Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
this is the first time ever I see a 1,5k Wall on Huobi.
beginning to scare me.
beginning to scare me.
there, I took my walls down just for you
thank you, what a relief.
*buy buy buy
YES!!!! I have been wondering how low this bear trap is going to go b/c I would prefer to buy a lil MOAR at the lowest point in this series. I was thinking that if it gets down to $420-ish in the next 24 hours... that is about as low as we can expect... absent some kind of negative news.... which negative news (or FUD) is always possible to help to drive some additional downward price pressure(s).
In sum, I am thinking maybe to buy a little bit at $420-ish... if we get there. I welcome to hear any other theories about the extent of downard price movement, here.
If you like EW,
There are some very good counts to suggest we have hit the bottom, but they are subject to testing soon.
IF we hit 420, it is all about the way we hit 420, not the price its self. If it crawls down to 420 and the RSI gives a buy signal, then it might be a good idea to buy when it turns.
problem is though, that if we enter the range of 380-400ish there is really no price history from stopping a 320 test. 320 is a no brainer buy so you'd rather have some fiat down there.
but if we can rally past 460 in style soon, I'd go full bitcoin. thats confirming quite a strong and aggressive upside count.
so maybe I'd argue not to catch a falling knife because when you can have a high confidence trade above 420. especially when a robust H&S are set in place.