Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
makrospex
on 04/01/2020, 14:15:30 UTC
Good morning WO!
Observing @ $7,346

Are we going bullish?

As long as we stay below $8.200 in january, i'd be bearish (short term).

Probably because of this chart?

https://s32659.pcdn.co/wp-content/uploads/2019/09/first-trendlines-second-img.jpg



Green: support
Blue: resistance

Would be nice if this chart remains valid. Another move below 7k in January-February would mean 2020 is gonna be shit my dear friends  Wink


I draw my own lines (see some pages behind), but this chart, which i haven't seen before, at least i'm not aware of, would match scenario B (over $8.2k) quite well.
In scenario A (sub $6k) the support line would just have to be skewed to the right a little. Everyone can see in these long term charts, if the ranges become so big, much movement is possible, while still fitting most short- and mid-term prognoses. Post-halvening bullery will come, it's a question of impact, more than a question of time, imho.

Gotta get out now, big meeting with officials.Mainly joining for the free dinner  Grin