Does it matter? If it's bull run it's 6 figures next, if it's bear it won't even go to 20k, 30k is already close to a bottom of a bear market, then 6 figures :)
AlanSantana
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@Mikanoshi, Well said my friend. It doesn't really matter for us since we are here long-term, we are already positioned and we can only profit.
Thanks for your comment and support.
kievanrusbazaar
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@AlanSantana, we've had dead cat bounces after nearly every Bitcoin cycle top. It's too hard to ignore, yet most people do. It's easy to get caught up in the euphoria after when things seem to be going up again after a downward trend. It's easy to miss the dark hand come down and squash you like a bug.
Namaste! Thank you for the good reminder and TA brother!
Mikanoshi
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@kievanrusbazaar, not a confirmed top though. Imagine thinking it is one and being wrong twice, in Sepetember and now.
AlanSantana
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@Mikanoshi, True. We are open and prepared for both/all scenarios. Up/down/sideways/bust.
@AlanSantana, Of course it matters ... For you buying 10 btc or 30 btc with same amount of capital is no difference? Strange. You guys must be Billlionairs
@Ben_vouh, Because I use log regression growth channel on macro scale, its bottom is moving up fast with time, 30k was the middle of a channel, now after Bitcoin was moving basically sideways for more than a year bottom is around 28k and will be 30k in a couple of months. Doesn't mean Bitcoin cannot drop below it, but if it does it's be the best time to buy.
AlanSantana
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@Mikanoshi, Check EMA50 monthly long-term and where corrections end for BTCUSD.