Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
3day chart seems to be drawing the perfect bubble...
In what way? Looks exactly like December 26th-28th, almost exactly where it is today except a bit higher. So,
edit: further thoughts/ramblings, and grammar
In the way the perfect anatomy of a bubble is described. Doesn't certainly mean we are going to crash. But currently it's not looking to bright.
Elaborate. There are multiple phases of a bubble, which do you see/think we are in? First sell off? Return to the mean? Both of those are right before great increases => bullish.
"Return to normal" just passed by and we may be on the way down to the floor.
But i thought the same thing around at 4k USD and was wrong
The second 'bump' was higher than the first, don't think that is what happens in a bubble... Also it is true that we are going down a lot but at this price 5% swings are huge, so might really be consolidation me hopes