Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Slowly but surely everyone is starting to figure it out. What's happening right now happened before in March. Almost identical charts. One more crazy run-the-train-of-its-rails rally is brewing. It's going to be epic.
If we go crazy from here (we are already well above/ahead of the long-term trend), the inevitable result is crash. That is the way turbulence works. This makes it relevant to try to estimate the top and the bottom.
My take:
- Top $2200, bottom $475. Before Christmas.
Sounds good
I see a lot of controlled profit taking around $700 (stamp), and not a hint of fear/panic. Consolidation at $700? Will a big holder crap his pants and market sell a couple thousands of coins? Will a big investor do the opposite?
Almost 50/50 chances for everything. Fasten your seat belts and place your bid and asks, gentlemen