Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
One little topical hopium salve for today?
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.
I respect your TA work and cool headed approach, @dragonvslinux
So without any pretense at being a TA guy (which I'm not - my SOMA engine stops as soon as I mention TA!), I would suggest we just wait out the mother of all options expiries on Dec 31. I suspect there is an artificial additional load on price movements as it is now. On Monday, Jan 3 we can get back to our little discussion party and have fun without that huge smelly elephant pooping on us.