Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

^ What is that arbitrary yellow line on the bottom.

This correction will not be like 2013 or 2014. Why? Because it's 2018. The rise was different, the correction will be different too. Its easy to try to trace and outline the future using the past, but its just an exercise for fun. Its relatively useless.

My best guess is this correction will be a somewhere in the middle of the two based on severity (%) dip, but will last longer than both. But even if my best guess is wrong, I will be right about one thing - this correction will be its own animal.

Good logic. Feels about right to me.

The bad news is the length of time of the correction : The good news is that most of the price fall from ATH has already happened. If we holdled in a 13k price fall, then another ~3k is easy, no ?

( or 2k or 4k , meh)

To me, maybe 3k is excessive but 2k can definitely happen.

I think we still have a couple of months of sustained dips.

Faulty logic to be considering the "ease" of these kinds of BTC price falls in dollar terms rather than in percentage terms.

Accordingly, currently $2k is much more difficult to achieve, as compared to when BTC prices were in the $14k to $19k range... and even more so difficult to achieve a $2k and especially $4k drop when the price has already fallen 70% from its top. I am not saying that such drop cannot or will not happen, but such a drop is far from a "given" or "easy." Gonna take a lot of bear whale coins or spreading of FUD in order to scare normies out of coins to achieve such additional BTC price drop objectives.