Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
https://www.tradingview.com/chart/BTCUSD/ST356mvt-03062334-BITCOIN-BE-PREPARED/
Here you go.
Dump will happen because of fear for a bear market, and lots of traders will jump on the Eth train that started yesterday
So basically your target is ~$800 and if it goes below that, hello bear.
I will jump in if it goes below 900$. But 800$ is possible but i have to admit that i dont have the guts to wait that long.
Ok, thank you. Now we will see if it comes to pass.
Personally I think it's quite possible that the market's nerves around BU and the failed ETF bid are still to play out.
BUcoin is dead. ETF is not an influencer anymore.
The true reason for this range trading is end of March. Bitcoin businesses have to pay taxes. They are net sellers. Once March is over, uptrend will be reinstated with full power. Best time to buy back their bitcoins for average traders and whales that panic sold at the bottom is this weekend. That will be their last chance! With every day we come close to the end of month this window of opportunity is disappearing for that unfortunate group.
You have to work extra hard this year to recoup your losses from last year! You're very inexperienced trader and you'll need a lot of luck.