Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Bitcoin spent trolling bulls 3 years by constantly creating fakeouts. Im not convinced the bull phase is over until ATH. It could trick people into buying again the 200 MA breakout only to crash again. The fundamentals aren't also fantastic to say the least. We have the China ban which I think is underrated (this time it's not the same as previous bans, this is total prosecution of any crypto activity) and we have the Evergrande situation. I just don't see it. We'll see what the FED does with the rates. If the SP500 fails to break to the upside that's even more bearish pressure because like it or not, BTC continues to be quite correlated with the market.
Like it or not.. in order to be able to better see what you believe that you are seeing, you need to zoom ur lil selfie out a wee widdle bit, calchuchesta.
But, hey.. you do you, and if you believe that the top for this cycle is in, then sure hopefully you are not betting too much on that theory.. Historically, one of the most major of downfalls for a lot of normies (who already know about bitcoin) is either failing/refusing to prepare their lil selfies for UPpity or inadequately preparing their lil selfies for UPpity..
So in essence it is all fine in dandy to have those various DOWNity theories, but if you fail/refuse to prepare for UPpity in the process, you only have yourself to blame when you may well never be able to get bitcoin at these prices again.. we saw such scenarios in mid-2017 and at various other times in bitcoin's history... and surely, no two periods are going to be exactly similar, but nonetheless there has been a common tendency of either not preparing for UPpity or inadequately preparing for UPpity that seems to continue to run through a variety of historical timeframes in bitcoin's wee short widdle life.
~ he even accused me of being part of that group.... or somehow affiliated blah blah blah.
I don’t think so Jay. My little black book says otherwise.
Always a pleasure to talk to you, and witness the progress you’ve made in your algos.
Heard some variation of that before.
I’ve got more where that came from. Conspiracy theories with AI’s, whales and remora’s - right here, right now.
You've probably been to intensive conspiracy bootcamp, so congrats on that one. Not everybody gets the fulfillment of those kinds wishes.