Well I certainly hope that orbit23 didn't do something stupid on the way out... like buy Bitcoin. Because we're all sunk now if he did. Can't get around Murphy's Law you know...
Yeah this is looking weak. If we don't break out to ath's soon I will be looking for a retrace back to low 50's over the next 3-6 months to complete the double correction. A push to 70k still in play, but see if there is any follow through...
low 50k's for bitcoin will not happen at this stage of the bull market, dude, btc has been going up at least $1k every day for the past week, haven't you been paying attention? I have to keep reminding you every time you say it that you are wrong You are wrong, play the powerball, you have a better chance than bitcoin hitting low 50's
J you are running on hopium. Your whole prediction is based on Uptober. Remember the retracement from the original rally in 2021 from 69k to 17k started in late Oct so maybe the term should be downtober. What stage of the bull market? The bull market started more than a year ago...we are consolidating now. $1000 every day lol...look at the chart, this move from 60-67k (which I called btw) is not even the biggest daily bull candle...not even top 5 since we started consolidating. Also, in every previous rally the low was tested at least twice, we haven't tested the low of 49k once yet. Or look at the monthly macd/rsi. Does this look bullish to you? We have divergence...this rally is a lot weaker than the original rally. Bitcoin hasn't done a double big mac yet, so a lot of technical norms would have to be broken for this to surge from here. (no the C&H is not lost on me, I just think the handle might not be finished forming yet)
It's official, I'm renaming eliottt wave to ediott wave I cannot believe you are this clueless on what part of the bull market cycle we are in, waxy, how did you even get your lambo?? you're comparing 2021 to 2024, you cannot be that ignorant, I'm no TA expert but wow, you just suck at TA, must be an overdose of ediott wave cultist belief you have Let's start with the basics, halving years are 2012, 2016, 2020 and now 2024, this year is a halving year, got it???? 3 up years, 1 down year, even johnny-come-lately-Blackrock understands this, why don't you, waxy? And check this out on what happens the year after the halving year, you understand now, waxy????
First of all you are assuming Blackrock knows more than me when it comes to projecting future price. If they did, they would be driving around in (2008) Lambos as well. Secondly, you are comparing this year to past years as well! lol. It doesn't take a technical genius to know we are headed to 100k!...it does take one to get the timing right.
I compared 2024 to previous bitcoin halving years, you can check it out yourself, seems the pattern is similar 2020 and 2016, respectively Q4, Oct-Dec very bullish, I already said $100k/btc before eoy 2024 2025 is the year after halving year, parabolic peak ath >300-1000% if we're starting 2025 over $100k, we're looking at a peak ath of over $300k to maybe $1M/btc If we don't fuck this bull market cycle up, we can help our struggling families and friends, and hodl enough bitcoin for generational wealth Lambos and Teslas will be provided, as well I don't have anything against trading, but step back and look at the forest from trees, waxy, make sure you have as much bitcoin as possible for hodl long term, NOT FINANCIAL ADVICE FOR ENTERTAINMENT PURPOSES ONLY,