BTC Will $3.200 Hold This Time Around? Probably Not.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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Title says it all - we'll see how it shakes out. We had called a few months back for a bounce at $3,200 it bounced hard at $3,210 - can it bounce there again? Sure but even if it does we don't think it holds. Nest stop - $1,226 eventually on the way to $398. If you're a hater or stuck long ( same thing ) please post our home runs along with your rude/uninformed comments. Thank you. #Bitcoin #Fintech #Crypto #BTC $BTC #IoT
How is you're view on BTC right now? Still thinking of $398?
london55555 Netromforlife
@Netromforlife, Nothing has changed for us - Good luck.
+2 Reply
Netromforlife london55555
@london55555, Thanks! (:
+1 Reply
The die is cast!! Good Luck!!

Thanks again for your insight.

Will you be DCA-ing (Dollar Cost Avging) your way down just in case it does not hit $398 or plan to ONLY be long at that price?
london55555 Raffoi24
@Raffoi24, DCA is the fastest way to go flat broke no matter what the "experts" tell you that are talking their own book because they can't spot a close to low number re Tom Lee and Fundstat calling for BTC to $50,000 a year ago - how has that dollar cost averaging working out for his clients? Good luck.
+6 Reply
london55555 Raffoi24
@Raffoi24, p.s. You're welcome and thanks for the comment.
+2 Reply
It's such an interesting chart now. It literally looks like a bouncing ball that eventually rolled off the side of a table and now heading for the stairs. The weakness is so obvious now in hindsight, but being a new trader it was difficult when so many bullish sheep were pounding the table calling the roll an accumulation phase.

There were some apparently decent traders that called 3k from way off, but then just as Bitcoin was about to roll over, they too rolled over and went bullish! But anyhow, you called 1226 from way off so I wasn't interested at all and have just been using the chart as a study tool.

It's funny also to see how these traders with twitter accounts etc just gloss over the fact that they went the wrong way at the critical moment, or they said "you're not a real trader unless you buy the crash @ 4.3k and unfollow me if you don't." and they must have got rekt, but they don't mention it, as if it never happened. But that's not how I roll now, cos learning from the maestro - "value investing" is the way, and perhaps the long journey to learning algorithms, if that's at all possible.

Thanks :)
+2 Reply
dRends35 dRends35
apparently "decent"
london55555 dRends35
@dRends35, You're welcome and it's also interesting to see these Bitcoin bulls such as Tom Lee of Fundstat that at the start of 2018 called for BTC $50,000 or even more and they come on CNBC and are never asked the hard questions such as "what about the people that listened to you and bought at 15K looking for 50K as you said"? When the founder of LTC Charlie sold near the very top he knew exactly what he was doing and gave all the retail buyers the "it's for the good of the company line" but being exceptionally smart he CYA and said "LTC can drop to $20 in a crash" that's when it was at $280!!! One thing is for sure there are no experts in crypto only founders that sell to retail suckers.
+5 Reply
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