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

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 little 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. It's 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.

Man is my English so bad? Cry

what was the ATH of 2013? $1163

did we ever go under this level after the 2017 ATH. NO.

March last year was a very big black swan event. we had something similar never in the short history of Bitcoin.

after ATH 2017 we had a crypto related balck swan event in autumn 2018. the Hash War of BCH and BSV. that was the lowest low of the bear phase after 2017 ATH. even the bigger black swan event of March 2020 drove the price not below.

if you cross a former ATH I consider it as a bull phase until the next ATH. this ATH is of course unpredictable bit if you consider a logarithmic scale it must be much more higher as the previous ATH because the inflation is halved on the halving event.