Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
About that second chart, don't you think that there could be one or two bigger rebounds before hitting the 10,5-11? I've seen a lot of people in TradeView saying that some big players could benefit from a dump to 8k to recharge their wallets and pump straight up to 14k.
I mean, today's correction was expected by most members I've managed to read through here in the forum (not the prices exactly, but several dudes were feeling uneasy about the ultra bullish uptrend that followed after the 8k break), wouldn't a similar feeling hit the market if we did manage to break 10k in a rush?
I mean, today's correction was expected by most members I've managed to read through here in the forum (not the prices exactly, but several dudes were feeling uneasy about the ultra bullish uptrend that followed after the 8k break), wouldn't a similar feeling hit the market if we did manage to break 10k in a rush?
Just changing the perspective tells a subtly different story no? I thought we would be closer to $10k by now and to have already tested resistance there. Since that is not the case what I have indicated on this chart might take longer to play out. Please keep in mind I did this regression over a week ago, so while it seems to be aging fairly well, things are dynamic. I think there is a extremely small chance that we would not stop in a few well defined resistance zones once $10k is breached and turns towards support. #dyor
