Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
STT
on 08/03/2018, 19:41:05 UTC

I have to say these recent weeks and especially the last 24 hours have made me a little less comfortable... or even slightly worried. Gains come very slowly only to be wiped away at rate 2.0 in a couple of hours. I'm just a newbie with about a year of experience, but this seems more intense

Its not especially pronounced, the moves up have been bigger so then the move down correlates to that.   There are still echos of the ATH which was fierce imo.   We are still far higher then I thought we'd get in total.   Last summer was about the target I had for this (bullish) move overall.   By now I expected we'd be repeating a much more boring sideways type consolidation, just retracting while actual trade markets underneath develop which does take more time then the market jostles up and down.

8838  bottom pricing but thats my 30 second take :p    The largest bar down was through the upper band of a long term positive channel so I presume the lower band would then buffer the decline and present some buying also

Regarding my editing out of my own text, I sometimes engage in that practice for no fucking reason, you goofball?  

I think I hear Alanis Morissette in the background...

Sometimes less is more for sure   Cool

https://www.youtube.com/watch?v=8yoSwdWG7EI