Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Gachapin
on 08/05/2022, 00:10:09 UTC
pps, the more time we spend below $48.3K, the more I feel like it is possible we go and visit the 55MA, on the ........


MONTHLY


SLUT

That's exactly what theytm want you to think  Grin


.......but I would be happy either way, I only see a win win either way.


And actually its what the chart makes me think (is one of various possibilities obvs) ..... and if you think that the chart is that easily painted......... then that ain't exactly great is it?


Also, it is not that far out of the realms of possibility huh...... I mean the 55 on the monthly is rising pretty aggressively, if I wanted to be more bearish could call the 200 weekly.

Or I could point you to past cycles.....

Either way, there is no reason for joy imo to the upside on the macro until we are over 48.3k at the very least...though guess you could say there is no medium term doooooom, unless we break 33K
  
(ps also, if it does take that route, you never know where the 55 is by then)


(pps- If we put in a higher low on the monthly, or weekly, then that would be great, but atm, price is trending down on weekly, volatility is expanding on the weekly, as MACD turning down, stochastic is turning down , and will not turn up unless we clear 44K, the 10-55ma's all drooping.... dunno, I smell the opportunity for continuation to the downside alongside expanding volatility.....below 31k is aids imo, least to the 55 )

(ppps, if we put in strong support anywhere above 31-33, and create new higher lows, rally a little, come back down test support, maybe some sideways in there.... then off to the races, that would not surprise me either.....nor if we almost insta nuked it to 59K and beyond. ....none of it would surprise me tbh)



Actually I'm clueless how easy it is to paint the chart. However, I guess if theytm could manipulate Gold they surely can do it with the BTC market.

As I said before, it's the chance for the bears. They just need to push a little more to generate a totally bearish sentiment...  Damn I mean even PlanB is getting bearish.. 

Then, with everyone being bearish it will be a good time to enter the disbelief phase...