High highs and higher lows? 12 months of consolidation at higher levels? Probably nothing... apart from the structure of an uptrend of course. Just saying.



I don't think this price level is the real test, but simply where price is expected to bounce from whether we are to go lower or make new ATH in the long-term.
The real test will be around $50K, whether at the Weekly MAs price continues higher or get's rejected and makes the first macro lower high.

For reference sake, like this in 2018. Even if around 6 months too late, the long-term bearish MA crossover & rejection did eventually confirm the downtrend:



Failing to reach $50K in the mid-term, or failing to reclaim $40K, would be a very bearish sign however. This should go without saying.
Ie the longer price spends at support levels, and the more re-tests that occur, the weaker the support and bulls will become.

Am otherwise seeing some similarities of price strength with 2019, with 3D RSI now oversold similar to the March Covid crash:



Based on the Daily RSI, price can certainly go lower (-20%) now that it's strength as reached a new oversold low. Same with the Weekly RSI that just turned bearish for the first time since March 2020.
While I'm anticipating a bounce from these mid $30K levels (since $46K broke) it will still be way too early to tell if the continuation of the uptrend will be immediate, or further consolidation is needed.
I otherwise consider that while price is in a bullish structure, the long-term uptrend ended after 12 months of consolidation and once $46K broke. Now to see if we can return to an uptrend.


Also thinking the shorter-term bear trend is nearing an end, or likely already over, after reaching the average trading price from the past year and accumulation zone at $34K.
Unless investors from the past 12 months are going to start selling at break even, in fear of $20K-$25K, traders are long gone with weak hands already flushed out.

Poetin wants to restore former glory of the Sovjet Union, the problem is Ukraine and the Baltic states don't want to be part ore annexed by communist cancer anymore so they seek help with the Western allies.

Drums of war increasing everyday, Moscow is continuing to build up its military forces for a possible invasion after negotiations isn't getting anywhere. High stake poker are played, Russia don't want Ukraine to be part of Nato.

U.S and European countries sending military support for Ukraine.

Military equipment deployed in Belarus, Russia's ally. Alexander Lukashenko is another dictator spreading terror among his own citizens. The rest of Eastern Europe hates Russia especially Poland, they will never forget what those communists did during/after WO2.

Sweden getting harassed, Russian submarines in their own territory, drones flying above nuclear plants, airports and even the royal palace in Stockholm. In response Sweden has moved more troops to Gotland island in the Baltic Sea. Majority of the parliament wants a membership of Nato military alliance but is holding back by left social democrats. Sweden has always been a neutral country that's why they are not part of Nato but if Poetin attacks one way ore another they will join.

But you should admit it you'd like to screw the shit out of that hot lady and her juicy round ass...  Haven't seen ur wife though, perhaps she's even hotter...

After all these years of securing power, bringing Russia out of its rut from the downfall of the Soviet Union, enriching himself to the level of a king. Why would Putin want to commit suicide by invading Ukraine? Yes he would not be happy about NATO gaining a foothold there, and I'm sure that is what he is trying to prevent, but starting a war would not only ensure that Ukraine becomes part of NATO, but also every other country in Europe, Scandinavia, etc. does as well.

I don't think Putin is that stupid. And Russia's current Military capability is nothing like those of the Soviet Union. And the Soviet Unions Military might was grossly overstated as well.

Hm. One problem with waiting is that each day of your life is another day gone forever that no amount of $$$ or BTC can ever bring back.

Another is that once you decide to do it there's a fair bit of prep work you need to do before launching into retirement or whatnot. Tax thoughts, personal thoughts, what you might want to do thoughts.

Might be good to just cash out enough for a few months, quit, and see how you like it. Worst case you get a better job. :-)

This is why I make low cost high risk high reward mining part of my mining ⛏ plans.

People still fantasise about some war, If no-one fights there is no war. Hitler made it mandatory to fight, same as politicians now, if people use some brain, that's it all done, war is won, sleep in the warm bed instead some wet, cold ditch some place far away and later built some railroad in a remote place freezing place

When cats and dogs are smarter than some people
https://youtu.be/akE2Sgg8hI8?t=14
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