Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by d_eddie (1)
The last day or so is just noise. The calamitous downtrend remains perfectly intact.
Agree the men of the wall will be crying by Christmas. Sub $10,000 inkoming!!!!!!!
Lots of last minute desperation...
Sorry for your losses
(not really).
I always liked ramen anyway.
Well, you better up your game.
Sorry to break the newses that you are going to be MOAR richie, whether you like it or not.
hahahaha
You opportunist...
I will agree with you, that there is a need for BTC prices to stay above $35k for several more days.. more than a week longer in order to show another example once again how uie poo-ie, aka the wannabe sorcerer who happens to be a diptwat, happens to be wrong yet another time - even though you had been right for a decent amount of time (was it two months so far?) and hardly can even credit you with that level of happening to be right either.. because you don't know shit.. you just happen to throw out some nonsense, and every once in a while you happen to be correct. takes a lot of talent for those kinds of maths and sciences, no?
Even though you are suggesting that BTC price moves are based on a variety of factors, then you proclaim that this particular price move is based on "the talk." Seems as if you are committing the same error that you are striving to suggest that you are not making.
In other words, it is way too prone to error to be trying to proclaim that BTC price moves are pushed because of narrow factors, and mainstream media does this all the time. Sure, we might have some piece of news that may start to trigger price move in one direction or another, but it is likely better to attempt to figure out more broader reasons, including to consider that if BTC prices have been largely bouncing around in 35% to 55% correction range for a couple of months, and seems that BTC negative sentiment had been building, including the more and more bold stacking of margin shorts, at some point there comes a kind of incentive to force the BTC price UP in order to liquidate some of the margin shorts - and those liquidations can provide more fuel (and incentive to push the BTC price upwards).
Furthermore, if the BTC price has been down for a decently long period of time, there are also likely some folks who have cash sitting on the sidelines, and they are sometimes more than eager to put their money back in, as soon as they witness some kind of breaking out to the UPside.. so there could be a kind of incentive in which momentum causes more momentum, yet whether the momentum is going to run out of steam can be unclear too in terms of how much buying support is keeping up with the price moves up.. and I doubt that "the talk" is going to be enough of an explanatory for whether the time is here to continue UPpity.
And to confirm that we have been in a bull market all along, even if a decent number of folks had been losing confidence in our having had been (still are) in a bull market. So sure, the loss of confidence can sometimes cause fuel to go UP in bTC price after a certain number of those weak hands have been shaken and perhaps even some losing of confidence that more weak hands are available to be shaken including the conclusion that the easier price direction ends up being UP rather than down.. and how can just "the talk" be enough - even if on the margins to explain such readiness or lack of readiness for the buy support to keep up including a kind of realization that we happen to be in a bull market rather than the erroneous conclusion regarding our supposed bear market status...