Explanation
Chartbuddy thanks talkimg.com
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 463. (Read 26466228 times)
May 02, 2024, 05:01:16 AM
May 02, 2024, 04:33:29 AM
As I said, predictable.
Soaring to new highs in the next year or so is just as predictable.
To be frank, I don`t want to bother about the dip because I see it distracting to me in accumulating more bitcoin, I was made to realised waiting for the dip dumb especially when i haven`t gotten anywhere in my bitcoin holdings, I will just buy now and anytime because I know one thing that is predictable in bitcoin is that, bitcoin will continue to raise with timeSoaring to new highs in the next year or so is just as predictable.
Over the last decade, this market has become all too predictable.
The whales now are gunning for sub 50K, and they will eventually crash it down below that.
Why sub 50K?
Because if you look at the chart, that's where they started seriously pumping the market with heavy leverage on 2/25.
They always short it back down to where they started. Dumping into their own (fake) buy walls.
It's all an effort to get weak hands to shit their pants and sell, and to knock stupid guppy day tarders out of their long positions.
Easy problem to solve tho, just HODL.
The whales now are gunning for sub 50K, and they will eventually crash it down below that.
Why sub 50K?
Because if you look at the chart, that's where they started seriously pumping the market with heavy leverage on 2/25.
They always short it back down to where they started. Dumping into their own (fake) buy walls.
It's all an effort to get weak hands to shit their pants and sell, and to knock stupid guppy day tarders out of their long positions.
Easy problem to solve tho, just HODL.
that would match the chart pattern of May-July 2016. Back then, we shortly went under the 21 weekly EMA which would correspond to 47k this time. Sure, we hadn't reached an ATH at that time, but we also hadn't had such a ridiculous inflation.
May 02, 2024, 04:01:13 AM
May 02, 2024, 03:01:13 AM
May 02, 2024, 02:06:22 AM
Morning cofee a little more bitter these mornings...
Hopefully the right people are grabbing there chances as we are at cheaper prices.
Keep stacking.
Hopefully the right people are grabbing there chances as we are at cheaper prices.
Keep stacking.
May 02, 2024, 02:01:15 AM
May 02, 2024, 01:53:43 AM
Nice to see CB back, with that said FU CB!
While I'm at it FU JJG.
#Thursday
While I'm at it FU JJG.
#Thursday
May 02, 2024, 01:01:15 AM
May 02, 2024, 12:01:14 AM
May 01, 2024, 11:01:16 PM
May 01, 2024, 10:25:19 PM
The recent halving took place and shortly after, we are witnessing a 10% drop in the price of Bitcoin.
So, is there any truth to the comment about the "predictable post-halving dip"? Let's take a look at the historical price action of Bitcoin following previous halving events:
First halving: November 28, 2012 - The mining reward decreased from 50 BTC to 25 BTC per block. Bitcoin's price at the time was around $12.20. Indeed, in the months following the halving, the price of Bitcoin dipped, falling to around $6-7 by the end of November 2012. However, by the end of 2013, the price had skyrocketed to almost $1,000.
Second halving: July 9, 2016 - The mining reward was reduced from 25 BTC to 12.5 BTC per block. Bitcoin's price stood at approximately $640 at the time of the halving. Once again, a temporary decline occurred, with the price dropping to around $550 by the end of July. But by July 2017, Bitcoin's price had soared to $2,550.
Third halving: May 11, 2020 - The mining reward was halved from 12.5 BTC to 6.25 BTC per block. Bitcoin's price was around $8,750 at the time of the halving. A similar pattern emerged, with the price dipping to about $8,600 by the end of May. However, by April 2021, Bitcoin had reached a new all-time high of over $64,000.
Now, following the fourth halving in March 2024, we have witnessed another price drop of 10%, as mentioned earlier.
Based on this historical context, it seems that the comment about the "predictable post-halving dip" holds some weight!!
So, is there any truth to the comment about the "predictable post-halving dip"? Let's take a look at the historical price action of Bitcoin following previous halving events:
First halving: November 28, 2012 - The mining reward decreased from 50 BTC to 25 BTC per block. Bitcoin's price at the time was around $12.20. Indeed, in the months following the halving, the price of Bitcoin dipped, falling to around $6-7 by the end of November 2012. However, by the end of 2013, the price had skyrocketed to almost $1,000.
Second halving: July 9, 2016 - The mining reward was reduced from 25 BTC to 12.5 BTC per block. Bitcoin's price stood at approximately $640 at the time of the halving. Once again, a temporary decline occurred, with the price dropping to around $550 by the end of July. But by July 2017, Bitcoin's price had soared to $2,550.
Third halving: May 11, 2020 - The mining reward was halved from 12.5 BTC to 6.25 BTC per block. Bitcoin's price was around $8,750 at the time of the halving. A similar pattern emerged, with the price dipping to about $8,600 by the end of May. However, by April 2021, Bitcoin had reached a new all-time high of over $64,000.
Now, following the fourth halving in March 2024, we have witnessed another price drop of 10%, as mentioned earlier.
Based on this historical context, it seems that the comment about the "predictable post-halving dip" holds some weight!!
As I said, predictable.
Soaring to new highs in the next year or so is just as predictable.
May 01, 2024, 10:20:44 PM
May 01, 2024, 10:01:18 PM
May 01, 2024, 09:01:15 PM
May 01, 2024, 08:53:05 PM
it was just a good day to stack more corn.
May 01, 2024, 08:50:08 PM
Over the last decade, this market has become all too predictable.
The whales now are gunning for sub 50K, and they will eventually crash it down below that.
Why sub 50K?
Because if you look at the chart, that's where they started seriously pumping the market with heavy leverage on 2/25.
They always short it back down to where they started. Dumping into their own (fake) buy walls.
It's all an effort to get weak hands to shit their pants and sell, and to knock stupid guppy day tarders out of their long positions.
Easy problem to solve tho, just HODL.
The whales now are gunning for sub 50K, and they will eventually crash it down below that.
Why sub 50K?
Because if you look at the chart, that's where they started seriously pumping the market with heavy leverage on 2/25.
They always short it back down to where they started. Dumping into their own (fake) buy walls.
It's all an effort to get weak hands to shit their pants and sell, and to knock stupid guppy day tarders out of their long positions.
Easy problem to solve tho, just HODL.
that would match the chart pattern of May-July 2016. Back then, we shortly went under the 21 weekly EMA which would correspond to 47k this time. Sure, we hadn't reached an ATH at that time, but we also hadn't had such a ridiculous inflation.
May 01, 2024, 08:27:34 PM
. May 01, 2024, 08:01:19 PM
May 01, 2024, 07:47:58 PM
May 01, 2024, 07:35:59 PM
Interesting. Thanks for sharing.
How is the return level based? I didn't see any indication on the website about this.
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