Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
nikauforest
on 29/03/2018, 19:40:22 UTC
I think we need to see some sort of capitulation before this bear is finished. Maybe we are getting close. I think we need some panic selling.
Prices are still up quite a bit from one year ago. ( to keep things in perspective )
On April 2, 2017
BTC = 1079.44
XMR = 21.22
etc..
I would prefer this bear does not drag on, so a panic flush, would set the stage for setting a base and a new bull. I hate the drip , drip , drip of down. It does feel a little like 2014.

As I said above:

It seems like so many bears where sleeping while the bottom was set in with huge volume of capitulation on February 5th.

Feb 5th/6th could be the bottom. I guess we are in the process of testing that bottom now.