Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (1)
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.
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.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.
Already done, two versions extrapolating the 2014 correction
The bullish:
The bearish:
These charts can't both be right, so am still waiting for confirmation as to which is wrong. Likely the second chart however.
Either way, both point to the idea that this is a long-term accumulation zone, hence I'm accumulating.