Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 21/08/2019, 23:31:13 UTC
Another last chance to buy at 4 digits  Cool

Who knows when we are going to experience our final "last chance?"   I would imagine anytime that we are within 30% of $10k, then 4 digits are going to be within reason.. However, if we break above $12,500, again, it will seem that our direction is more likely up rather than down (into the 4 digits).  

But yeah, historically, we have been able to experience up to 50% price corrections and still be able to pretty much keep our bull market upwards movement, and so far this correction has only gotten about 35% correction, so those folks waiting for sub $9k coins might NOT get their opportunities for buying at those prices.

Another last chance to buy at 4 digits  Cool
4 digits price means we might have a very wide range of price, from $1000 to $9999.  Grin

Your literal interpretation is a bit much, tbct_mt2.

A 50% retracement would be just below $7k, and even that is seeming less and less probable the more time that we spend above $9k and even above $10k.

But yeah, we were starting to believe that sub $5k was not likely in October 2018 or so, and viola, it ended up happening... so who knows? 

We surely gotta get below $9k and then below $7k and $5k and $4,200 and $3,122 before we start to even consider that $1k is even within the realm of possibilities, and I am thinking that sub $7k is getting to be sub 40% in terms of current probabilities.