Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
People seem to become nervous in here. "Common sense; euphorias last gasp; MUST MAKE NEW LOW; WOULD BE HEALTHY..."
"new Low is good for the health of the market
give me some $100 coins, the best thing that can happen for Bitcoin is a new low 
" fonzie, is that what you want me to say ?
I´m saying that an awesome amount of new traders(~10 only in the last 2 days) appeared here who are 100% sure that the bottom in the 2xx or 3xx range, probably a lot of them have sold during the downturn, when they realize that it (probably) ain´t gonna happen they will be forced to buy back @ higher prices. Ask side is totally empty which could deliver us a few nice upward spikes and enleash more bullish sentiment. I´m all in since 450$ btw. If you sold above 550$ you´re probably not in a hurry to buy back now, as a trend reversal is far from beeing confirmed, anyone that sold below 460-470$ should probably reconsider a part of his strategy if he is in full FIAT.
In my eyes the demand around or below 400$ is way too high to get there.
I am playing this in a long period trade, I sold my first half of coins 2 months ago @ $630 and the second half 2 weeks ago @ $585 , I am in no hurry, I will wait for that 3xx, even if it takes weeks, if the chart shows any signs of reversal I will reconsider my position.
because right now, the chart is more bearish then bullish, both the 1w and 3d charts are showing a long slow bear market, and for that to change we need a huge pump with big volume that must bring us above $650...
3d
1w
