Post
Topic
Board Speculation
Re: BITCOIN DUMP - CHINESE ARE OFFLOADING...
by
squatter
on 12/09/2017, 08:28:21 UTC
Is a monster dump on the way?

I'm looking at the charts and seeing quite the opposite. I am seeing loads of FUD combined with incredibly bearish sentiment. And all the while, bears simply can't push the price down. Rejected over and over. Accumulation.

We are setting up for another strong leg up. It might be the blow off top that the bears were hoping for. I suspect the current consolidation is garnering lots of short positions which will be squeezed at the top. Then we can finally have a real correction. $6000s-$7000s IMO.