Replies (4)

Personally, I see too many possible disruptions in the market stemming from the Iran war to fully discount more downward price action. I'm also 50/50 on which way this goes, but I can see paths to more downside before things resolve.
Not sure what @Guy Swann is thinking, but the fact that all this oil has been, and seems like it will continue to be offline, is why I think the bottom might NOT be in yet. I’m not really making a call, I just DCA no matter what, but that’s what I’m keeping my eye on, right now. I agree what we’re seeing does look like some “bottom is in” behavior, but like Guy said, I feel like there’s a 50/50 chance global economic turmoil brings lots of things back down, Bitcoin included.
lol I don’t have PTSD about it, it’s just what Bitcoin has done for the 15 years I’ve been here. It’s quite entertaining actually 😂 I’m looking for another sharp leg down, that sets a higher RSI on a long chart like the weekly. It certainly doesn’t have to do that, but it does often enough that I usually am waiting to see it. Used to happen on the daily chart but we’re in the “those things happen on the weekly now” era.