So I wonder how large the sell wall is here? Could get a lot of capitulation in this area for a while eh?
Discussion
I love the 6 month candles🤣
Lol I'm just wondering why the shorts didn't squeeze last night because they were about to. It was very close. We went past the liquidation point of 35,750 for a while. Then heavy sell pressure came in.
I’m still wondering why we stalled at 69k. Price is a finicky thing. The weatherman cannot predict accurately more than a few days out - short term price predictions have a similar level of accuracy to a 10 day forecast.
Bitcoin probably needs more time in this range. I think the original Luna crash went to 35.5k, so that probably has to flip to support.
Personally though, I wouldn’t spend any time worrying about it. A few percentages here or there is not going to matter at all in the end. Shit, even the difference between 69k and 16k one day won’t seem like that big of a deal.
Oh I don't worry about it at all lol. I just like to study it to understand what I can. I'm especially interested in the psychology behind human action that drives all the decisions of individuals in the market. It's very fascinating to me!
Honestly I wish we'd get back down to 20k though.
5000 sats per cuck buck is great. We’ll have one more go at it if we’re really lucky.