Selling now is like selling at 140k after it had hit 170k from the bottom at 100k (about Feb24).
We all know what happened to those who wanted to buy back lower. They are not here telling their story. That's why it seems that shorters are making money.
Dead shorts don't talk.
We all know what happened to those who wanted to buy back lower. They are not here telling their story. That's why it seems that shorters are making money.
Dead shorts don't talk.
While this statement was made at around the same price we have now, I think it is even more true today than it was the day you posted it.
The Stoch RSI on the 1h / 2h / 4h / 6h / 12h time frames seems to indicate, that we are currently establishing a short term bottom around these levels.
The lack of refilling asks and the sporadic wigs up to 0.00255 - 0.0026 seem to show us there is accumulation happening at this level.
Regardless of 0.00235 holding or not, dumping around here (0.0025 - 0.00235) in hope of someone dumping on your bids a few satoshis deeper doesn't look like a wise decision to me.
When people in this thread post targets like "It could hit 0.0022", where do you think their bids are at? Certainly higher than the suggestion they give you here.