Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
How many times does Bitstamp need to bounce from 0.800 before people realize it's the new floor?
Every bounce (3 so far) adds to the strength of the support, and it is already in the Titanium level, comparable to molecular's left nut. Buying at 0.800 is better EV than buying at 1.000. From 1 it can go either way, but from 0.800 it always goes up, and the 10% probability not included in "always" is only that it will dip to 0.6 for a few hours. Nothing to be scared of.
Bad Mojo. This just means we will be below $800 very soon.
Please Risto turn bear again.
A bit of bearishness from your side could help us, Risto!
Seriously: the market is very thin. We can go well below $600 with just a few sell offs, in fact I hope to visit $400. In any case the fundamentals are stronger than ever, and the level of awareness is very high. Bitcoin won't be trading below $1000 for long. If we enter a bear market, it will be shorter than ever before,