Post
Topic
Board Speculation
Merits 3 from 3 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
HairyMaclairy
on 11/04/2018, 21:21:14 UTC
⭐ Merited by bitebits (1) ,afbitcoins (1) ,Last of the V8s (1)
What's the read on sentiment in here? We bullish or bearish?

We are in a squeezing wedge and the price is either going to explode up or down quite soon (next 48 hours), in the context of an overall downtrend.  So call it balanced with a lean to bearish.  $6984 (Bitstamp) is about right for the top at this time assuming we go down.

On a slightly longer time frame (weeks) we are in an overall strong downtrend.  Strong bearish.  This will be weakened but still a barrier if we explode upwards in the next 48 hours.

On a medium time frame this year is looking promising.  Lots of good stuff going on.  Promise of significant technical developments this year and ongoing institutional investor adoption.  Bullish.  

On a long term time frame (5+ years), Bitcoin is going to transform money.  Insanely madly moon bullish.