Relief rally? Or trap before the next bigger dump?

Not really, think you might just be stuck in the past here. Volatility reached 14 month low and now is rebounding, unsurprisingly after the move to the downside. There is no information that is leading to this, neither is there a need for any information. Short traders would have been taking considerable profits, while others would have got squeezed or otherwise taken out of positions. Price was otherwise considerably oversold on the Daily chart, so whether the bounce came from $36K, $34K or $33K, today or last week, is somewhat irrelevant here, given it was due either way. Nothing ever goes up or down in a straight line.

Whether it's a dead cat bounce before returning to the lows (or new lows) remains to be seen, I think price action around $40K to $50K levels will give a clearer picture. It's just the first time we've seen a doji reversal candle like this (after some capitulation) for a while. Since August or June last year roughly. Maybe you just forgot what a rebound looks like  

Parallel channel of 12-month consolidation at highs is otherwise holding as support, at key volume support. Nothing that 2-3 months of downside was going to change in a hurry:

*I* may have said something that could be interpreted that way.  It's be hard to steer clear of myself.  But there is a great deal of nuance there if I did.

The sad ruined frog-person who founded Twetch blamed his failure on Calvin and Craig by saying "The tech works, but brand is everything".

And I think he is missing the elephant in the room.  Because there is no doubt that those two are a major negative for BSV.  I believe both of them to be different sorts of frauds.  But the fundamental issue is running TWITTER on an immutable database that aims to add more than a whole hard drive per day will end up being run by a centralized group of people, and then those people can conspire to wreck a business like Twetch.  I have watched this drama unfold.  And I do not know all the details.  But it is certain that this guy is on the outs with C&C, and they were pushing him out of the "BSV community".

But ultimately I think storing a bunch of shitposts on an immutable database is a HUGE ASS fundamental error.  And blaming your failure on a couple d-bags is missing the point.  It has nothing to do with brand... it is missing the point of what a blochain is for and ignoring that 16 nodes is not decentralized anymore.  C&C aim to get a court order to take Satoshi's coins... lol.  The chain has to be centralized to even do that.

Probably nothing.



https://twitter.com/woonomic/status/1485677497971019777

I think I just made the biggest decision of my life. I have converted nearly all my savings in fiat that I have amounted over my life time and invested all of it into Bitcoin @ around $36,850. I am in a weird place now because I know it is the right decision and I have confidence in my decision but I am shaking all over the place. I have kept some emergency fund in my personal bank and if any other unexpected costs arise I will be prepared to take out what is required again from my Bitcoin fund.

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