Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4367. (Read 26711601 times)

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Damn i'm good !
and heres Joebob son of Billy Joebob" "grandfatherof Jimmy Joe BillyBob cousin of Johnny Joe Billy Jimbo Bob"

I don't think there's something off with my discussion at all, but other investors who are now considering these exact concepts, no doubt the ones from the past 10 months in the $30K-70K range, particularly around $40-$50K I imagine. For example those who don't want to see price drop to $20K or $10K or "I have no idea how far price could drop pls help me sir" type price range. I see very little chance of it, but many are fearful of a bear market right now, without any idea how far price could drop, or any data to suggest such a theory. Many aren't even sure if this is still a bull market, as have very little grasp of being able to identify long-term bull vs bear. After all, they only know what a bull market looks like, and don't really understand the idea that price could re-test support, which it has. Like $30K and $40K all over again basically.

This is why I can see price taking a little longer than usual to recover, due to the current price structure (or time structure I should say). Many are fearful of the market right now, most of these are newbies who don't even know whether they should be buying, selling or hodling. Longer-term investors know there is no rush in these conditions, and simply take cheap Bitcoin as it comes back down to support.

I mean look at Billy for example, he's still waiting for $10K or whatever, and the reality is he's not the only one.


Not sure where you heard me thinking that dropping below $46K would meaning creating lower prices than $30K, you must have me mistaken with those newer investors I referenced  

As I've stated before, can't be bothered to quote, closing below key support would provide a good argument that the bull market is over, for now, and that given price is in a trading range of $30-70K, it's most likely to stay there - maybe for another year. Not something I've really considered as that likely either, or necessarily that worrying, although sure anything is possible.

Explanation

There's something off with your discussion of the possibilities of retesting $10k or $20k.. and gosh you might even come off as a bit bonkers to be suggesting that retesting of $30k has any kind of realistic chances.. been there done that, and that ship has sailed.

Sure, I know that anything can happen, but it seems that quite a bit of attention is being given to such highly unlikely scenarios.. and sure even you are saying that going below $46k could put some of those scenarios back into play.. but to me it seems that we would surely need pretty black swan events to be visiting $10k or $20k and we might even need a black swan event to get down to $30k-- even though of course, $30k has some kinds of outrageousness possibilities (maybe less than 15% odds?) that are quite a bit higher than $10k or $20k which seem to be less than 1.5% or 3% odds respectively..

into a cup or two sailor...running with the wind...all sail aloft smartly and ease the mains as we come into it

Carry on

Need some whales to wake up. Very little volume needed to get this rocket to IGNITE

Captain, you back? Waiting for next address. Steady as she goes.

*BeeGee's 'Staying Alive' blasting*

uuughhhh...$51k back

yeah baby...yeah!

My thoughts exactly, the next 24 hours have almost become irrelevant now price is back above $50K. As long as $46K-68K holds as support, which I imagine it will, it's all fine.
End of the week looks more relevant now, ideally the open at $49.5K holds as support, in between is just intra-week noise for panic sellers to get busy and to frustrate traders.
The previous 24 hours were quite relevant though, found support from support for the third time. Looks like a pattern now with support confirmed. Ironic huh.



The 0.236 retracement from ATH to local low even lines up nicely with the VPVR point of control, how convenient.
The next 24 hours only looks critical for day traders, as to whether support will get re-tested again or not.
Price has better support with trading volume & long-term MA than $40K did in September, that's for sure.
Maybe $48K even get's re-tested again next week, just for people who can't handle a bit of fear.
+ finally some bullish volume, at least that sell-off was good for something...

Vlad, vlad, this is your buddy Joey.



Oh, Mister election stealer. At least here in mother Russia we don't pretend to run fair elections!
Ah ha ha, how's it going old man?



Pretty good Vlad, I'm pumping iron, know what I'm saying?



Aren't you a little too old for that?



Listen Vlad, let's forget all this Ukraine business. I'm looking at a photo of you shirtless riding a horse. Can we do that together?



Really? Well ok, but you gotta bring your own horse.



Hmmm. Own horse eh?



HEY, what the hell?!

followed with a pizzia and some nice chianti

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maybe buddy is hungry. I should make him a veal parmigiana hero with a side salad.

Yeah but honestly they are not critical really  

The next 24 hrs are critical.

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