I have already made several posts in which I concede (call it capitulate if you like) that bitcoin had fallen into a bear market (or at least acknowledgement that we had always been in a bear market since a certain point in the past - whether that point would have been April 2021 or November 2021).  So, for me, the concession of the bearmarket came when the BTC price broke below the 100-week moving average (then at about $35k), and it also got stuck below that 100-week moving average for a decent amount of time (like more than a few days).

But even if we concede that we have been in a bear market since about May 8th/May9th (give or take a few days), that does not automatically mean that the BTC price has to go any lower than it has already gone (which currently is the $25,401 bottom on May 12)....

So, yeah we can even concede that the odds for going below $25,401 have increased considerably since after we had determined that we were in a bear market (May 8th/May 9th-ish)...but even if we say that the odds have increased considerably, that still does not mean that the odds of going down have become inevitable.. or that down before up is inevitable.

We can also reasonably proclaim:  "it's not looking good."  "it's not looking good", but still that does not mean that we have to visit those lower numbers that you have been shouting out for the past few weeks as if they are inevitable..

In other words, Save the RF.. you seem to have a wee bit of a problema in that you get caught up into exaggerating future events as if they have become inevitable merely because they have concededly become more probable than they had been previously.

Get a grip.

Get a fucking grip.


hahahahaha

#nohomo


Can you even help yourself?

Either you are extreme in one direction, or you are extreme in the other?

Is there any middle ground for uie-pooie?


You know that even if the BTC price starts to go up, a few resistance points have likely come into effect based on where we went around May 8/9, and the fact that we have largely been stuck below $31k for the past almost 3 weeks.

So yeah.. we have to get above various resistance points and then stay above those resistance points... and so it is possible that the BTC price will just go shooting straight into ATHs again, but that is not even a very plausible theory, even if it is possible to happen.

There will likely be some corrections along the way.. and we cannot even rest assured that the $25,401 bottom is in until at least getting back above the 100-week moving average (which is still above $35k and approaching $36k.. by the way, I am surprised that the 100-week moving average continues to move up even though BTC spot price has been below the 100-week moving average for nearly 3 weeks).  On a personal level, I probably am not going to feel that the bottom is in until staying significantly (perhaps more than 12%) above the 100-week moving average for a decent amount of time (perhaps a week or so).

Once we get significantly back above the 100-week moving average, we then are likely to have some pre-ATH resistance points too.... Anyhow, I hate to get into rambling about too many steps in advance because they become way too tentative if we have not even crossed over one or two of the legs yet.. and sure, I will say that it is quite helpful that we had crossed above $31k and into $32k with seemingly ongoing UPpity price pressures, but I hate to presume anything.. including either that we have to go back down before UP or the opposite that the bottom is in.. because we are still in a kind of limbo land and the next 1-3 days are critical^tm as fuck.. you better take out your magical predictor 8-ball** if you want to know what is going to happen next in bitcoinlandia. #justsaying.


** much better than the braincells that you burned out in the 80s.. since you had not been around in the 60s to burn them out.


hahahaha

You are quite the investigator, suchmoon...

#justsaying

Kind of like Colombo.

Today's Astronomy Picture of the Day, it's a sign:

Every man imagines his own sperm as if it's rocketing out, germinating the universe...


Right?   

Fucking gorgeous shot!

Hello ladies...

Actually it is terrible.

I lived in the USA  through all the 70's. inflation was 6-10 % year after year, but banks paid solid interest not 1,2,3%.


1978 USA inflation rate was 7.59% google it
1978 USA 30 year t-bill was 8.1 to 8.9% see link https://www.macrotrends.net/2521/30-year-treasury-bond-rate-yield-chart



2021 USA inflation rate was 4.57% google it
2021 USA 30 year t-bill was 1.7 to 2.2% see link https://www.macrotrends.net/2521/30-year-treasury-bond-rate-yield-chart

2022 USA to date rate is for last 12 month is 8.3%
2022 USA 30 year t-bill is a fucking joke at. 2.1% to 3.2%  https://www.macrotrends.net/2521/30-year-treasury-bond-rate-yield-chart


see that bleed in wealth  1978 if you had big money you gained on inflation maybe 1 to 2 %

now April 2021 to 2022 if you have big money you bleed  say 5 to 6%

Obviously we are only comparing USA inflation to USA t- bills.


But I am thinking that a 5 %  to 6 % bleed for 12 month time period is uncharted territory .

Maybe some wiz can find a worse time of inflation bleed in the USA  or in Europe form 1970 to 2022 for a 12 month time period. I am not sure it is there. I think this is it.