Now that the top is in for Bitcoin, we can look at the next low!
we know that the pump from $4k to $5k was just that; a coordinated pump ...
my guess is that it's the same people (<- whales) who tried to maintain that fake $6k bottom ... and that failed, so ... I don't think it will work now either; the next correction will not bounce off $6k to go straight to $8k - $10k ...
if everybody start shorting like crazy, that alone will make it drop well below the $6k and then the panic sets in ...
back to where it belongs; low enough to make sure those whales leak/lose bitcoins at a rapid pace ... prolonged!
short to $4.200 ... here we go!
my guess is that it's the same people (<- whales) who tried to maintain that fake $6k bottom ... and that failed, so ... I don't think it will work now either; the next correction will not bounce off $6k to go straight to $8k - $10k ...
if everybody start shorting like crazy, that alone will make it drop well below the $6k and then the panic sets in ...
back to where it belongs; low enough to make sure those whales leak/lose bitcoins at a rapid pace ... prolonged!
short to $4.200 ... here we go!
Comment:
damn ... it's getting real close to the top again
I shorted early and high enough, so once it dipped below $7k, I could set a stop loss at $7.150 and still make a bit of profit, so I got out just on time ... pfff
just waiting now to see if it goes for another run, it really could go either way now
I shorted early and high enough, so once it dipped below $7k, I could set a stop loss at $7.150 and still make a bit of profit, so I got out just on time ... pfff
just waiting now to see if it goes for another run, it really could go either way now
Comment:
it's at $7.8k now ... $8.5k? sure, why not?!? nobody is selling yet ... of course not, why would ya ... as long it goes up, we might as well wait a bit more.
but to think that $6k is now the new support and that it will hold ... no, of course not, the same will happen, but in reverse ... once the selling starts, nobody will buy anymore and it will be an absolute massacre
granted, it might bounce at $4.2k, as in, not $2k, so that then means it's still in a bull market, but it might take months and months for the next parabolic climb ... as it should be
yes, that's what I'm saying, if bitcoin bounces off the $6k levels and starts a new bull run all the way to $200-$300k ... than bitcoin has failed; what we have now is not better than fiat or fractional reserve banking ... we didn't solve anything!
we need a prolonged bottom period to flush out all the bad actors first, you know, like 98% of the exchanges
but to think that $6k is now the new support and that it will hold ... no, of course not, the same will happen, but in reverse ... once the selling starts, nobody will buy anymore and it will be an absolute massacre
granted, it might bounce at $4.2k, as in, not $2k, so that then means it's still in a bull market, but it might take months and months for the next parabolic climb ... as it should be
yes, that's what I'm saying, if bitcoin bounces off the $6k levels and starts a new bull run all the way to $200-$300k ... than bitcoin has failed; what we have now is not better than fiat or fractional reserve banking ... we didn't solve anything!
we need a prolonged bottom period to flush out all the bad actors first, you know, like 98% of the exchanges
I guess, the sales will start on monday then ;-)