Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
On a sidenote, I believe the last chances to go short will be presented today or tomorrow. Prices tend to correct after super bullish waves like this one.
Yeah of course, a correction could come at any time, so one thing would be to close longs along the way (which means selling) and another thing is going short (which means going on margin, and is a step further than some folks are willing to go). Personally, I don't mind selling small amounts on the way up, but going short is playing a bit harder ball than is within my bailiwick.
To be more specific, I could see breaking above $10k, by 10% or even 15% and then correcting below $10k,,, but who knows.. $10k could become a new floor, also, as others have postulated that possibility, which is not unreasonable, either.
Yeah, just like 9.2k has already seem to have become the new floor, at least for a while. You're right, I believe closing longs does fit better.
I'm just worried with that April 17 - 24/25 fractal. IF things end up happening in a similar fashion, we could see a spike in 10.6k and a 13% correction following May 6th and 7th (retesting 9.2k, most likely, and running up to the 11ks from there).
Or it could just keep spiking up like November - 17th of december 2017, who knows
