Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
It took 2-3 hours to reach the bottom in the SR1 bust crash when he got arrested and we are at about 2 hours.
The bounce will happen in the next hour IMHO.
The bounce will happen in the next hour IMHO.
How high do you think it will bounce back, and what do you think will happen after that?
Still bullish overall, people that sold still want bitcoins im guessing, so if it stays stable then I expect it to be a gradual thing gaining pace. if it dips again then I think a double bottom (368 bitfinex) is the absolute best the bears can hope for. If that happens we will probably bonce quicker.
The SR crash is below. But this crash is tame in comparison, traders learned a lot from SR imho, they won't sell so easy these days.
