Exactly my thoughts. It's hard to be bullish as of now, world is about to enter recession.

https://www.bloomberg.com/opinion/articles/2022-04-14/psychedelics-stocks-like-atai-life-sciences-are-having-a-bad-psilocybin-trip


These guys struggling to make money selling drugs.....


*A mushroom therapy session costs $3000.....

* "Another impediment, somewhat ironically, is the drugs’ potential efficacy. If a couple of psilocybin trips heal a patient, how will a pharma industry accustomed to repeat prescriptions make money?"


lol

3W, S&P and the Stoch RSI K has touched only three times since 2008, including the recent one in Feb of 2022.
What happens when it touches the zero? Price goes up a bit and fall more before a new bull run starts.
Are we expecting something different this time  


Edit: He changed the default Stoch RSI settings.

https://twitter.com/AurelienOhayon/status/1516115802893783052

That dip under $40K didn't last long.  You can see that there's demand waiting to buy the dips now and the floor keeps rising.  I'm a bit surprised with all the Do Kwon buying along with Saylor out doing his promo thing we're still seeing Bitcoin's price decline in the short term.  I thought Do Kwon was going to carry us above $50,000 and then that might set off a wave of FOMO that would push us back towards the highs.  It seems people are being smarter about their purchases now, which has me thinking that maybe retail investors have run out of speculative funds to throw into crypto and we're now seeing large funds looking to scoop up deals as opposed to retail buyers FOMO'ing the price to overvalued levels.  I'd feel pretty good about buying in with the big boys under $40K here, even though cyclically we should be seeing a downturn in price at this point in time.

Or cycles no longer apply due to smaller mining block rewards and less fees for miners due to LN network.

Time will tell if this is simply 2018  before the hash rise price drop 9 month pattern that turned up.

Nah.
Nice to see you try to tackle the Greek language.

As an added thought, your quants would feel right at home if they were programmed in Greek. #just.saying



Wait. I was only referring to the daunting “walls of text” - in my usual personal style - insulting n all.



I make sure to feed all my pets on the WO. That includes you too.



What weakness? You are not Turing certified yet, yo.

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Good thing it was “crypto” and not Bitcoin.

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+3 WO’s merit.

Arrie would like to have a word with you.

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Repent and you just might.
Never too late, but you will have to say you’re sorry - and really mean it.



Just when I thought that your Nazi propaganda could not get any worse.
Come on, show us your true colours.

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It’s called a halving for a reason ya know.
Block reward is always half of what it used to be in the cycle prior to the halving.

Elementary math philp, it’s what drives the price. BTW, LN has no real future - centralised junk that it is.
But enough about that - let’s talk about rainbows and unicorns instead, and what ever you do - please don’t tilt.

If/when the 200-Week MA indicator is touched, it will be the third time in Bitcoin's 13-year-long history.

1st touch: 3-Sep-2015 (200-Week MA: $234, Spot: $231)
2nd touch: 12-Mar-2020 (200-Week MA: $5488, Spot: $5143)

There was one more time that the 200-Week MA was almost touched: 14-Feb-2019 (200-Week MA: $3319 Spot: $3583). This, together with the 2021 ATHs could be seen as evidence to support the bearish scenario described below.

Touching the 200-Week MA indicator is a rare event, which, based on past historical data, appears to possess some useful properties:

1. Periodicity — Its occurrence correlates with Bitcoin's 4-year Halving cycle. Specifically, it appears to occur some months before Halving.
2. Correlation with ATH — ATHs tend to occur about 2 years after the 200-Week MA touch events.

Bullish scenario — Based on the dates of the above 200-Week MA touch events, the ATH associated with the 2nd touch may not have occurred yet (the 2021 ATHs happened too soon and for odd reasons, and do not quite satisfy the 2nd property above). In fact, according to the 2nd property, the next ATH should come around this time (1st half of 2022). It is possible that this has not yet happened due to the COVID-19 pandemic, the war in Ukraine and other world events. Based on the above, it is reasonable to expect the next ATH to occur sometime in 2022.

Bearish scenario — If what Jay describes as a possibility in the quote above actually happens, i.e., that the 200-Week MA is touched before we get another ATH, then this would shift upcoming events further into the future, by treating the 2021 ATHs as the main ATH events of this cycle. Specifically, the next 200-Week MA touch event should occur sometime in late 2023 (say, 6 months before the Halving of March 2024—property 1), followed by the upcoming ATH, which should occur around 2 years later (property 2). This gives us an expected ATH date of late 2025.

Without disregarding the bearish scenario, I'm more inclined to place my bets on the bullish scenario, given that we are still somewhat early in the 4-year cycle, and lots of things are happening in the world that could be putting a downward pressure on price, and thus inserting a time lag in the upcoming price action events. However, anything is possible, really, and we could be in for a long wait to reach ATH and beyond. Regardless, I'm not worried at all. It's not an IF, but a WHEN, and it will certainly happen "soon" in a monetary investment timescale.

GTCTTWW — HoDL.

[Numerical Data Source] LookIntoBitcoin — 200 Week Moving Average Heatmap