Screencapped this. Who are you? come out
So who is this pro that predicted this?
Isaac Kelly
Oliver Sanchez
28k? is this a joke
Lincoln Howard
No it's not a joke. That nigger is higher than bird pussy
Caleb Brown
300w moving average. Btc has never been this low from it for this long.
Joseph Rogers
that's true, but isn't that very bearish?
Jaxson Perez
reversion to the mean guarantees returning to whicher n-period mean you have selected. you have created your own self-fulfilling prophecy
Jaxon Gonzalez
Bitcoin was pumped due to all the helicopter money. That has dried up. The fed raised rates again today another .75%. We are by definition in a recession. My take is people won't be buying bitcoins like during covid. I would say it is bearish. Also take note of midterms in November. After that all hell could break loose
Carson Watson
The fed pumped all of 2017 with interest rates going up.
Alexander Anderson
i remember seeing this chart. he unironically predicted the future
Jason Green
>The fed
*BTC pumped all of 2017 with interest rates going up.
Wyatt Martinez
this is pointless, everything the FED does is obvious for weeks ahead of time. nothing today was a surprise
Carter Martin
You're basing your assumption on one variable. When people got free money they invested. Now there is no free money and we're in a recession. They won't be buying bitcoin. They will be trying to keep a float.
Grayson Edwards
>My take is people won't be buying bitcoins like during covid.
No one bought bitcoin because a ton of people were jobless during Covid you dunce. The unemployment rate shot up to 14% it's fucking 3% now
Carter Ross
You are looking at this way too childish, people having money is irrelevant, what matter are forex markets and monetary bases.
BTC can go to 100k only due to fiat devaluation, but since 1971 nations use floating prices against each other so this movements can take time since they tend to be forced on the usd and usd debt crisis until the last minute.
Do you really think people had extra money in 2017?
BTC fees were llike 30 usd per tx for two months.
Christian Torres
>pro
And if it dumped you'd have said what? Probability was much higher for a dump. This was a scam pump. You can't predict scam pumps. The only reason it was "bullish" at all was because 75bp was priced in. Had the fed said 100, it would have dumped.
Jordan Edwards
The Federal government gave out $800 a week u employment and then the state added unemployment on top of that. Look it up. People didn't want to work cause they were making more not working. Are you in highschool?
Andrew Jenkins
Childish.. if you want I could use a Laplace transform to correlate what ever outcome I desired. I'm looking at it from a very simple standpoint. I don't like over complicating things. If btc isn't being bought the value will go down. No demand = a lower value. No demand because the current state of this country is not conducive for investing in fairy coins that just tanked 75%
Ryan Nelson
i didnt predict this you retard
Cooper Perez
We're gonna go beyond 29k. We're gonna 36k, fill the CME gap, then collapse back down. Then the bull run starts in earnest.
Jackson Nelson
It was me :)
Its all going according to plan Mr. Durden
Luis Gutierrez
I didn't say you said you called yourself a pro, you fucking illiterate retard. Mother fucking clearly you asked who it was. I'm saying they got lucky because TA was pointing down. Had the fed said 100bp, it would have crashed.
Caleb Cox
The stock market stopped react to rate hikes because it has already reached the floor.