Also covers the theory that everyone waiting for the 200 Week MA get's left behind.... like Billy.
Raja_MBZ is one of the members who said that he is waiting for BTC spot price to meet the 200 Week moving average, and he started waiting around May-ish when he supposedly sold at $55k-ish and the 200-week moving average was then around $12,500, and now the 200-week moving average is approaching $18,500.
https://www.lookintobitcoin.com/charts/200-week-moving-average-heatmap/I have already said several times, that I would not even want to give Billy twat no coiner that much benefit of the doubt regarding either having any kind of reasonable theory that is based on actual possible concepts rather than just throwing out various assertions regarding where he expects the BTC price to go, and surely sometimes when the BTC is going up he would say that he is expecting the BTC price to revisit $30k or $20k and then from time to time he would add some more dramatic affect that he was waiting for sub-$10k. just signs of wishful pie in the sky baloney rather than anything that shows that he is trying to grapple with actual facts and some kind of semblance of logic that would account for actual facts.
By the way, when I was looking for the 200-week moving average website linked above, I came across the major multiple website that tries to show whether the BTC price is overheated or underheated..
and currently is showing a 1.. which is accounting for the current price compared with the 200-day moving average and a 1 would seems to be a good place to buy.. but hey you gotta DYOR and figure out what you believe in terms of strategies to accumulate BTC or to manage your BTC holdings (if any) and anticipated BTC price direction, to the extent that price direction might matter to you in the short-term.
Nevertheless, many hoped (and still hope) to see the second run going parabolic like in 2013.
But moving the market is not so easy anymore.
I'm not so sure about that. Recently we saw price drop 20% in a day, half of which was within a 10 minute period due to high volume selling that triggered liquidations, and more selling. I don't even think this was due to low order book liquidity either, but simply an indication that the market remains highly volatile. I see no reason why this can't still happen to the upside, if shorts get's stacked up like longs were.
In summary price doesn't need an influx of buyers to move quickly, or parabolic, in one direction or another - only over-leveraged markets, of which there are plenty these days. Look at TSLA for example, huge market, but price still went parabolic and increased by 1000% within 14 months, in a traditional market with very high liquidity. In crypto markets, that's the same as 9x in 14 weeks. Like $38K to $350K...
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I have my ongoing questions regarding the extent to which it might be helpful or informative to bring the price slopes of other asset classes into the mix in order to attempt to understand what might be within reasonable possibility for bitcoin price future at this time, and surely our looking at previous price slopes are attempts to try to figure out where we might be able to go in current times. Of course, there have been a lot of folks who have said that the slope looks more like 2013 than it looks like 2017.. but at the same time, there have been assertions that our second top is kind of waning and we are not getting the UP in the second portion that we expect to have good chances of being in the cards...
Surely, none of the numbers really seem to be off the table, and I had recently
updated my numbers (probabilities about when and how much) in a thread that I created in the past few days.
Poll
