even if this happens i don't really believe it will happen so fast, maybe after going back to 13-15k. then there are still new chances back on 11.5k/10k. so it makes not so much difference until it falls under 9k. reason is simply, why should one sell into this kind of counter movement already with raising prices where everyone thinks they found the bottom now, even if it goes 10k again. just watch the news tomorrow. you would rather wait until a strong countermovement establishes and then maybe sell. why sell on 10k if you could possibly can do the big sell on 15 or 20k. there is no more rush after stablization at this point already.
braingsteel
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what do you recommend ?
hold usd and buy at a dip ?
or buy ripple ?
if BTC goes up i am screwed ! :(
mjers
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yeah, forgive me for not taking this seriously... bear trap? google "investopedia" and learn the basics please.
btw, i don't agree with your analysis, a lot of rookie mistakes. but keep it up and learn, you're right, reading charts is fun.
Do you even know which candles I claimed were the bear trap?
jeremyalain
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agreed. coincides perfectly with the FUD! give the people FUD, shake the loose coins out of their weak little hands, and scoop it up and pump! wall street and korean govt officials all winning on both sides of the equation. no worries. still plenty of dough for us to scrape up with strong hand holding and patience
Cradlethebomb
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Bear Trap?
Kevin.C
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@Cradlethebomb, A bear trap is a situation where the market will scare sellers into filling the orders of the bulls so that the bulls can load larger positions without raising the value against themselves.