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Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Gachapin
on 07/01/2024, 15:33:38 UTC
⭐ Merited by JayJuanGee (1)
I must say, price holds nicely. 10k candle soon?

I am assuming that you are thinking about the daily candle, and "we" have been waiting for something like this kind of a greenie for a long time.. probably since early 2021.. but still haven't quite gotten quite to that point.. whether it is strictly within a daily candle or within something like a 24-hour period, even though I think that several times we have had green 3-day candles that quite exceed $10k..

.. so maybe I am not sure which one you would like to see.. .. and maybe there is a bit more of an anticipation of the possibility of a $10k green candle now, and I am not sure, because usually if there is something like a $10k candle, there would likely be some building up to it, and yeah, maybe we have had enough building up of it from mid-October until now.. so I am not going to negate the $10k green candle compatibility of our current conditions. (that is GCC-CC.. hahahaha).

I'm totally fine with 24h. It's arbitrary where the beginning of a day is set, as it changes depending on timezone anyways.

I think I remember that some time (years) ago you wrote about that arbitrariness in a post yourself.