I am long on bitcoin in the long term future, but there are some patterns that repeat themselves. I am not saying this is the end of the bull rally, but the price is consolidating.
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I think it will continue to rally at some point at the bottom of the range. It needs to pull back at some point. Bitcoin simply cannot sustain that rate of growth for more than a few hours. It was an amazing rally from the initial pump at 5k.
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I did invest in this. I bought at 9k when it held the momentum in the middle of the range. I held through the breakout, watched it all day. Sold at 11.5k. Wish I sold the top of the breakout, but it happened in a minute, and Coinbase was out of service. Transferred to a new exchange. IDK if the sudden selloff was BECAUSE Coinbase went out of service, or if there was a large selloff on Coinbase that somehow halted their service.
Will someone please explain this shit to me?
Will someone please explain this shit to me?