Wolf
Short

Bitcoin needs a break

POLONIEX:BTCUSDT   Bitcoin / Tether USD
Hype is real, but market can't get too greedy. I present you an idea of a bullish trend where it might be reaching resistance and the market is overpriced in the short term.
I think everyone is drawing this line lately...
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Wolf IvanLabrie
@IvanLabrie, I think anything can happen. I could be wrong and it goes up more. What is is important to consider, is that it is technically already in a high position, in which if one decides to buy now as a short-term investment; it would be more of a gamble. It's better to be smart now and don't have the risk to be caught being greedy.
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@Wolf, I see what you mean, certainly high!

Do you have a stop in mind if long?
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Wolf IvanLabrie
@IvanLabrie,

I can't really say, it would be only guessing by price action and many indicators, but I think it would be too speculative.

6,000 was my psychological stop, but what do we have to keep in mind now? Time. Specifically with the fork. Just take in account that if a 2x hard fork will happen in November 23th, it doesn't necessarily mean that price will drop or go up during or after that date. Psychologically people can dump before by fear at any moment.
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@Wolf, yes, people have been selling, or in alts for a while. Should be interesting to see how far it goes before dropping. Best of luck.
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