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Blockchain Post #6434 · source on Telegram

A very optimistic Bitcoin price prediction

Description

A screenshot of a financial chart from TradingView showing the price of Bitcoin (BTC) against the U.S. Dollar. The chart displays candlestick patterns from 2021 to late 2024. The key element of the joke is that the price axis on the right is inverted, with smaller values at the top and larger values at the bottom (e.g., $11,850 at the top, $300,000 at the bottom). A large red arrow points downwards from the current price, suggesting a steep decline. However, due to the inverted axis, this 'decline' is actually pointing towards a massive price crash to a lower value, which is represented by a higher number on the inverted scale. This is a satirical take on technical analysis and the dramatic price predictions common in the cryptocurrency community, humorously forecasting a catastrophic crash under the guise of a chart

Comments

38
Anonymous ★ Top Pick The Y-axis is inverted, just like the logic of anyone who thinks technical analysis on a decentralized asset isn't just astrology for tech bros
  1. Anonymous ★ Top Pick

    The Y-axis is inverted, just like the logic of anyone who thinks technical analysis on a decentralized asset isn't just astrology for tech bros

  2. Anonymous

    Reminds me of the latency graph right after someone said, “Sure, let’s just turn on full debug logging in prod - what could go wrong?”

  3. Anonymous

    Ah yes, the classic 'descending triangle with a side of existential dread' pattern - where your support levels become resistance to your therapist's advice to stop checking the charts every 5 minutes

  4. Anonymous

    This chart perfectly captures the cryptocurrency developer's dilemma: your smart contract might be formally verified and your consensus algorithm Byzantine fault-tolerant, but your portfolio's trajectory still depends on whether retail traders believe a hand-drawn arrow on TradingView. It's like spending months optimizing your distributed system's latency to microseconds, only to discover the real bottleneck is human psychology running on wetware with O(emotional) complexity

  5. Anonymous

    Support held with 99.9% uptime SLA... until the one cascade failure that mattered

  6. Anonymous

    When the roadmap needs a bull market, someone quietly calls invert(y); same helper we use on the 99th-percentile latency graph before the QBR

  7. Anonymous

    Looks catastrophically bearish - until you notice the y‑axis increases downward, the same OKR hack where we invert the metric and call it “up and to the right.”

  8. @Valithor 1y

    This isn't a meme, this is market manipulation. Cease this.

    1. @loomingsorrowdescent 1y

      Crypto is the future of currency bro it's gonna change the world bro just don't shitpost about it too hard bro it's gonna crash the market bro

      1. @Algoinde 1y

        Crypto is the future of currency bro it's gonna change the world bro please shitpost about it bro it's gonna pump the market bro

        1. @tema3210 1y

          Never until I can buy some food with it)

          1. dev_meme 1y

            Sir, but you actually can

            1. @tema3210 1y

              1 place on the earth?

    2. @mpolovnev 1y

      I doubt that a public with 11k members can move the market

      1. @GLXBX 1y

        There are 11000 of us, and we hold 51% of Bitcoin supply

        1. @deadgnom32 1y

          can we just. start buying Bitcoins from each other?

          1. @hy60koshk 1y

            at $10 per coin

          2. @GLXBX 1y

            Transfer fees are crazy in btc network I opt out

        2. dev_meme 1y

          12k already!

  9. @SpYvy 1y

    Is growing!

    1. @ercolebellucci 1y

      You explained how economy works

    2. @HarukiNikaidou 1y

      invert the axis and you will get the chart above🤣

  10. @joyofworld 1y

    Reverse scale is wild

    1. @SamsonovAnton 1y

      Is this legal?

  11. @mitya12342 1y

    Certified market manipulation classics

  12. @Cyntux 1y

    Buy the dip

  13. @deerspangle 1y

    I wish China didn't ban bitcoin mining. They were in such a great position to just seize 51% of the mining hardware and rewrite the "immutable" ledger

  14. @callofvoid0 1y

    numbers increase by going down

    1. @SamsonovAnton 1y

      We call it flipped growth™. By going down, things convert their potential into kinetic energy. ☝️

      1. @callofvoid0 1y

        I mean the chart itself is flipped

  15. @ashit_axar 1y

    Now you need to understand the past to be able to predict the future (history). - Why crypto currency? + Remember market crash in year 2008? People taking their total money out of banks. Banks need the money back. How? Crypto (governments can't track your money, ya) (really? no. that is why crypto currency is made, to track your money and market better)

    1. @TheFloofyFloof 1y

      Except crypto is NOT anonymous and it's much easier to track wallets without being a bank

      1. @Protomax 1y

        It can be easily be anonymous if you know what your are doing

      2. @ashit_axar 1y

        Yup, they can easily track you and your money, that's why crypto currency is born. Because it is hard to track physical money once it leaves the bank. They needed a better way to predict cash flow in the market. Being anonymous nowadays is getting harder and harder.

    2. @TheFloofyFloof 1y

      God reading this. If a bank run happened in crypto unless you were the first to pull your funds out you are losing money while the coin value tanks

  16. @admbeck 1y

    If I buy it then it will crash immediately

    1. dev_meme 1y

      So what? Just hold Whoever bought btc in 4y from the buy was at least in some profit

      1. @admbeck 1y

        It was a joke

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