Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
For all the WO bulls out there, those wearing the silly caps and posting almost exclusively in one thread, here are my current concerns.
I'm not bearish yet, the $17.9K support level still needs to be broken by the bears with confidence and follow through. There's a good chance we bounce from the 21 Day MA again (blue line, bull trend moving average) like we did a few days ago, creating a textbook bullish higher low. But if we don't, and we end up back at $16K, it's not going to be pretty.
I'm still 95% in. Ironically the 3.5% I sold at $18K from the previous break-down I now no longer need due to a tax based administrative error
It does mean that capital is now back in the order books trying to pick up a wick on a low liquidity exchange pair
It's soon time for strong hands. If you need to sell a % or two to make you feel better about a correction that could go as deep as 25-35% ($13-15K), now is the time to think about it.
After a month of price being overbought, we have now confirmed a rejection from returning to overbought levels. While price remains in bullish territory, a break below 55 could see a re-test of bearish price strength:
I'm not bearish yet, the $17.9K support level still needs to be broken by the bears with confidence and follow through. There's a good chance we bounce from the 21 Day MA again (blue line, bull trend moving average) like we did a few days ago, creating a textbook bullish higher low. But if we don't, and we end up back at $16K, it's not going to be pretty.
I'm still 95% in. Ironically the 3.5% I sold at $18K from the previous break-down I now no longer need due to a tax based administrative error
It does mean that capital is now back in the order books trying to pick up a wick on a low liquidity exchange pair
It's soon time for strong hands. If you need to sell a % or two to make you feel better about a correction that could go as deep as 25-35% ($13-15K), now is the time to think about it.
To all beartards shilling for some mumbo-jumbo Unicrap shitcoin DEFI shitsystem: you realize that you only report pumps/ups post-factum you never managed to predict a single one. Instead, you're always here to predict doom and gloom 35% dumps etc... 90% of your predictions are bearish (the same for Wekkel)
c'mon get a life guys 
Of course, I'm only posting here for some signature campaign (where signature aren't shown!) not cos I actually care about people's opinions here or this thread
I say I'm not bearish and then get accused of being 90% bearish, while hodling 95%+ of wealth in Bitcoin for last few months? I must be doing it all wrong!
I only warn people that 35% corrections exist, are routine and normal. The question is not if but when. 90% of my TA is neutral and critical, ie not a perma-bull no.
And sure, I've never made an accurate prediction of Bitcoin in my entire life. I'm always wrong, every single time.
