What's happening now is exactly like 2017, I member. We are on for $100k April now confirmed!
tell us, Hhampuz, in what part of 2017 are we because a lot happened in 2017 and there are various parts that are somewhat different from other parts, even if the parts can be chronologically strung together.
Eek. If my line is right... we are in for some rough waters...
*edit* On the daily we are still good... barely.
Stop doing whatever it is you're doing! You're making Bitcoin fall!
edit: it looks like that line you drew might be support again. Seems to be oscillating over it.
edit2: shit. Anyway, I wont be able to watch - I have to go to work
Well all my silly lines are busted... but now we are bouncing off the way more important 50dma. So if it breaks under that it ain't my fault!
Well, and I REALLY do not
want to see it break under that one... :/
I just checked with bitcoin, and s/he/it is considering what you want. You will hear back later, aka soon.
tm Tomorrow this Contract Will Expire for 6.1 Billion Bitcoin Option and EXPIRY FAVORS BULLISH TRADERS
It clearly means there are lot more traders with LONG Positions and Whenever this happens we see Sudden DIP IN Bitcoin and this is exactly what is happening as whales make money always by moving the market against the market .
So i believe there is nothing to be worried for even if we see BTC to break $50000 mark today as it will just be done to liquidate most of Positions . AND THEN WE WILL SEE IT MOVING UP AGAIN .
Quoted from Wise advice channel.
I have been thinking similar things, and it is not like the ONLY way is down in order to achieve some kind of end of the month or end of the quarter aspirations of bearwhales, when there could be developments and incentives to reck the bearwhales by doing the opposite of what some might expect.. .
And, sure part of a price movement could be to move against the various bets in the opposite direction, but then again there still could be enough fuel for going in either direction and it will not always be clear from us mere lay people regarding the path of least resistance - because we do not necessarily know how much capital one side or another might be willing to spend in order to try to get their way.
So, yeah this theory about BTC prices in March closing lower than the opening price of $45,262 still has another more than 6.7k to go in order to achieve such objective with current BTC prices hovering around $52,000.. and yeah, there are still nearly 6 days until the close of the month/quarter to see what is going to happen in that direction. Getting a 5% to 20% price move in 6 days is not really outrageous, but still since we are already down around 16% from the March 13 $61,782 top, going an additional 15% down from here would NOT be far from inevitable.. and surely not outside of the range of reasonable (within striking distance), even though seemingly far from inevitable - especially from the perspective of this cat.
By the way, some of the folks asserting never below $50k again in the past couple of weeks, might be biting their nails at this time (with our current recent low of $50,360 - around 8 hours ago), even though it seems a bit too absolutist to be proclaiming that we will never go below a price (of $50k) that we had just visited around two weeks earlier and hardly even gotten 20% distance away from such recent price.. but hey, peeps going to make their sorcery proclamations hoping that at some point they are going to end up being correct.
Some may recall a few weeks ago that I was slightly more inclined towards short-term UPpity.. maybe even gravitating into the quite bullish territory of 54%-ish.. but surely with recent developments of a price correction that has been slightly greater than 15% but still kind of hovering in a 15% correction arena, I have likely gravitated to a more neutral feelings
(to the extent that feelings matter?) (once again) with current ponderings about how great confidence could come from either short-term BTC price direction to deviate very much beyond 50/50 in these
"troubling", yeah right? times?
[edited out]
I concur with your analysys, to the point of asking "At what time is expiry?"
Gotta love persistence.
#nohomo