Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I do believe that this rally signals the 15.5K bottom, but I do not believe the market will just run away and leave me behind. Inflation or Recession or Both!?, these are the options people... but sure drain oil reserves to make CPI print look ok for a minute that'll save us! ... it's going to be a tough year for markets bitcoin included.
Does not mean that it is a good idea to short it when the BTC price is about 75% below the November 2021 top and also about 31% below the 200-week moving average. That does not seem to be very smart.. even if you might be able to keep doubling down on your dumb bet until we get to $50k.
I buy the dips and then sell the rips, this is my contribution to price discovery
watching price and placing bets, doubling down, taking profits, cutting losses. Its fun.
come on you know you wana play
