The only reason we're going under $200 again is because the FPRs haven't attracted a new bear whale yet. as soon as we see a giant ask wall low enough, it's gonna get eaten like fried chicken at Sunday potluck.
This is why I'm only 2.5% margin long right now. Have to keep my powder dry to hunt bear whales.
so who's the sucker gonna be?
In past FPR raids, how much time is it between the crash and the spike? A few days?
The pattern gets flatter each time. It could be several days to two weeks before we go over $240 assuming the pattern is even still valid. That was by far the largest crash bitcoin has had since 2009 and reversing market momentum may be too much even for the FPRs.
For example I would love to buy more BTC right now at what I consider bargain prices, but I can't afford it. I wonder how many people are in a similar situation. I would imagine there would be some whales looking to get in cheap, but with the macroeconomic picture deteriorating by the day, they may have bigger concerns than our little experimental currency.