Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4209. (Read 26714890 times)

Right...  And I would agree we probably have more to come.  But this is a nice looking little V shaped skirmish.  Which I understand was your original point.

the human mind has a tendency to look for patterns, even when there are none.
heart attacks in sportsmen has been an issue for a long time.
here's a rudimentary list of notable sportsmen having sudden cardiac death by the age of 40:
https://en.wikipedia.org/wiki/Sudden_cardiac_death_of_athletes#Notable_cases
note that the list goes back as far as 1906.

a paper written by the guys from American College of Cardiology in 2016 (https://www.acc.org/latest-in-cardiology/articles/2016/06/28/07/06/sports-participation-and-sudden-cardiac-arrest) reads:

Bearish is simply going deeper into the accumulation / support zone around $36K-38K, again nothing to panic about, even if some people will have something to cry about 
I'm far from calling a bottom here, price is still looking to make lower lows, but seeing a significant reaction as price enters support is a reassuring sign at least.
Lowest Weekly close in 6 months is definitely not a bullish sign by any means, but recent price action shows accumulation is coming imo.

Explanation

It sort of seems like the weekend action was a warmup.

But if this is bullish I would not want to see bearish.  But I get what you are saying.

Keep in mind that the day has started with news about internet being (partly) restored in Kazakhstan.
Although there was little to no effect on global hash rate (despite the loud news on the matter), it may be a new (reversal) signal for somebody...

Bears: "Now is our chance to breach 40K."

40K:

Finally some serious bullish volume and buying pressure has arrived. Even if only 1hr chart, it's the highest green volume candle Bitcoin has seen in a long-time  



So far (on smaller time-frames) it looks like $40K level is due to hold, given that the $40K to $46K (no support area) has now been successfully covered   🥳

I was a lot more concerned in the 80's when everyone knew we were six minutes from annihilation at any time due to the friendly SSBM Boomer off the coast of NYC. That was low grade stress.

This... eh. We also had to deal with 18% inflation at the time and we managed. The real suck was stagflation, when wages did nothing and prices just zipped on up.

Oh noes! It's hit 39k! Start burning the village!

Oh wait, back over 40k, save the village.

Y'all think it's a good time to short BTC now ? looks like 30k is inevitable at this point
a quick bounce can fuck you up if you use too much leverage tho

Oops ...

Interesting Times...

Here take my last.

Hi Bitcoiners! Missed my shitpost? Oh, I am sorry. I was on vacation and enjoyed it a lot. I Hope LFC_Bitcoin didn't join KFC yet. C'mon bro, get up. Be ready.

I bought it in DIP 😁
But, it's keep dipping 😅

Explanation

I would be glad for you to be right, and him to be chicken little.

One thing still bugs me though.  I am NOT a doom and gloom bear.  In fact I am an optimist to a fault.  But I have always seen a little farther down the road than most people.  I would assume that is true of many here.  In my older age I am making a little money because of it, and keeping my family safer.

In DEC/JAN 19/20 I was telling a guy I work with that there was a pandemic on the way, but the scary thing would not be the disease (hopefully) as much as the second order effects.  I bet if I were not lazy I could find a post here from around that time saying basically that.  What I saw as the second order effects were things like financial system collapse... small businesses going away, and supply chain disruption.  That type of thing.

But recently I have been realizing that is just the tip of the iceberg.  I was also generically worried about war... but I did not exactly see how we get there.  Thing is now that's becoming a little more clear to me.

I will share just one little realization that has been haunting the f&*$ out of me over the weekend.

IF we continue to keep seeing footballers, and tennis players having heart attacks on TV, and more of us have friends taken out randomly by heart attacks and strokes eventually the genie will be all the way out of the bottle.  I think we are already there.  It's just a matter of how bad does it get.

People on one political side are calling for the Nuremberg code to be invoked.  Well if it turns out those people are right.  This event will cause THE BIGGEST setback for modern medicine in our lives for sure.  MRNA tech could be the delivery mechanism that leads to a cure for most cancers.

But it will be decades... many decades before people trust medicine, pharmaceuticals, the media and governments again.  And some people who are not fans of these things might say "Good let em burn". And in some ways I am one of them.  But the cost will be great.  Not only in the lives of people who were led to their own deaths by a machine chanting "trust the science" (a phrase that is a perfect distillation of the OPPOSITE of science).  But more will die waiting for that cure for cancer that may also be coming later because the the destroyed trust in out systems, and institutions.

Not to mention the inevitable war we will see...

I am probably a worse bear in this regard than Celente.

I'm at work so will only answer that for now. You're much further along the line than me so I understand your POV, and when it will be time for me to sell BTC (or just spend, by then...) then of course looking at the tops isn't a good idea. Up to now and without having thought about it much my "ideal plan" would be to have at least one year, or better 2-3 years of fiat tucked away, to never sell/spend BTC when it's down. With the idea of living within reasonable means.

It's also possible that by then there are reputable/regulated "crypto banks" where one could put part of ones' stash and get a good, regular fiat return on it. If fiat is still in use.

Gerald Celente has been an uber bear for ever, I don't find him credible.