Here's what I'm pulling out of my ass: if the day ends with the 1D candle in green territory and if tomorrow we also get another green candle, then choo choo is more likely than trainwreck.
Nevertheless: every day that passes with btcusd over 800 makes this new price range generally accepted and hence a return to the 500's less likely. In which case I'd kinda feel sorry for rpietila because he has made some great contributions to the forum. While being happy for myself of course
Nevertheless: every day that passes with btcusd over 800 makes this new price range generally accepted and hence a return to the 500's less likely. In which case I'd kinda feel sorry for rpietila because he has made some great contributions to the forum. While being happy for myself of course
I don't think so. I see it more psychological. Bitcoin had masterd this high raising with euphoria, nearly mania, taking down any wall.
From day to day the value descends only a bit it will will feel more depressive, more bearish. The denial is lower every day. It's not impossible to break out, but very, very hard.
The acceptance of 800+ is not good. Next week you will write:
Quote
" every day that passes with btcusd over 750 makes this new price range generally accepted..."
Perhaps you are not recognizing, but this is the beginning of bearish thinking.
The price will fall if there will not be a new euphoria. This euphoria can come from GREAT NEWS for example.
Or we have to blow off and take another attempt. There's no need to be scared of an Blow-Off. It would not be the end, just a new beginning.
From 500,00$ to 5000,00$ ore more.
BTW. I'm no bear neither bull.
