Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 18/11/2024, 19:37:38 UTC
⭐ Merited by d_eddie (1)
Go up, scrape the sky
Fall back down and stir the mud
Liquidity hunt
#haiku

Maybe this time my attack of your haiku contents will play out MOAR better in my favor.. .. so here "we" go..

I agree that if we end up getting some kind of a blow off top, then the downs and the UPs will end up extreme, and surely some would assert that our most recent move from $69k to $94k was such a magnitude that it requires a great correction, yet our "great correction" does not seem to be happening, and I am not sure if the non-happening of the great correction comes from MSTR buying $4billion-ish puts too much of a floor on the correction, or if something else might be happening in regards to our previous suppressed prices that happens to have had been coinciding with decently ongoing increased absorption of more and more of the bitcoin supply by the BTC spot ETFs and other various related contagions in regards to the sign that bitcoin needs to be added to the investment portfolios of normies, and extending to institutions and governments.

We seem to agree in that blow off tops are likely to not stop taking place, yet in the last year-ish, we have gone from $26k-ish to our current BTC prices, yet we have hardly had any significant or meaningful correction to really contribute towards an assessment of any kind of large and/or meaningful BTC price correction.