Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

It won't take that long anymore before the grind up starts, 1 a 2 months.

https://twitter.com/BTC_JackSparrow/status/1283890007464456198

I have similar feelings, a "one last dip" scenario in the coming months before bull-run starts next year (or the end of this year).
Ironically just found out I'm getting a decent fiat inheritance from an in-law (completely out the blue), but won't be distributed until early next year Angry

It's nice news, but I want to be buying up 6.5-7.5K range as per usual, not some 10-14K range next year, it seems very likely the fiat will lose 20-40% of it's value by then Roll Eyes

Solution: Currently on the hunt for an off-line low-interest loan to cover me until inheritance Grin

All is possible, though I wouldn’t be looking for 6.5K coins myself, just be happy what you can grab when you can ...

Not specifically 6.5K to be honest, got enough of that already so happy to move average higher. I wouldn't be going in before sub 8K though, that's roughly the current descending triangle measured move target, that from my studies of Bitcoin's 10 year history generally has a 80% probability of reaching, at a minimum, if confirmed.
Way too predictable imo, not that anyone wants to hear it Tongue

That said, when dumping shitcoins then it's best not to be too greedy, start selling the rally once the dead cat bounces Wink

Anything between $6.2-8.2K bearish trending moving average resistance on the Monthly chart looks fair game to me

Here's my reasoning for 6.5K as lowest bids, not convinced we'll wick below the 200 Week MA again this time around:

It's not only just above the 4 year moving average, but also the average traded price in the past 4 years. It's perfect!

I think 6400 is the biggest area of support right now, based purely on Price Action, nice to see some confluence