Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by Hueristic (1)
Back to price analysis....
3.5 month parabolic run at the initial stages of breaking down
https://www.tradingview.com/x/PtdtsMU7/
And what should we expect from this?3.5 month parabolic run at the initial stages of breaking down
https://www.tradingview.com/x/PtdtsMU7/
Parabolic breaks almost always lead to
1) Strong retracements back (~85% - 60% if I recall, don't have the stats in front of me atm)
2) Macro trend reversals (think of bitcoin run ups and what happens, like after btc hit $20k)
Yeah, but we have already had our 85% correction down to $3,122. Remember December 2018?
We are getting another 60% to 85% correction from the $13,880? That makes hardly any sense.
Now if you were talking about a 60% to 85% correction from some kind of new ATH or something like that, then you might be starting to make some senses. Perhaps?
In other words, the impression that I am getting is that you are one of those loonies or shills who are spreading disingenuous pie in the sky thinking rather than attempting to grapple with on-the-ground BTC price dynamic realities.