Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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.
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.
I think it will play out like this chart shows. A bit of a dip, then upwards.
I have a strong gut feeling something like this is going to happen: 
