Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
STT
on 12/04/2018, 14:57:24 UTC
So, where are all the bear posters now?
Please post something shitty. So we can all fuck you up real good.

I'll do my best to be bearish for you.    But I was holding because it seemed to me the risk reward didnt favour selling, simple as that.  Nobody ever knows for sure but at times its silly be bearish and thats true when the price is drifting sideways because that isnt a negative.   no news is good news meta, because underlying BTC is progressing anyway.  I often think similar for gold, the dollar has great problems ahead ditto yen and many parts of Europe etc  weakness in FIAT relates to use of crypto


So a negative price target now is 7200 because that was my short term upside target previous.  We broke through, massive bar, big volume thats a good break but also I'd expect confirmation.   So we play out the most negative scenario but even so overall its quite bullish.

There is a theme of surprise to the upside at the moment because short interest is at all time highs.   Which means buyers, forced in the same way leverage buyers are stopped out on the way down and price becomes surprisingly weak there


I dont have it drawn on this graph but 7200 is the long term uptrend line.