Wow I just spent 20 minutes writing out about how price harmonics are the effect of human psychology, and even with a asset like Bitcoin that has a limited quantity available for purchase, you will still see human psychology at work as people begin to think it's too expensive, newbies get scared that they bought at $39k, people need money for 1 million different reasons…
40 K is a psychological barrier tho, sustained 40 K plus prices take bitcoin squarely outside of the realm of 10 to 30 K forever. There was some more stuff in there about how traders are starting to reposition their portfolios and pour their obscene bitcoin profits into their favorite shitcoins, And I even had some solid jokes in there I can't remember now.
Whatever, I am now dictating this shit, fuck it. Bitcoin pauses here for a minute, price needs to recharge a bit in prep for the next leg up while traders take their profits and place new positions. I think I had something else in there too but yeah, I can't remember now TradingView, you have a bug that will lose your users ideas if they go and attach to Twitter then try and send.
Anyways, we won't be here at this price for long, there's just not enough supply of the coin to go around for the demand incoming. But is it bad that I don't really care because it's a 3X from here to 100 K and who cares about that when there are literally dozens of shit coins out there that will 10x my money on a smart play without having to resort to leverage? Alt Moon is RIsing... can't you feel it?
40 K is a psychological barrier tho, sustained 40 K plus prices take bitcoin squarely outside of the realm of 10 to 30 K forever. There was some more stuff in there about how traders are starting to reposition their portfolios and pour their obscene bitcoin profits into their favorite shitcoins, And I even had some solid jokes in there I can't remember now.
Whatever, I am now dictating this shit, fuck it. Bitcoin pauses here for a minute, price needs to recharge a bit in prep for the next leg up while traders take their profits and place new positions. I think I had something else in there too but yeah, I can't remember now TradingView, you have a bug that will lose your users ideas if they go and attach to Twitter then try and send.
Anyways, we won't be here at this price for long, there's just not enough supply of the coin to go around for the demand incoming. But is it bad that I don't really care because it's a 3X from here to 100 K and who cares about that when there are literally dozens of shit coins out there that will 10x my money on a smart play without having to resort to leverage? Alt Moon is RIsing... can't you feel it?
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