Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Biodom
on 21/12/2019, 01:59:39 UTC
I feel like I'm getting deja vu now. It could just be due to alcohol, but what if $6,430 was the low? I remember when $3,130 didn't look like the low either. It also looked like we'd probably go lower, due to the technicals. Now $6,430 doesn't look like the bottom as well. Maybe we don't get obviously defined bottom, yet again.

https://www.tradingview.com/chart/BTCUSD/lfSA4LWe-BTCUSD-Measuring-The-Move-of-the-Descending-Triangle-Breakdown/
I've said it multiple times, I think we're going lower, to the $5k area, but that also this could actually be the bottom.
Compare it to the 2014 bear market. It looks a lot like it.



Maybe it does or doesn't, but the timing is all wrong.
I would stick with S2F until it is proven wrong (or not!)