I'd go for option 1. A relief rally to ~$40K levels with good potential for ~$30K levels to hold therefore. Notably once Bitcoin leaves <30 RSI "oversold" levels on Weekly time-frame, it doesn't return thereafter. Even with price often returning to similar closing price levels shortly after (so in this case around $29.5K), price historically has never made a new low after leaving these oversold conditions. For what that's worth.

Either the above or option 3, with a bit more downside in the following weeks to the anticipated 200 Week MA @ $22K. But this seems overly-anticipated right now imo. I otherwise don't think there's any real resistance between $32K and $40K levels. $34K would have been the theoretical resistance, but given it didn't act as support on the most recent way down, I doubt it would be resistance on the way back up either.

Despite thinking the bottom is either in, or close to it, I don't see a bull market this year at all. More likely consolidation between $30K and $60K. Similar to in 2019 when Bitcoin went from $3.2K to $14K and most were convinced that the bull market had started, until price re-tested $4K levels. Even ignoring that covid crash, price still took a year to consolidate back to the $10K levels, and had already dropped by 50%.

Think I mentioned it before but wouldn't be surprised to see price return to $50K to $60K by summer, before re-testing $30K again by the end of the year, maybe the 200 Week MA will be around this price by then. This is mainly due to Weekly moving average bearish cross-over which Bitcoin has always been very respectful of, ie showing that price is moving up too fast after a drop and needs more time to consolidate.

Also will give all the noobs the opportunity to buy high again after selling low, before price drops upto 50% and the bull market starts up again. Ie the usual recipe for another uptrend.

Apparently BTC's performance has given a good sign of raising the price (I hope it is so) and give more signs of continuing to rise, however the whales have absorbed the BTC that was dumped by some directions:




Source: https://ambcrypto.com/bitcoins-btc-pricing-model-has-this-to-say-about-its-short-term-prospects/

The short -term trend will always be a mystery, I think it is difficult to determine it, so far to rely with this type of analysis is a good hope.

Stay locked in your little echo chamber, no discussion, too may rules even if its just one. FFS you need to be able to pay a fucking LN invoice, what sort of crap qualification is that.

I love to hear from Proudhon, a most welcome and sarcastic perma bear, plus all the other individuals love them or hate them who make this place special, even fucking cryptotourist and the 3 coin beggar.

Hmm, still didn't get that kitty story, though it's not that important to me.
However, according to his (new) posting history, does he also qualify as the new mindrust?

Asking for a friend...  


So after a couple of google translated Emails, they wanted to replace all four glow plugs (for whatever reason), so i insisted to change only the one that broke on trial of its removal and finally wound itself and popped out of the cylinder head due to heat and vibrations at about 90mph. Luckily it's one of the two without included pressure sensor, which reduces the cost to $50 instead of about $130 for this part. A little added here and there and some work like 1 hour needed should set me back no more than $200.
So i can add a good bottle of wine for the mechanic as well 

More on this on thursday, when i get there with a friend to finally pick up the car.

$31000!

Lets celebrate with environmentally friendly, eco-friendly meat substitute meals of insects.

This is what school dinners look like in some parts of wales now.



https://www.dailymail.co.uk/sciencetech/article-10867737/Scientists-plan-feed-primary-school-children-crickets-mealworms-make-UK-greener.html

HERE WE GO!

I have had a few lows recently but watching the price recover even if a little has felt amazing I guess if you stick out the lows even the little climbs up feel good this could quickly become addicting.

Hope you do not mind empowering but I have added this little quote to my personal text to remind me. Your quote just stuck in my head and hopefully you are right around 2030 I hope to be coming back to this comment and showering it in merit.

WTactualF £%£"%"%&&&**@@@!!!!UUUKING BUL"£$%"££$%&**@@!!!!

If as a parent I received a letter from school saying this shit... then god help them, I would fucking lose my mind and probably end up stuffing handfulls of cockroaches down the headmasters stupid fucking face ........ un-fucking real