but then I look at the daily and weekly, and I think mmm , not so fast ... there's still a lot of downwards pressure ...
and then I look at the monthly chart and I'm convinced;
we're about to find out what the lowest monthly is, for no other reason but to find out; we don't know that yet; we don't know what the monthly bottom is ... we're about to find out !!
but then I have 1 more peak at the 15 min chart and poof, just like that I'm convinced; MOON INCOMING !!
so ... it could either way ... it's 1 of those moments that it's a question of ... how much more tether can those exchange print until their little scam implodes on itself ?!?
those white arrows are just there to point out that we're now exactly on the median long term ; right now this is the best median price for bitcoin ; this is right smack bang in the middle of it; this is the average;
in theory; we should just stay here and very, very slowly go up ... that will of course never happen, we do know that for sure ;-)
translation; I'm 50/50 ... half in fiat and half in bitcoin , so no matter what it does; my total stays exactly the same
although bitcoin was supposed to be a currency, as long it doesn't reach his full value, it's just too volatile for a currency, yet ... nothing to stop it from being a speculative asset, simply because that's what we made of it ... and that's what we want it to be, isn't ?!?
and now all of a sudden everything makes more sense ... most people use bitcoin as an asset, not a currency, so ... bitcoin is an asset, end of story ...
translation; that's why it's possible for another bull run
you could say that in 2016-2017 bitcoin was making a run for it to make it as a currency, that failed, so why would bitcoin the currency go for another bull run then? what changed for the currency?
nothing, it's just that the next bull run will be one for bitcoin the asset ... whether or not bitcoin the asset makes it higher than bitcoin the currency is wait and see, but ... if we're about to take off for another bull run; that's why ... last year we were still a currency, now we're an asset; different game, different rules ... different players !!
does that make any sense?