Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
philipma1957
on 07/11/2021, 21:49:32 UTC
$63k in one two hours Tongue
Hope chart buddy accepts your proposal but here we are seeing pump for ants  Grin


Yes the volume is virtually non existent

One of the most interesting parts of this "cycle" in my opinion.  It is not retail.  The retail markets are nothing more than an unreliable oracle so far.  And the majority of acquisition is happening in dark pools.

If retail DOES start to buy this cycle they are going to soak up the available float so fast it will make peoples eyeballs pop out.

Watch.

(If it does not happen this time, which is hard to even accept as possible without some giant global macro black swan... it WILL happen in the next cycle.)

I still like the extended cycle in which we possibly go sideways until the next cycle and the drop this summer was the low point.

I prefer over plan b model and the idea of not topping off but going sideways ending the four year cycle pattern is possible.

I suggest looking at mining growth patterns from now till the spring.  But as the daying goes another day another stack of sats.