Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Majormax
on 17/09/2018, 08:20:20 UTC



These so far unsuccessful about 5 attempts to break below $6k don't necessarily play well for the bear case, but they do not come anywhere close to guaranteeing a bullish scenario either, because for me to feel comfortable and out of the woods, then BTC price is going to have to return comfortably into the area in which it is testing $10k resistance and even perhaps breaking through such resistance - even if such breaking through is NOT sustained, I might become a bit more comfortable that the bottom is already in, and that our current crypto winter (baby winter) is NOT going to be as bad as the 2014-2015 crypto winter (arguably dragging into 2016).




I like your analysis generally. 

Most posters, as you point out, come out with proclamations based on either nothing, or misread/false facts.

Given that nobody has a crystal ball, it takes a bit of skill and experience to express a cogent scenario. Making cases for alternative price moves is nearly always the best way.


'Baby Winter'  :  could be possible, and it helps the case for the bottom being already in. If its a full Winter, then a bottom in the 2-3k range is more possible. I hate the idea of that, but the market often makes us take the worst tasting medicine.

Whichever way, it will be a long climb out, and patience is needed.