Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
This was an impressive shakeout.
Reminds me of the one in the week of 18th Nov 2013, it crashed down from a top of 800 to 450, everyone was like: "That's it, it's over guys, bubble has popped."
Then it slowly resumed the climb, at some point the sellers had to buy back in, and this baby went from 450 to 1200
A similar scenario might be unfolding right now.
I think this rally is not over yet.
I managed to pick up a few extra coins during the drop - almost back to my pre-crash USD levels already, was hoping price would drop a bit further though, nice couple of days trading =)Reminds me of the one in the week of 18th Nov 2013, it crashed down from a top of 800 to 450, everyone was like: "That's it, it's over guys, bubble has popped."
Then it slowly resumed the climb, at some point the sellers had to buy back in, and this baby went from 450 to 1200
A similar scenario might be unfolding right now.
I think this rally is not over yet.