Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Four Punch Raiders: confirmed.
Next 48 hours: absolutely critical.
Next 48 hours: absolutely critical.
Could you elaborate more please, I want to understand
What is "Four Punch Raiders" and why the coming 48 hours are critical ?
billyjoeallen invented the term and attempts to explain it in the post quoted below, although I don't think his explanation is very clear.
Where did this originate? Who are they? Anyone know anything?
It's a term I made up to describe the tactics some one or group uses to maximize returns using loss aversion psychology. there has been a pattern that has repeated five times now in the last fourteen months:
1) crash/bounce
2) stutter step
3) spike/short squeeze
4) second bounce at much higher level
thennnn....crash, bounce, rinse and repeat.
We are getting close to the short squeeze.