Quote from: hase0278 on February 08, 2018, 11:42:01 PM

Quote from: exstasie on February 08, 2018, 09:32:55 PM

Quote from: arpon11 on February 08, 2018, 05:07:10 PM

I just read this comments on reddit and I believe this should encourage some of us to keep holding our Bitcoin! This is a hard things to do in the present of this bearish trends that we have seeing since the beginning of this year. I think we are going to have a new set of holders if we sell our coins now and this might create a new investors out of the dump.
https://www.reddit.com/r/Bitcoin/comments/7w2f83/bitcoin_bull_is_not_over_novogratz_raises_250/

I agree, generally. But this widespread sentiment that "the bottom is in, next stop $100k" is beginning to worry me. If most people agree on that, then some more shaking of the trees is in order.

We've been through lots of corrective cycles characterized by bull traps and eventual rounded bottoms. The weekly candle closed below the 20MA. That hasn't happened since early 2016. I am very bullish on Bitcoin in the next few years. But we should be open to the idea that something has changed regarding the mid-term bull trend. Bitcoin has bull-trapped a lot of people for 2 months now, so there should be significant resistance overhead.

These levels will become more precise as we approach them, but my general take hasn't changed: $11k-13k, maybe a bit higher, should serve as solid resistance to sell. Then, wait and see where the bulls support the price. Hopefully the lows are in at $6,000. But I wouldn't wait until sub-$6,000 to sell.

You are right since in that price range, the resistance comes from bitcoin hodlers themselves. I also doubt if ever bitcoin would rise back to price higher than that in the next coming weeks, there is too lot of hodlers that wants to sell IMO and most of them doesn't want to wait until sub $6000. I also wonder if we will see another dump or not in the next days to come? Well I hope that isn't the case.

So hard to tell that the rise will came on just few weeks since we all know and observe that the dump is so severe and resistance is still unreliable. But maybe we can see some little pumping and I really think that one will remain their and the true pump will came after this bad,fake or whatever you call it erased on the system.