Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
It is going down - 500 to be tested soon.
Reason: we are not that much below the long-term trend, so given the sentiment, we are "hanging in the air" when the solid ground is in 400-500, below that is a steal and above that is hopes.
Reason: we are not that much below the long-term trend, so given the sentiment, we are "hanging in the air" when the solid ground is in 400-500, below that is a steal and above that is hopes.
Well, I hope you are right, I had a large deposit which hit today Bitstamp and I placed all my bids between $520 and $400.
Doesn't look too good ATM to be honest, but patience is a virtue.
Could take more than a week to see a real pullback. After the price bottomed at $65 in June 2013 it shot up to $100 in 6 days, and another 6 days after that there finally was a pullback where it touched $77 again and then stabilized around $85 before going up further.
I remember very well. I loaded the truck between $65 and $100, I bought so much that my average buy in skyrocketed from $10ish to $30ish. Good times.
Anyhow, I have to admit that at that time I expected the price to revisit the $50s, so I missed the opportunity to buy even more... But I remember those days with joy, I cannot help laughing out loud when I remember the hilarious gifs TheKoziTwo posted while we went down...
Do you remember? The '80s... The '70s..... The '60s.....
Lol, what a pity that we missed the '50s. I would have loved a mad-men themed gif
