The crypto news circuit is embarrassing themselves today.
I was a little bit annoyed with myself last night. I wrote another shitpost yesterday about pointless speculation literally titled "pointless speculation". However, now I'm glad I wrote it because the exact thing I wanted to happen, happened.
https://www.newsbtc.com/
https://coingape.com/bitcoin-btc-recovers-fast-slipping-15000-vaccine-news/
https://www.coindesk.com/addicted-to-crypto
How appropriate.
Cointelegraph:
https://cointelegraph.com/news/bitcoin-dumps-on-news-of-successful-covid-19-vaccine-trials
https://cointelegraph.com/news/fud-or-regulatory-change-rumor-clouds-swirl-around-crypto-exchanges
https://cointelegraph.com/news/3-reasons-why-bitcoin-price-abruptly-dropped-6-after-reaching-15-800
Said it before; say it again.
NEWS DOES NOT AFFECT BITCOIN PRICE. News will only push Bitcoin in the direction it was heading in faster. News will always be a catalyst for price and nothing more. We've been given the perfect example today.
So I woke up today and Bitcoin was trading at $15200. I was thinking, "Cool, my prediction is coming true. We are moving down slowly from $15550 just like I said we would."
Then I opened my crypto news feed via the "Crypto Market" app on my phone and I got BLOWN OUT OF THE DAMN WATER WITH THESE IDIOTIC ARTICLES.
OMFG WHAT HAPPENED LAST NIGHT?
LOL ARE THEY SERIOUS?
Get a grip, people!
https://leofinance.io/hive-167922/@edicted/more-pointless-speculation
Last night:
Therefore, I'm going to be surprised if the price doesn't crash a little bit tomorrow or the next day. If we get more buying pressure at this level I think that will signal another hugely bullish indicator. More likely I think something like $14.8k is on the table in the near future. Then $15.3k... as it gets closer to that $15.1k mark.
What's that? The price "crashed" EXACTLY to $14.8k just like I said and everyone is losing their collective shit?
Remove head from ass; thanks you.
I don't know why I'm so on tilt right now.
I just am.
Anyway...
While the market seems to be in complete disarray because of literally a 6.32% drop (not even a dip as defined by 10%) in the most predictable fashion EVER EVER... I'm over here trying to keep a cool head. Trying... and obviously failing.
On the TA side of things, we now find ourselves in a very awkward position. Are we inside a potentially bearish ascending triangle, or are we transitioning into an upward channel.
If we break above $16k during the next upswing rather than being batted down by the triangle's resistance, that would put us right into the ascending channel. This happening so soon after a flag up to $16k would be INSANELY BULLISH, truth be told I'm not expecting that.
Well, what are you expecting?
I still think we are going to spike directly into the $17k-$18k range on November 14th. I now it sounds weirdly specific and I keep saying it and I haven't explained myself yet, but all will be revealed on Nov 14th. Ya just gotta believe!
Who's gonna get the COVID vaccine?
Everyone around me is talking about it (except one co-worker who's a libertarian and is bullish on precious metals). Apparently it has a "90% success rate". Sure, whatever you say. I trust this unquestioningly.
Everyone seems to want this stupid vaccine. I feel like I'm going to be persecuted against for not taking it, to the point of being forced to take it. Pretty crazy stuff.
I'm truly curious as to what my friends and family are going to say. How dare I not take the vaccine? You're putting those around you at risk? How? You all took it so you're immune, right? Leave me out of your bullshit. Gonna laugh when conservatives start telling liberals:
"My body, my choice."
Ah! See what they did there, dummies?
Used your own words against you.
I have no problem with vaccines.
Look at the list of these illnesses.
Most, if not all of them, are worse than COVID.
(except the flu obviously)
I took my MMR vaccine (mumps, measles, rubella). I took my Hepatitis vaccine and Polio and whatever else. I'm good. Fuck off.
I just know for a fact that it's going to be a truly awkward situation going forward. Liberals telling me I don't believe in science when I'm literally a computer SCIENTIST and I'm more left-wing than them AND I'VE DONE x10 MORE RESEARCH THAN YOU STFU YOU SELF-RIGHTEOUS ZOMBIE PUPPET.
Seriously though why do people think they believe in science when they're simply parrotting the mainstream narrative whispered in their ears while living in an echo-chamber? It's downright aggravating. This is why we can't have nice things.
As European settlers arrived, they brought infectious diseases, including smallpox, measles, influenza, bubonic plague, diphtheria, typhus, cholera, scarlet fever, chicken pox, yellow fever, and whooping cough. The Native populations also suffered from violence and famine as a result of the settlement.
Death toll: 80%, just like AIDS in the homosexual community.
That's what death rates look like when you actually have a problem.
No Americapox for you, Europe!
Bubonic Plague killed at least 30% of every population it hit before we invented anti-biotics. Wake me up with COVID kills 1% of the population, because no amount of other data is going to convince me that these ridiculous measures we're taking exist for "public safety".
Since when do the people in charge care about public safety at the cost of losing billions of dollars. Oh, what's that? The people in charge stand to gain from this? Hm.
Seriously though it would be pretty funny on a cosmic scale if COVID-19 was created in a lab and unleashed on purpose and they're mad that it isn't deathly enough.
Bill, I'm sorry, you're fired.
The gene you added to make it more contagious lowered the virulence, made it far less deadly.
I'm sorry, pack your things.
Don't forget your NDA.
Of course if this happened they'd still have plenty of time for the virus to "mutate" and Bill would still have a job. Silver lining for Bill.
Conclusion
There you have it! I have successfully hybridized a technical analysist post with full on conspiracy theory rage. You're welcome.
The next few days of trade are going to give some keen insights.
6-hour and 4-hour candlesticks gonna be key. I'm also in the process of learning how TradingView app works.
https://www.tradingview.com/symbols/XBTUSDT/
I plan on taking this a bit more seriously going forward.
The first thing to do is figure out how to plot the doubling curve.
Probably need to figure out the equation or something...
Seed is $100 for 2013... x2 every year after that...
Shouldn't be to hard. I think.
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All I see is higher lows and a channel that leads to the sky.
Now pump those damn alts.
Oh, I see that too! That makes us 2
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lol I am entertained by the stupidity too, but i would remind you most people don't understand cryptocurrency. My mothers friend has been constantly asking me about Bitcoin and I try to elaborate on other cryptocurrencies and the concept in general, but he basically only wants to use BTC as a hedge and if its not "the best hedge" he just says something retarded.
I showed him the Swiss banks saying BTC is harder than Gold too but that was not enough for this stubborn mind stuck in its slave rational the banks taught him.
Welcome to the club...trying to convince family members and friends to invest in crypto rather than spending their savings left and right for the past 3 years .
Their response: Criminals buy these...things
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People need to see results. That's why you need to get super rich and be like, "See? You gonna listen now or what?" Too bad they'll have to wait 4 years for the next bull run, amirite?
The vaccine will be more dangerous than the virus itself. Those side effects can be a real pain.
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LOL
Thanks for this post. Enjoyed as always!
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I have never heard so much shit as what is coming out today - and that is saying something!
I'm by no means a finance expert but I don't really see how a vaccine news could affect Bitcoin, maybe I0m missing some information. I liked how you say that news don't affect Bitcoin but rather influence the speed towards the direction it's moving. This makes me think Bitcoin is an immovable titan lol.
And about vaccines I'm not sure yet what to think. I believe they are important if they really work and there will be some side effects, that's for sure. I once heard that even if not everybody takes them if enough people are vaccinated the chances of the disease to keep spreading will lower.
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Today I moved out of some garbage in my my (sadly smallish) retirement account and went all-in on GBTC.
My wife’s got a currently larger 401k that’s “balanced”. Let’s see which works better in the long run. 😎
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Glad I hadn't scrolled through those yet. Bitcoin dipping a coupe percent is nothing. It's up over a hundred percent this year alone. But as we know, clicks pay the bills for these people so they gotta sensationalize everything.
Dude! The stuff going on in your head is amazing. I never want to miss your posts, always entertaining and eduycational.
Respect.
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You make me laugh! haha.
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There was no crash price for Bitcoin and it jumped back over 15k. Fake news at its core, probably someone wanted to spread panic but it didn't stick. Vaccine has nothing to do with the Bitcoin price and probably in around a month it will move from here and head for the 20k promised land. Just think that is not like things go back to normal from tomorrow, there is a steal long road ahead and we still need to protect and invest smart for the future. And that is into the crypto gold - Bitcoin!
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