Were they right ? you have already known it
Now, when btc is near 6k range, lot of people are waiting for 5k, 4k because they think capitulation hasn't come yet. Will they be right again this time ?
the truth is "majority can't win in this market"
Some hints for breaking up instead of going down:
- 4th quarter has proven to be months for bitcoin
- upcoming big event for bitcoin on November "Bakk".
- lot of big events of altcoins in October
you are welcome to dream big at 5k, 4k and be ready to buy expensive. We all know the advise " buy the blood, sell on the pump " but actually majority do oppositely
NOTE: If bitcoin 's price drop below 6k, consider this post is invalid. However, with only 530$ loss (currently price is 6530$), you can get a bigger gain. I don't see any reason for not taking this trade at all.
you can say that I will wait for breaking up before buying. Unfortunately, this market is cruel, if the break up happens, it will shoot 1k$ up because we are in a very big consolidation triangle range for a very long time now. So don't expect the market to wait to let u jump in
NOT FINANCIAL ADVISE
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- more exchanges pop up
- poloniex has constantly been adding new coins
- coinbase has started making it easier to add new coins
yeah, they are doing it because they think bear will win :). LOL
alt-coin marketcap chart has hold support well and are starting to make new higher high.
One resistance is clear
few weeks ago, we will reach 3k-5k
Last week, no way to reach 7k, we will go to 5.7k before going up
right now, what the heck is going on? why don't we drop