Here they agree with me...calling 2024 the worst ever since any halving! https://unchainedcrypto.com/bitcoins-post-halving-price-performance-so-far-is-worst-ever/#:~:text=In all previous halving years,period, from $638.19 to $720.97
Uptober, Moonvember, Bullcember 2016, 2020 and now 2024 Why would 2024 be any different? I guess there is something that Shroedinger's waxy is right kudos hooray will be wrong, if we stay in the range of 56k to 73k and if Moonvember is green as well as Bullcember is green I'll take it, you will be wrong on Moonvember and Bullcember being red, not either one, both will be green, I'm calling it against your red prognostication
Bitcoin’s Post-Halving Price Performance So Far Is Worst Ever https://unchainedcrypto.com/bitcoins-post-halving-price-performance-so-far-is-worst-ever/#:~:text=In all previous halving years,period, from $638.19 to $720.97
Yes, but we're now Uptober of this halving year and you did see the chart on comes next? Anyway, we shall see the next 3 months, who will be right, right waxy? Did you even read the article was written in August and we're now Uptober and above $68k, BWAHAHAHAHAHAHAHAH
Short term options are very difficult, but I do wish you make lots of profits on your calls --------------- I was referring to this one where you filled in the Oct - Dec 2024
I don't mind looking at technicals myself, but you have to remember, all of these numbers are just a derivative of price. Its not a completely diffrent value that you bring in. Its not like looking at the economy, and then being able to add in other metrics like unemployment, which would be a completely different variable than GDP. So if using RSI or MACD, because all of these value come from price, they can only tell you so much in my opinion. Furthermore, just because an indicator says one thing, it will have no effect on people buying bitcoin. Sure, some funds or individuals may think its setting up for a sell, but if a wave of adopters wants to buy, nothing can change this. But looking at your own chart you post, this discrepancy is on display. If the first red box, you have RSI well extended, and yet price keeps rising. Your MACD was green, then went back down, and back up for another "hump", all while price was still rising. So if anything, if this repeats exactly like it did before, we are just getting started. When you say MACD is rounding, remember what this means. Its simply that the calculation based on the previous prices is giving a certain result because of the formula. I do find it interesting how often RSI and MACD can suggest a turn, but you also have to remember how often it is wrong. And I say "wrong" loosely because its only a calculation based on past prices. If my previous 3 jobs paid me $20 an hour, does this meant the next job is likely to pay $20 an hour? Sure, but what if its after I finished my graduate studies and I just got hired by Google?
I don't deal in overbought oversold...only divergence If you look at the raw data...this rally is underperforming previous rallies. See previous posts...also look at the volume...I don't much care about volume but the argument can be made that this is a low volume move ..atleast compared to before but btc is more expensive... Is volume like movie tickets? I mean ET sold the most tickets ever for a movie but it's not top of the box office because tickets were cheaper. Can volume be normalized? I know they did it with ET. So if you were tracking box office on ET and Titanic, Titanic would look like it was more popular when in fact it just cost more money to go see it... However, if you're tracking, just ticket sales ET comes out the winner.
We both know I had this pegged @68k70k 6 months before halving... And all of my double correction charts. We haven't even broke in the previous hi. Maybe you guys were surprised but I've been f****** roadmapping this thing.