We had a HL and held support band for 4 weeks straight. We put in a higher high over the next month (assuming equities remain stable)
We need a poll in the poll thread. Let the people decide
You play TF2 HighLander too dude?
We have completely different ways of looking at things.
Future will show who is right or wrong.
I will wait how next 22 hours will play out to make my decision.
It will retrace to 45k- 46.5k today/tomorrow. We could push 50-51k next week. Then dump to 36-37k.
Horse slut
uh oh guys the dude who has sex with horses says bitcoin is going down
God this is so funny
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I'm pretty sure he had buy orders for more shorts at these prices so he's about to lose those too
Idk if he thinks price action works by just bouncing off lines or what but it's not how it works
He said some unbelievably dumb shit about hedge funds wanting the price to do something like what the fuck do you mean dude
Markets are full of hundreds of thousands of unique participants all trying to make money. Dumb people attach narratives to these people and think that an individual entity or group of entities have any real long term control over the markers.
As soon as you say something like "they want the price to go down" you are outing yourself as someone with the mental capacities of a 9 year old trying to abstract millions of individual decisions into a narrative that you can understand. There is little to no "manipulation". There are not giant groups working together to drive the price. There are only individual people making independent decisions and any patterns to be gleamed from these decisions are more of a fractal of the nature of humanity rather than some bullshit narrative your impotent brain has concocted
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Like go fuck yourself guy
Anyway the thesis is a higher high here. Very little buyside risk at this price if you think that'll happen. Even if we only put in a ~57k in a few weeks from now, a higher low would probably put us around the current price.
Wicks could hit as low as 45-46k as these are the prices which the support band should be around in about a month. However, historically we only have a few tests of support before going parabolic, then what follows is a large pull back.
I think it's more likely we just go up for 4-6 weeks before a brief 1-2 week pullback, then repeat until some swan event nukes us to 70k
Q1 of whatever the next year is will likely see a peak of 150k-200k
I love fat fucks talking shit on internet