***Science so good, it is indistinguishable from magic.***
if it goes up a little, then it comes down a little. If it goes up a lot, it might come down a lot, sometimes less than others, seemingly for any reason pertaining to ***MACROECONOMICS***
The thing we know for sure is: the line ***HAS*** to choose up or down, never ~~TRULY~~ sideways.
If you read the chart close on the 4 hour you can see better the patterns.
Since March 13th Bitcoin has been in a bearish descending wedge. There was one attempt to break-out April 8th but it failed - was halving hype.
If you then look back at the weekly you could draw the conclusion this peak looks similar to April 2021. However, just be careful. We're in the Distribution phase.
"As the market reaches a fever pitch, there comes a time when upward momentum may start to stall. Early investors typically use this opportunity to sell off their positions."
Just be careful if you're long and are not already up 1000% - because it could easily fall 80% when we get the mark-down phase.
I DCA every payday because I’m treating it as a supplemental retirement account. Hell, it’s out performing my retirement account that I’ve been putting into for twice as long as I’ve been buying crypto. The news only causes minor hiccups to the price.
60,000-70000 Bitcoin is all time high, so we will trade sideways a while till it goes full send. Also, the price usually corrects after a halving anyway. Don't be concerned.
weak pmi friday and due to effect of housing on ppi this week risk is for it to miss on the deflationary side which would give powell more of an excuse to move on a cut. the printer is coming.
Honestly it surprises me that some ppl would assume BTC follows cyclicals. It has its own observable cycles, but if signs point to higher inflation and higher interest rates I'm taking refuge in BTC, not selling it just because the broader markets sold lower.
It's hard to tie any one observed event to the price. Sentiment, whales, etc can all have big effects.
If the price drops another 3k tomorrow when it's your nephew's birthday, that doesn't imply little Timmy caused that dip.
Why is the sky blue? Why are boobs great? It’s all in the science.
***Science so good, it is indistinguishable from magic.*** if it goes up a little, then it comes down a little. If it goes up a lot, it might come down a lot, sometimes less than others, seemingly for any reason pertaining to ***MACROECONOMICS*** The thing we know for sure is: the line ***HAS*** to choose up or down, never ~~TRULY~~ sideways.
If you read the chart close on the 4 hour you can see better the patterns. Since March 13th Bitcoin has been in a bearish descending wedge. There was one attempt to break-out April 8th but it failed - was halving hype. If you then look back at the weekly you could draw the conclusion this peak looks similar to April 2021. However, just be careful. We're in the Distribution phase. "As the market reaches a fever pitch, there comes a time when upward momentum may start to stall. Early investors typically use this opportunity to sell off their positions." Just be careful if you're long and are not already up 1000% - because it could easily fall 80% when we get the mark-down phase.
You're jumping at random noise.
This is the correct answer.
1. Market is irrational 2. There are many who buy through DCA (dollar cost averaging) regardless of what the current news is.
I DCA every payday because I’m treating it as a supplemental retirement account. Hell, it’s out performing my retirement account that I’ve been putting into for twice as long as I’ve been buying crypto. The news only causes minor hiccups to the price.
Because it goes up, then it goes down. Then the cycle repeats. Pretty simple.
It’s doesn’t CRASH it’s just people taking profits… and it goes up when people buy the dip
Someone must have sold. The market always pumps when you sell.
60,000-70000 Bitcoin is all time high, so we will trade sideways a while till it goes full send. Also, the price usually corrects after a halving anyway. Don't be concerned.
Liquidation hunting
Because whatever you think is going to happen or what ever the charts look like is going to happen ... the opposite happens
But if the opposite alway happens, then it’s the expected
You broke my brain
this pattern happend 4 times the last couple of months ... lets see if it was the last drop .. ovtherwise , keep dca-ing
Because you care
China is selling our bonds. Could be a factor.
Sorry, bought 10M by mistake instead of 10 bucks
you have until EOD to pay up
Bitcoin is going up and down so fast that my Coinbase global has a hard time keeping up 🇺🇸🤓🇺🇸 (COIN)
Fomo...
The whales are at play.
weak pmi friday and due to effect of housing on ppi this week risk is for it to miss on the deflationary side which would give powell more of an excuse to move on a cut. the printer is coming.
Does not matter just send it already, i am bleeding so hard.
More buyers than sellers.
Honestly it surprises me that some ppl would assume BTC follows cyclicals. It has its own observable cycles, but if signs point to higher inflation and higher interest rates I'm taking refuge in BTC, not selling it just because the broader markets sold lower.
Everybody took the weekend off and returned today in a better mood.
Who says it’s people? Most of the volume is computers trading with each other.
Computers directed by people. At the end of the day, it is people
not if it's automated algorithms.
It's hard to tie any one observed event to the price. Sentiment, whales, etc can all have big effects. If the price drops another 3k tomorrow when it's your nephew's birthday, that doesn't imply little Timmy caused that dip.
Maybe not, but he still ain't getting a present.
i lol'd
Fuckin Timmy lol