Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
In any event, so far, as I type this post, we have a 21.5% correction from $49,048 to $38,505, and your chart is building-in a 42% correction for this (pre-halvening correction)
Sigh I thought 42% was the current fall. Didn't really think it through
Goodness, today has really been hectic for me
Let it get to weekend I really need to relax.
Of course, if we were to measure from the 2021 top, then our current correction point would be right around 44% from $69k to $38,505.. but that likely is not what was being shown in that earlier chart which was a conjectured dip from the $48,048 price arena... which again would not be completely impossible, but I still would not give it greater than 50/50 odds, but hey what do I know.. I am not really that much into trying to figure out some of the short term ups and downs, especially since there are strategies that any of us can do in order to make sure that we are prepared for either price direction, depending on our own personal circumstances, which would include how many BTC we have already stacked in comparison to our other assets, our cashflow and other personal circumstances.
Furthermore, that tweet is extremely negative from the first few words. It's like saying here in the UK temperatures dropped to yearly lows yesterday. It's just stupid. The year just got started!
Not until you are about halfway through the year do I think it's acceptable to write stuff like "yearly lows" etc.
Oh you should follow that account dude he said a lot of negative about Bitcoin I don't know if he likes bitcoin or not but you can see the content https://twitter.com/WhaleWireNot until you are about halfway through the year do I think it's acceptable to write stuff like "yearly lows" etc.
https://twitter.com/WhaleWire/status/1731573099642978458When is such supposed MegaCrash going to happen?
Sounds like either wishful thinking or probably a low coiner or no coiner or someone who sold way too many coins too soon.
The current chart looks like the below.. which does not show any kind of crash yet.. and for sure not a mega crash.. it even looks like the first scenario could be closer to playing out rather than the second scenario.:
https://bitcoinwisdom.io/markets/bitstamp/btcusd
It would dangerous to overly bet on DOWNity, especially in times like these.. .if you know what I am talking about.