Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I love how people get over bullish when the pump is over and they still buy because they missed the train 
yeah..but the pump was to $500, and we are now trending in upper $300s, just $30 or so above the resitance zone which was tested 3 times, over the space of several months, and which was emphatically breached last week....
How low do people really think Bitcoin will correct from $505!?
Maybe the 500$ pump is the new 1200$ pump? Who knows?
a lot of emotions unloaded and a lot of fomo trading was done. With all the leverage shorting going on, reaching 1200$ is a total different story then back in 2012 when we had almost no leverage trading and no short trading as well... That makes the story totally different this time...