Bitcoin has to pop up about 1300 to 'escape' the 9th "historical" red weekly candle.
I would drink some red (green?) to it tonight.
There is no green wine, or is there?
Apparently, there is..called Vinho Verde (it is a Portuguese brand).
Maybe I should look for it around here to replace my usual red for tonight or tomorrow.
It looks like $30,265 or higher will make this week's candle green.. and that is about 10.5 hours from the time of this post... Only about $900 - currently... clearly within reach.. Yet?
I am not sure if it really matters either way.. especially if the BTC price is within a $1k to $2k range of it, no? But on the other hand, as I type this post I am starting to speculate that if the BTC price were to be $2k to the upside, that would make a difference in terms of making many of us "bag holders" feel MOAR better, no?
The elevated long leverage mixed with the overhanging ETH locked in 2.0 and the mtgox coins are still keeping this market down. The support at $28K is looking more and more exhausted as it continues to be tested. I think there's a strong likelihood that the price will retest the recent lows in the $26K range. Hopefully that will liquidate some of the long leverage and bring the market into a healthier position to begin building support for the next wave of BTC to crash down onto it.
I had been thinking about these leveraged longs recently, and surely they seem to be an obstacle towards the BTC price going up, but I am starting to consider that they still might not be a deal-breaker... There could be so much money to make in terms of the various fuck twats who are playing the futures game, that the BTC price could end up recking those shorting fuckers prior to recking the longs..
My point remains that there is no guarantee, even if you are putting so much emphasis upon DOWNity in your various recent posts.. as if it were a certainty.. or as if you were wishing for the predictions in your post to come true.. as if you may well be a bit desperate yourself rather than really attempting to grapple with the ongoing possibility that the price is able to break in either direction, even when it appears stacked to break down, it could well still end up doing the opposite of what you believe it is going to do. Would that be a first in bitcoinlandia? or not?