Hey,
Can anyone explain to me why there is a such a dump just now? I don't see any big reasons why this is happening. I thought we were on the up. I bought in very recently, so i'm starting to get a bit nervous. Trying to hold fast!
Can anyone explain to me why there is a such a dump just now? I don't see any big reasons why this is happening. I thought we were on the up. I bought in very recently, so i'm starting to get a bit nervous. Trying to hold fast!
The bolded? That's why the market is dumping. To shake you out.
Even if the long term bottom is in (and I'm still not sure of that), bear traps are necessary to provide fuel to the rally. The $11,000s was a clear resistance level. Now let's see where support lies. We could be forming the right shoulder in an inverse H&S. Or we could be dropping to re-test the $8,000s.
Previous thoughts here:
https://bitcointalk.org/index.php?topic=2711461.msg30495953#msg30495953
https://bitcointalk.org/index.php?topic=2711461.msg30722727#msg30722727