Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
One little topical hopium salve for today?
Also from another macro-angle looks like a re-test of support. Price needs to reclaim $48K soon though. Closing back above the 200 Day MA @ $47,774 would be a good start.
Otherwise with price getting rejected by $48K as is currently the case it opens the door for $46K and lower. At least the end of the week is still to play for.
Am losing my mid-term bullish bias now that $49K support didn't hold and high volume selling has returned to the market though.
Long-term trend remains up but the short-term recovery was nothing more than a dead cat bounce for now.
As much as I prefer my bullishness (only for reasons of greed lol), I think your theory holds more water. And the volume is just not coming yet. We could certainly be on a dead cat, and it could be 2023 before we start to see it turn around.
I did find that interview. I am not going to rewind to where O'dell make a complete fool of himself (Somewhere in this area I typed that much into the chart, but not sure when lol). But Tina makes a really good case for what could really be happening this cycle. And he looks pretty good in retrospect.
https://youtu.be/rU6A7ao0xqA?t=7988