stelakis

Pre-mania levels now... will they hold?

Short
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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5
BTC (and all xxx-coins) is at the pre-mania levels of Nov 2017... yes, sorry young lads and lassies but you wont see BTC = $1,000,000 .... So now the level that needs to hold is the $6500 ... if it holds there should be a range for a while and then going down again.... if not we will reach the next bulk of investors that bought (and held) $4k levels (gee $15000 profit per coin wasnt good enough?)

One thing is for sure.... lots of training wheels for novice traders.... those under 30 years old I may guess....

So, should you buy now? that is lower? While I see no logical explanation why someone needs to buy BTC at this point (or before) if you do and you cant help yourself, I would buy with a stop above $7390 and then again above $9046...concomitant with a stop to sell below $6000.. and if things get bad then retrieve, evaluate and repeat the ..."falling knife".... but then you never know... $20000 may be just around the corner.. :) :)

Have fun and happy trades everyone....

Comments

there is no support level at 6.5 - why would it hold?
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