Post
Topic
Board Speculation
Re: Bitcoin - Will We Get a Strong Trend Reversal Signal?
by
1Referee
on 25/04/2019, 09:53:57 UTC
i'm pretty confident we'll see much lower prices (low $4ks or high $3ks at least) over the next couple months.

That sounds good to me.

The only thing that makes me somewhat question a strong downward movement is that Tether printed another 300 million units yesterday, which doesn't happen for nothing. They'll either be used to short the crap out of Bitcoin, or buy up whatever sellers will be dumping in their buy orders. In less than a month 800 million units were created, that's some crazy shit.

A retest of the 200wma $3600-$3700 isn't out of the question and would also be a healthy move. Back in 2015 we also found support at that moving average, and that more than once.