Cory at swan said defined a god candle as a 10k move up in a 24 hr period. I have a different take That probably would have been a god candle last cycle maybe…. But now I’m thinking a 100k move up in a 24 hr period Once it happens once it will happen again and again Then in a year or 2 A “god candle” might be a million dollar move up in a 24 hour window

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But it’s still not the”value” of bitcoin going up, It’s the value of a dollar dropping to a sat.
I think soon nobody will care about dollars or the fiat price of bitcoin It will be all about the sats
21seasons's avatar
21seasons 1 year ago
Yes, if one can't even think about dollar-sat parity, then they are bearish. At level of dollar-sat parity, god candles could be something like $1-5m daily moves which would happen when last of bigger nations are converting their reserves to BTC.