Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
OutOfMemory
on 01/05/2022, 16:38:59 UTC
⭐ Merited by JayJuanGee (1) ,AlcoHoDL (1)

~snip~


Oh JJG... you and your long-ass responses. I don't really think I can address your all points, but I'll just let you know why I was pointing out 5 consecutive red weeks. It clearly shows that BTC is overdue for a relief rally at this point of the bear market (and it probably doesn't have anything to do with many of the people in this thread as y'all are actually in this thing for long-term). Moreover, pretty much the same goes for US100, SPX, etc. We know what happened after the end of the last Fed meeting (everything pumped), and there is a good chance that same happens again on Tuesday/Wednesday after they raise rates by 50 bps.

And yeah, I still don't hold any BTC. I'm waiting for 200 WMA touch.

P.S. I wish I could've just replied this meme, but it didn't look very appropriate for an old fren lmao



Also, be aware of the low overall posting frequency here on WO, which often precedes bullish periods.  Cool
We might need another mindrust-event in a flash crash to $30k regions to confidently confirm the bottom, though.
Anyone sold the last dip?  Tongue