Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
PaivanTreidi
on 30/05/2019, 15:58:53 UTC
⭐ Merited by JayJuanGee (1)
8.8 - > 9 - > 10 - > 9.2 incoming in next 48 hours. I don't belive we will blow through 10.

Hopefully, you are not betting too much on that.

I kind of agree that BTC has to meet significant and meaningful resistance at some point, but if a lot of people (shorters) are betting on $10k not being breached, then it seems to me that too many stacking of bets in that direction creates fuel for $10k to be breached.. ... which might be premature, but seems that shorters and bear tears are contributing to such ongoing irrationality in bitcoin's ongoing upwards price movements.

So at some point the bears gotta get over their wet dreams of BTC's seemingly "imminent and inevitable" severe downward correction, and give into bitcoin's upwards power.. and at that point, she might be ready for the decently severe correction.   Wink    Cheesy Cheesy Cheesy

No. Permahodl.