Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
bassclef
on 06/04/2015, 19:27:41 UTC
Good afternoon Bitcoinland (and haters and trolls too).

Just got home from Saturday night to see we're still chugging along in the $250s.

Seems that the haters have become so desperate they've taken to spamming lame altcoins in a feeble attempt to undermine support for Bitcoin.

Amusing in a pathetic sort of way.

So, when we gonna sqeeze them shorts, Jimbo?

It'll happen soon enough if price is continuously finding higher bottoms. The shakeout a few hours ago surprised me, seems there is solid support above $250. I see the obvious (almost too obvious) H&S on the hourly, but the target for a pattern that small is measured from the neckline to the top of the head, so like $252. Not a short I'm going to take after the recent bottom and market strength.