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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 03/07/2022, 17:56:31 UTC
Quote from: cAPSLOCK on July 01, 2022, 01:42:15 AM
Quote from: cAPSLOCK on June 30, 2022, 12:25:15 PM
Quote from: JayJuanGee on June 30, 2022, 03:22:24 AM
Quote from: cAPSLOCK on June 29, 2022, 01:08:45 PM
I think we HAVE to go down some more... but that chart is encouraging a little because the money to be made playing this reliable game means the price want's to be made to go up.  We COULD have bottomed as many people say... but usually bitcoin bottoms are more violent than this one has seemed to have been.

If my memory is serving me very well, our move down to $17,593 (a mere 11 days ago) was pretty violent so far.. and we are still more than 10% below the 200-week-moving average (which also feels like a kind of ongoing violence.. but what do I know?).. It kind of reminds me of  our early 2015 bottom down to $153 or whatever it was?  That felt violent, too... but what do I know?


I hope you are right...  I guess the part I am not seeing is the sort of action that makes this look like something other than just a big bear flag.  The DOWN was violent, but the UP has not been.   Yet.

Plus we keep dipping into weekends which never feels very "yay".

Well.. it's not exactly Kill Bill yet, but we're to Pulp Fiction for sure, I'd say... Smiley

I surely have not been excited about our ranging in the past week-ish... and maybe if the BTC price can survive prior to the close of the weekly candle (which is about 6 hours from this post), then there might be a break out around that time...

hahahahaha  I don't have my hopes up.. even though sometimes we do see BTC price moves  that come at the end of a weekly candle.  Up or down?  who knows?  50/50?  49/51?  51/49?  I have my leanings.. but I have not worked out the exact numbers, so why say anything further at this point?