Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Argwai96
on 14/08/2014, 17:23:11 UTC
Yep.. I noticed that too... Risto can be a little bit pompously irritating from time to time - even if he may be dropping some otherwise decent data and/or historical perspective.
Oh please. Do you know how many people he's hurt with his "decent data and/or historical perspective?" You do know he thought BTC would be at $10k back in late 2011/early 2012 right? And was actively promoting such stupidity?
Yeah... I had noticed also that he does tend to be a bit more hyper-bullish than the rest of the bullish ones.

Timing is always much harder than levels.  A perfectly correct fundamental thesis, which depends on chaotic maturation processes will always be thus.  You're just exhibiting a short time-horizon here.

On said short horizon, Monkey thinks the uptrend can last 20 hours.

More importantly for me, Monkey calls an ES1 top, CL1 bottom, intraday, now.  (These are counter-trend reversals, i.e. episodes in a larger ES1 uptrend, CL1 downtrend, which are in turn episodes in yet larger ES1 downtrend/CL1 uptrend regimes).

Do you have a chart that shows these levels? What are your targets? I think this looks like the type of sucker rally before final legs down.