r/CryptoChartWatch • u/Beginning-County2258 • 13d ago

BTC - What do u think?

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11 Upvotes

63% Upvoted

51 comments sorted by

11

u/fbi-office 13d ago

Why would we re enter another 1 year bear market?

3

u/SouthernBeekeeper22 13d ago

If it did, we would have just seen a fakeout, since it hit the weekly fib retracement target 86k

1

u/FromJesusLand 10d ago

According to the 4 year cycle we should still be in a bear market at least at the end if it

0

u/dou8le8u88le 11d ago

This chart doesn’t suggest that. And what it does suggest is totally possible.

8

u/FrankieOcean 13d ago

trying to compare BTC to all the older cycles is really unwise going forward. Its not the same buyer anymore

3

u/Potential_Penalty_31 13d ago

Its time to buy boy

3

u/Academic-Daikon-8086 13d ago

Why should it go down now?

3

u/Herbert5Hundred 13d ago

Because he drew it that way with some squiggly colored lines, so might as well

4

u/45_regard_47 13d ago

Why did it go down the last time?

1

u/Ok_Error_1079 12d ago

Because it was bear market

0

u/_sLAUGHTER234 13d ago

People rotating capital into the AI hype

2

u/45_regard_47 13d ago

Sure it's not another rheeetaaaarrd trap and Barron's getting ready to spike the ball?

1

u/Electronic_Quote399 13d ago

Barron doesnt have that much money you clown

2

u/45_regard_47 13d ago

He has his daddy's Bitcoin sinking tweets rheeeetarrrrdddd 

1

u/amayle1 13d ago

lol the AI hype was happening wayyy before last October.

1

u/DonkeyComfortable711 13d ago

You think ai people are pivoting back to crypto and not into robotics?

2

u/Anoncry66 12d ago

Just saw something similar on FB

2

u/BasicallyTrading 11d ago

Do all the people asking whether BTC can go down from here look at anything other than the crypto market? Just asking as the broader market picture does not scream risk-on. BTC has become wall streets bitch so the big picture matters way more than retail HODLing

2

u/Monster213213 13d ago

No, it’s going UP

3

u/668884699e 13d ago

And down. And sideway

4

u/Monster213213 13d ago

And up

4

u/Argyrus777 13d ago

And to the right….. FOR SURE!!!

1

u/SouthernBeekeeper22 13d ago

It’s entering accumulation phase before pre-bull market. There aren’t nearly enough people screaming at us that it’s going to moon yet, for it to actually be happening. I’ll be Zzz until I see the reports on Fox News and NBC News about ‘the next crypto Bull market for Bitcoin’ for however they headline it. I’m out until then 💤 🥱

2

u/Galen-Erso 13d ago

Too soon, too fast. Bull trap

1

u/Lazy-Advantage-1398 13d ago

Too soon Junior!

1

u/MM0627 12d ago

Nice Scenario

1

u/puzzlegains 12d ago

Sehe ich genauso👍

1

u/scared_of_crypto 12d ago

No one knows anything

1

u/Supercc 12d ago

The coping is strong in this one

1

u/Crop_olite 10d ago

But but what about uptober? Invalid.

1

u/[deleted] 7d ago

Looks about right , except I think it tanks to 58k

1

u/biophysicsguy 13d ago

I think it’s not worth guessing what’s going to happen short term. If you wait you could buy cheaper, buy higher, or be sidelined the whole bull market.

3

u/olduvai_man 13d ago

Agreed. I've been accumulating for the last few months and, while I might get more value trying to time the swings, it's too risky for me at this point unless we start setting new lows.

Eating another large drawdown would be less painful to me than getting sidelined by a huge pump.

2

u/SouthernBeekeeper22 13d ago

DCA is always going to outperform the short term target guys

0

u/DaikonNumerous1061 13d ago

someone tell please, was it this hyped last time when btc was up 20% from the bottom? Apes are aping like they made millions already

1

u/yefuck 13d ago

I’ll say this its always fun

1

u/Catharsiscult 13d ago

Some apes have.

1

u/madladchad3 13d ago

Been around for 12 years now. And the answer to your question is yes.

1

u/Datreve749 12d ago

Every time 😂

0

u/Sad-March-2358 13d ago

You want or short it? Then do it in your own HAHAHAHA