Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
60K seems to be the next most likely support level on the weekly chart for Bitcoin/USD. I still believe that selling now is a dumb idea.
After that 48.5K - 51.6K slightly likely. And lastly, a bounce from 38K highly unlikely, yet possible.
https://www.tradingview.com/chart/BTCUSD/Up1vjifA-goldkingcoiner-s-BTC-Prediction-for-Q2/
Edit: I am setting aside some fiat for buying @54k, just in case.
edit:Excuse the lazy and inaccurate line drawing.
After that 48.5K - 51.6K slightly likely. And lastly, a bounce from 38K highly unlikely, yet possible.
https://www.tradingview.com/chart/BTCUSD/Up1vjifA-goldkingcoiner-s-BTC-Prediction-for-Q2/
Edit: I am setting aside some fiat for buying @54k, just in case.
edit:Excuse the lazy and inaccurate line drawing.
I am not going to proclaim to know anything with any level of confidence, but I am kind of thinking that there may well be some support in the $54k to $56k range - so I don't have any strong evidence for that, except mere feelings..
And, also we have seen $60k break a few times already, but not really get much below that.. before bouncing back above it..
I am looking at the weekly chart. On the daily, sure, we could bounce off of the $54-56k range, (which is why I said I set a buy order @$54k), but unless it's a bear trap, in the long term we will go down lower than 56k, should we fall under 60k. That is just how I see it. May be wrong, may be right, I hodl either way.
So then why should anyone (whether bears or low coiners or no coiners) be given another opportunity to buy coins in the $50ks? I see no reason for it.. but at the same time, Corn is going to corn.. so it is not like the level of the correction and/or the extent that we might end up staying down to whatever levels that we end up going needs to make any sense.
Corn has a forgiving nature. The non-believers usually get a chance or two to get back into the game.