Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by Majormax (1)
Frankly it is not looking good at the moment, I would even say it's time to sell, and buy back below 8k. I am pretty sure we are heading towards 7k-ish but hopefully we never go back below 6.4k. If we go back below 6.4 there will be a lot of blood (not like the movie).
Then in the middle term there should be a bounce back above 10k (I hope) but breaking above 11k and most importantly above 12.4k will be very tough.
Just hoping the halving will make things move to our advantage, but the technical analysis is looking very ugly in the short term
Posted 10 days ago.Then in the middle term there should be a bounce back above 10k (I hope) but breaking above 11k and most importantly above 12.4k will be very tough.
Just hoping the halving will make things move to our advantage, but the technical analysis is looking very ugly in the short term
I was talking about this 6.4k price, not surprised at all we went towards this price, thought it would be in December though.
Quite confident there is a bounce back from there though. It is a major and strong support.
Yes, I remember this post. The current situation is very ugly, looking more and more like the end of 2018. I would not be surprised if we go to 5.2k to form inverse head and shoulders. Cryptowinter is not over yet. Even 3k (and double bottom) is not impossible.