Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Why are you using his year old prediction?
There is another in his telegram channel and it is much more actual:
And here is his last comment (week ago):
There we have a weekly ma200 for 4000. We can visit it. And that fits the picture above.
So, according to this traingle picture we will see something around 4K till next year.
There is another in his telegram channel and it is much more actual:
And here is his last comment (week ago):
There we have a weekly ma200 for 4000. We can visit it. And that fits the picture above.
So, according to this traingle picture we will see something around 4K till next year.
I am starting to think that maybe, new ATH won't happen any time soon. (in the next 2 years) If this shit graph becomes real, you should target the halvening after this one. Not the next one in May/2020. BTC can always surprise us suddenly but I am starting to lose hope.
It would make sense too. The bigger the triangle, the longer we wait for the next run. 20k ATH triangle was a lot bigger than the 1k ATH triangle so the bowl should be wider...
Even when you consider how many fingers were burnt at the end of Q4/2017 and after, it should naturally take a while to gain the needed faith into this powerful asset again. Until then it's mostly bears going to the party.
But why is the support line not starting at the very bottom, this would make a visit to slightly below $5000 more likely, if my weak eyes are seeing this correctly?