Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Dead cat bounce high is ~$53k. We now know that bitcoin will not go higher than $53k again.
As long as Bitcoin stays above 200MA on Day chart, no worries.
where's your link, Sayeds56?
And regarding your substantive point? We should start worrying if BTC prices go below 200 Day MA? I am not sure why? We do not get kicked out of our current bull market merely if the BTC prices were to go below 200 Day MA.
You probably need to zoom out a bit if you are trying to frame at what points to potentially get worried.. even though your shorter timeframes do still seem to give some ideas about short term. .trading to the extent that anyone would be selling anything significantly (presumably only after they have already established a decently sized accumulated BTC stash, right?)
Dead cat bounce high is ~$53k. We now know that bitcoin will not go higher than $53k again.
Should we give you a new homage thread for this prediction?
No... "we" should not.
>Range Rover evoque = not a very reliable car apparently. So i've been reading on el salvador and the other small countries that want to adopt bitcoin.....oh boy has the IMF lost its shit over this. El Salvador WILL need an IMF infusion of funds in two years, that is a certainty. IMF has them by the balls. UNLESS (since they own 500 million of btc now ?) bitcoin moons, and then they can sell some and tell the IMF to go back to washington.
your statement is internally incoherent, fr4nkthetank
But I think that I understand what you are saying.. .. El Salvador is somewhat dependent upon BTC's price appreciation in order to NOT get fucked over BIG time by the IMF... and there might be some truth to that statement, but there are also quite a few variations too that likely had contributed to El Salvador's assessment that a gamble upon BTC has quite a few more benefits than it does downsides.. and sure, I hate to use the term "gamble" because El Salvador seems to be approaching some of the bitcoin implementation matter quite a bit more proactively than a mere gamble, even though many would have considered them to be quite rash and rushed in terms of how they got into BTC... .. but that might be innovative rather than a gamble.. well, at least so far, shitcoins are not too prevalent in the picture, even though we can see some shitcoins trying to get into the El Salvador picture, too.