Yes, I'm bullish Bitcoin in the long run, but in my opinion, sometimes, in the near future, a deep correction will happen, and the road "to the Monn" will not be a straight line. I have 2 main reasons when I say that bulls lost their power: 1. The ATHs are anemics 2. The trend line and horizontal support are touched too many times , are too obvious, and to make money trading should not be so simple
Of course, I'm not recommending shorting a bullish market, but these signs represent a big alarm in my book. Time will tell, but a still expect 40k zone for a buy and hold.
Bitcoin didn’t lose any power. This is literally douchebag Whales who have enough money to set ginormous buy limit orders at really low prices at the same time as selling huge loads of BTC acquired way earlier at low low prices at times when the market is slow so it drops the market and they can shake everyone out, hitting stop losses and panic selling. Then increase their positions immensely at ultra low bargain price right before a huge pump while everyone goes back to buy their positions back but now at a higher price pushing the price up that much further. We are going to 78k soon, over the next month maybe sooner. Whale presents is higher than I’ve ever seen it before right now
BlockchainFaith
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@MoneroMo Omgosh I love you. Thank you for reminding me what my spirit knew, but my logical mind was playing games w/ for a NY minute~
How can you possibly know about "whales presence"??
Also what are you thinking this is? A risk free roller coaser "to the moon" where it does not matter where you enter al long as you go long??
We are seeing a massive correction of an overextended market that has been overextended and in divergence ever since it hit 30k, and yet you go on and speak of 70.000 USD soon...
Man, wake up! For one sec, imagine what would happen if the USD behaved the way bitcoin does:
One day it is wort a dollar, the next day a dollar fifty, one week later 70 cents and a month later two dollars....
How would a business be able to make money?? How would countries be able to guarantee fair wages??
How could international trade be secured without setting one side at a giant disadvantage???
Think man, think!
Mirror_Riker
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@Coinilicious44, You're confused man. Stay away from the crypto market.
You are right man... , I'm confused over how I can possibly get across as confused when I clearly tried to state intelligent questions for people like you...
Read it again, maybe I'll start making more sense then..
Read and think man, after every line.. Read and think my friend...
Mihai_Iacob
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@Coinilicious44, best comment ever.
Thanks man!
I keep trying to explain ppl that trading is not so simple as buy and hold, and if you have this strategy you need to wait years for 100% and crypto is doing this in one week...
I have friends that ask me why they falled...it their mind to put 10k and have 100k in an year is normal
AND THIS IS THE REASON THEY WILL LOSE ALL!!!!
Coinilicious44
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@OptimoomFX,
I agree,
I once thought I could double every week with Forex...
I did so for about six weeks [I'm talking about turning 200$ into 1200$]
But at some point such behavior just causes turmoil to the economy as a whole...
Especiall when we are talking about millions.
Redundant to mention that the market took it away from me again.
There's a reason why Warren Buffett made "only" 20.5% over the course of his life per year.
@MoneroMo, Yes so true very healthy drop and great buy opotunity..Better to but in at 55k than 65k..
I dont own BTC this time round as its altcoin bull market now.
Why buy BTC when you can 10x most good alts when BTC will do 2x
Its wont go down lower than 51k for now.