Ninjastic
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Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
somac.
on 27/05/2021, 13:00:21 UTC
Quote from: somac. on Today at 12:59:35 PM
Quote from: Gyrsur on Today at 12:47:00 PM
Quote from: somac. on Today at 12:25:27 PM
Still not 100% following you, but this dip was certainly nothing like the 2017.

it's almost a rule that in a bullish phase the lows of bubbles are not lower than the former highs of the pre bubble. there are very few exceptions if you scan the chart.

in a bullish phase the price will never fall under the former ATH. exception was in January 2015 but the fundamental was the break-in into Bitstamp (the second important marketplace after Mt.Gox which bankrupted in early 2014).

it's very clear for me that this is not the end. why you guys have so much s**t in your panties?  Shocked
So what your saying is the bullish phase is over (for a litte at least) and by "not the end" you mean it's not the end of the correction.

Sorry, for some reason I'm just not understanding what you were getting at. Its your wording that is confusing me.

IMO though we have witnessed another March last year type of an event, brought on by mass FUD attack, completely overblown by the noobs, and therefore any technical analysis based off it is completely inaccurate.

Including the low being lower then the previous high.