Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
have you ever been chased by a green badger riding a lamb shooting bolts of lighting?
If something like that happened to me, I am pretty sure that I would have remembered it.
We've tested 595, and bounced back. 595 is surely the new floor
Don't be so sure. We tested $560 in June. Anything over $500 will still make this a great year.
That said, this could be the setup for the next serious run up. Whales gotta accumulate and there's nothing like plankton panic to feed them cheap coins.
Isn't this fun?
I don't know about fun, because even though I have money prepared for dips, I always get feelings of trepidation when there are big downward corrections (such as those that are more than 10%), because the value of my whole BTC investment goes down, and I never have any real confidence about how much further down the price is going to go.... and usually, i have already made several purchases on the way down, so I get into feelings about how to budget the remainder of my fiat funds that are in my BTC portfolio.
Currently, I am kind of thinking that a test of the mid $500s has a decent chance of occurring (maybe even around 50%).
Of course, the lower we go down in projections, the less likely that it will occur on this run, and I think that lower $500 is fairly unlikely (like maybe in the less than 35% arena)..
I'm thinking less than $500 would be less than 25% chance of occurring in this run.
that's my current thinking and scares me just to specify it..