Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Looks like we are going to $450 and then slowly to $600 
... why do people always aim for highs... we had the big push to the upside.. If we would be ready to go higher we would already be..
We are likely going to push up to max. 450$ but I don't think we are going stay at this level, people are just going to short there and make easy money with a smart s/l...
.... why do people not bother to look back at past bubbles... expand it out and see that there were deep retraces lasting days before the parabolic uptrend resumed... compressed onto a 2 year graph it looks like a straight line up but there are important details being overlooked...
it already went parabolic and hit 500$... the problem is we are still in an area where were 1-2 years ago... That means bagholders are all the way up to 1200$.
It's totally different to go parabolic into a new never seen area (first push to 1200$) or in a zone where we where (more or less) consolidating...
Because we stopped right at 500$ I see this as a fomo break out I don't think we will push much higher any time soon then the recent 500$. We might get close to the area again but I don't think >1000$ is possible right now. Not without big news
This pump really reminds me to the recent EUR/USD push where a lot of people fomo bought it up to insane highs... Yet EUR/USD broke down rapidly after it look really great.
In trading you really can't tell whats going to happen next. You can only bet on the better ods from your point of view