It is happening today.
It is looking very much like 4 months ago, but will november repeat itself?
If we reject resistance we either retest it next week or go straight to sub-2000 starting next week.
The next few hours will be decisive. Every trader is watching.
Bears cannot handle the risk and are closing their shorts ^^
If you go to bed soon you might wake up to 5000$ Bitcoin. Or 2000$.
Thought most likely is we reject resistance slightly and then go to indecision for a few days.
This market is slow...
On the other other hand (there are alot of sides to this coin), crypto market cap is barely hanging on to that bullish trendline.
If it falls below this week... It could end in massive selling as every long term buyers have their stop loss there.
So maybe this markets starts moving fast. It is only slow when it goes up after all.
Pray for the bears. We can do this.
It is looking very much like 4 months ago, but will november repeat itself?
If we reject resistance we either retest it next week or go straight to sub-2000 starting next week.
The next few hours will be decisive. Every trader is watching.
Bears cannot handle the risk and are closing their shorts ^^
If you go to bed soon you might wake up to 5000$ Bitcoin. Or 2000$.
Thought most likely is we reject resistance slightly and then go to indecision for a few days.
This market is slow...
On the other other hand (there are alot of sides to this coin), crypto market cap is barely hanging on to that bullish trendline.
If it falls below this week... It could end in massive selling as every long term buyers have their stop loss there.
So maybe this markets starts moving fast. It is only slow when it goes up after all.
Pray for the bears. We can do this.
Bulls have shown us their incredible strength and this bull break has seen an incredible follow up of 12 dollars or 0.31%
2 1/2 hours later the price is down 65$.
If I was a bull I would be very sad right now.
Betting on a losing horse and the potential reward isn't even that good.
Price falling 12 dollars in seconds as I write, cool.
This can't be it thought... We got so close to that resistance.
But it has not been reached.
Sellers are that eager?
It can be drawned on the combo of 5 exchanges I use which is pretty representative, or BLX chart, or coinmarket cap, daily or weekly chart.
No matter the chart, that line was not reached.
I guess - HAHAHAHAHA - ONCE AGAIN, eager sellers have overcut resistance.
See? Bitcoin has been like this for the past 12 months.
People overcutting.
As soon as the masses know about a support/resistance/strategy it STOPS WORKING!
This is the reason why I will NEVER give my top strategies, no matter for what price.
Why would I share if I know they are going to stop working?
I can share ideas, and my non top strats.
Kinda wanted to add to my short if it went up...
Bitmex keep funding longs, my liq price keeps being pushed down.
These scammers... They really want to kill the bears. Even with cheating the bulls have nothing. 0.31% lmao.
Not sure we will be able to get out money back even if things go our way...
It seems so unlikely to go up now. How on earth could it now...
Oh the price is down 3.5% now. Haha :D