China did it again, another fake news to shake out the bitcoiners. INitially a sharp drop but slowly dying out as the news that it was Fake with only a core of truth was released.
Ppl are still nervous due to the huge rises we got and no one is sure if this is the real rise yet.
Personally i think we are nice on schedule and will encounter more of these 20-30% drops on the way up, do not fear but be careful with Margin positions
Anyone just buying and holding should see nice returns in the next year as they did in the years before.
Price expectations is sideways till 11-12 sept max then i expect we will continue the rise.
Next major correction is not expected till we pass 5k USD (my targets are around 5500$ usd to start lowering my long positions to try and buy back at the 4200-4300 level
Ppl are still nervous due to the huge rises we got and no one is sure if this is the real rise yet.
Personally i think we are nice on schedule and will encounter more of these 20-30% drops on the way up, do not fear but be careful with Margin positions
Anyone just buying and holding should see nice returns in the next year as they did in the years before.
Price expectations is sideways till 11-12 sept max then i expect we will continue the rise.
Next major correction is not expected till we pass 5k USD (my targets are around 5500$ usd to start lowering my long positions to try and buy back at the 4200-4300 level