I had a lot of people doubt the recent pullback that I had forecasted but it happened. The psychological truth is, people will believe what they want to believe so if they're a Bitcoin bag-holder, of course they want the price to go up. However, they must never forget about supply and demand.
Anyhow, if history repeats itself which it always does in a similar shape or form, then we MAY see another sell-off before the prices start to stabilize and we all know what happens after that.
And remember, the end is near. -- DISCLAIMER Disclosure: I/we have positions in the investments/securities mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose investments/securities is mentioned in this article.
I am a newbie to this space, I will admit I am a very emotional person in real life, get excited pretty quick so I started looking for everyone that were saying the opposite to what I was thinking, Its taken all the emotion out of my trading. My mates call me Bear Steve, but I think they have been spot on with their TA. I think we will see high 4k. I have ladder buy orders set for the road down. In the mean time I will sit on my hands and let the big boys dictate terms and hopefully dont take my money, Ride the train down and then back up the hill hopefully.. I am only have alts that use USDT as well. Not sure if thats a good idea but I am thinking its better then holding BTC as she bleeds
welf
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@SteveGuinane, that's a good approach of looking at the opposite of what you're thinking. High 4ks is also a possibility. Thanks for the comments!
Jeff_Cryptopop
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I am reading many analysts who I am saddened by their admission that they didn't see this coming. I am a rookie and I did. many of them are sober analysts that predicted the previous drop, but ever since that "convenient bottom" a few weeks back they're all confused. I told one guy about ten days ago that in another two weeks or so, no one would remember his big green candles and that "bull rally." I'd love to revisit that thread now.
If it means any encouragement at all, I believe there will be another selloff as well. Might even happen twice.
Stay safe.
welf
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@Jeff_Cryptopop, Thanks for the comments and I agree on the 1-2 selloffs. Hold on tight!