OK, enough banter for now. Let's talk some business.
The sentiment is that badger is coiling, ready to jump at that delicious hive that looks full of honey up that tree.
I have a fixation with "macro" numbers right now: questions such as the following.
1. "Could 1b USDT 'fix' the daily RSI?"
2. "Over how many days should this money be spread upon?"
3. "How many coins would someone have to sell to push the price down to 50k?".
The reason for this fixation is that I think these instadumps are just whales maneuvering. They want to sweep the leveraged longs so they profit moar with the impending leg up. I'm thinking of a smallish leg, not a 2x. Something around 70k.
My point of view at the moment is all qualitative feeling: there's no serious analysis behind it. Some guy whose analysis I trust said it looks to be floating upwards, but there won't be a real breakout as long as the daily RSI doesn't break out of a downward channel entered in January. Some other guy says it's too expensive and/or risky for any rational actor to bring the price below ~49k: Saylors etc. would swallow the corn in one or two bites.
These "serious" bits of analysis are more quantitative and look better than my qualitative SOMA ramblings. So a few approx numbers from our resident wizards could reinforce my theory or make me throw it away. I know the questions aren't easy, or maybe even interesting enough, but the WO gathers some of the smartest OGs. So - any takers?
Personally, I was about to give you a merit, but it seems to me that you asked too many questions, and surely you would be capable of doing further analysis to answer your presented questions, at least with enough of a framework that may well stimulate further discussion.
So, for example, frequently in a work environment, if you are presenting information to the boss, and if the problem is complex, the boss is going to get pretty damned pissed off if he were to spend an hour reading over your presentation of the problem without having at least some kind of recommendation for a course forward in terms of how to address the problem. Surely, the boss will appreciate your presentation and analysis way more if you make a recommendation, even if he does not agree with your recommendation.
Also, if you have presented the facts and logic and analysis in a fairly complete way, the boss can end up taking credit for coming up with a solution for your whole presentation because of how well you outlined the problem. It's a long way of my saying that I am not going to attempt to answer your questions, and I am kind of in this place where I see that we are ongoingly in the UPPER end of the range, and sure at this particular moment (as I type at $50.5k), we are in a decent consolidation area, but part of the "problem", if you want to call it that, is that the BTC price keeps on gravitating back up to the upper end of the range.. $55k to $59k, so unless we do not make another ATH this month, seems to me to be a bit too early to be proclaiming that we are going down - even though the ongoing froth in the shitcoin space seems to be contributing to even more frustrations regarding trying to figure out what is happening exactly and what is likely to happen next.
1. "Could 1b USDT 'fix' the daily RSI?"
2. "Over how many days should this money be spread upon?"
3. "How many coins would someone have to sell to push the price down to 50k?".
My trusted analyst qualitatively hinted that I have too much focus on the short term.
Falling for FOMO am I? Where Lambo? Sh**, I should have bought doge...
Don't say those kinds of things.
Signs that you are breaking, and our current BTC price predicament surely does not seem to be nearly as "bad" as you seem to be making it out to be.