Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

This actually might be one of the most horrible sell offs in the BTC history imho I did bought a DIP on this one… but would have preferred the other direction for sure…

For sure, it is no fun trying to catch a falling knife or even to realize that it is a falling knife until some later point.. not that some of us are trying to be precise with any BTC buys that we might be making, but when the BTC price keeps free-fall dropping there can be some regrets regarding some of the earlier purchases that were thought to be "buying the dip" but those supposed "buying the dips" ended up getting executed at seemingly quite a bit higher prices than the current price.

Looking pretty bloody now.. .so geez, when is it going to end, if at all?

Maybe we are really gong to zero, this time?

Nobody knows what is a reasonable target.
It needs to play out.

We have just broken the bottom of the range that we've been stuck in. So it's a good place for a long right now but I certainly wouldn't be overextending at the moment for obvious reasons.

This crash is happening in almost every asset class, which means as soon as we get some soothing sounds from the powers that be this could turn around quickly. There is Covid vibes all over this, who is going to be the next mindrust?

I'm glad to see Paashaas is out celebrating his victory of the German government and mt gox distribution effect to the entire world's markets. A congratulations is in order. Who would have thought (other than Paashaas of course) that mt gox could have taken out every asset class in the world all at once on this day.