Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Looks like after 1/2 days of Bitcoin being rejected at above $41,000, there's another momentum building up likely caused by the Ethereum London upgrade.
Fuck Ethereum. Have you never heard, Zicadis, that the tail does not wag the dog, or do you believe in fantasy causation theories?
Currently looks like a strong support is forming at well above $35,000. It looks to me that the cooling-off period for Bitcoin was brief and that the market is looking green again.
Three consecutive buy orders was enough to send BTC on another raly.
Three consecutive buy orders was enough to send BTC on another raly.
Huh? We can proclaim that king daddy is a product of order book activities that have been happening over the past 3 days? That's a pretty narrow way to view what makes the king tick.
The orderbook confirms this bull where we see that majority of the people want to buy Bitcoin and accummulate more for what's to come ahead.
So we are going up from here? For sure breaking through $46k or you cannot see that far ahead?
Unless we see a sharp sell-off (at this point in time this seems unlikely), we're not likely to go back to under $30,000.
You are thinking that the bottom of $28,600 is in, even if we have not made it above $46k, yet?
Maybe I am thinking too conservatively? I gotta be more bold, no?
So get your Bitcoin ahead of the institutional buys, and you will be glad you bought at $37,000.
Can't disagree with the point that retail does still seem to have decently ongoing opportunities to front run institutions, and likely sooner is going to be better than later in that regard, especially if there are preferences to buy coins at relatively cheaper prices.. even though from my perspective, before we get above $46k, there still seem to exist quite a few uncertainties whether the bottom of $28,600 is actually "in", but sure, Zicadis, you could end up being correct with what you seem to be saying is that we can feel some confidence that the bottom is in, even if we have not gotten above $46k yet (in recent times).