Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
serious question - is there anything in the news right now that justifies a sell off?
Missed this mornings activities - what's the reason for the drop this morning?
Where's Blitz when you need him...
For the last time, dear newcomers:
Price doesn't simply "follow" the news. News might influence it, but not necessarily the way you'd expect it to influence the price (see, for example, the Silk Road news last year, and the rally (!) that followed).
Well, anyway...
We've been in a down trend for quite a while now, and right now, things are simply picking up speed a bit.
By the way, that doesn't mean you should sell now. Every trend ends at some point.
tl;dr Learn some basic TA, the world will be less confusing.
thanks, yes i understood just wondering if there is anything we may have missed while watching this thread... just tell me when to hit the BUY button, my finger is getting itchy
Depends on your overall strategy.
You believe this bear market will eventually end? We're going back to the primary trend (the looong exponential trend line) at some point? New ATH, this year, or maybe next? Buy now, I guess. Doesn't really matter if you get +10% coins if the price increase in USD is an entire order of magnitude.
You want to trade the swings? Maximize your coin stash? Then probably wait a bit longer
I'd be seriously surprised if we don't at least properly test 600, if not 500 again (stamp prices). If not tonight, then soon.