Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 07/05/2020, 15:12:34 UTC
⭐ Merited by LFC_Bitcoin (1)
Above 10K at the halivng? I can live with that.  Wink

Me too

Call me a party poop.

Even though getting past $10k feels good right now, but really can we break through.. and then can we retain it?

Sure breaking through $10k is one thing and retaining a price above $10k is another thing, and personally, I am already feeling that our current price location is bullish as fuck, so I am not going to be disappointed, even if we correct from here... but who knows?  who knows?

There is a kind of past experience that gives credence to "the trend is your friend," yet many of us who have been in this game long enough have been shell shocked so many times when we get dumped on in the midst of what seems to be a trend.  Surely no one wants to be that guy who sold too much too soon on the way up including lacking confidence of breaking through $10k and then we end up testing $13,880 within the coming weeks.

Which one of us was it who said that whenever we get a BTC price doubling in a month, then we should have a clue that a local top has been reached?  Maybe Marcus?

We are coming on the halvening, but we are also coming upon two months since our $3,850 local low.  Right now we are at about 150% above such local low without any meaningful correction...   I am NOT going to proclaim to know anything, even if you might be able to recognize that I am feeling nervous in regards to whether our current location might be slightly overheated.... I am not complaining and I am not really tweaking anything either ( I last tweaked around March 24).. so I am largely prepared to just let whatever I had planned and prepared to just continue to ride... under the theory of let the price come to you rather than you going to it.   Wink