some of the motivation for that would be to really beat up on some of the shitcoins. they deserve to be beat up quite a bit, especially after the amount of pumpening pure crap had been seeing in the past couple of weeks.

As long as we are not back in something like that never-ending bear market we had before where any long, slow upward gains at all were always answered with a quick tumble but the general outlook was a perpetual slump.

Could be though.

It is possible that we could be at the beginning of a bear market that lasts a couple of years - but surely would be a bit of a challenge to our currently valid BTC price prediction models in a variety of ways in terms of both 1) having a top and then a correction coming around 6 months earlier than expected playout time, and 2) having a peak that surely did a 5-6x increase in about 6-7 months and then a largely flat peakening that was pretty damned flat for the final three months of the peakening.

I am surely NOT even suggesting that both of those dynamics could not end up playing out in bitcoin for this cycle, but it is almost like wishful rather than likely in terms of what we have historically seen in this asset class - and seems to want to wish premature maturity on bitcoin.. which just does not logically add up.

Plus so much ongoing froth in the associated space, and surely you are NOT going to get me agreeing that the tail is actually having any kind of leader affect on the dog - so even a scenario in which there seems to be so much imbalance that needs to be purged, a combination of dumb money and smart money seems quite unlikely to fail to recognize distinguishing attributes of bitcoin, even if so much of the space ends up getting filled up with misinformation and disinformation in regards to bitcoin.. there are a lot of smart people out there in regards to bitcoin, and not all of them are going to be drug into the dumb.