Lol this is too funny, I was led to believe we were going to see $11000 in the coming days.
I am so happy to have sold some yesterday, my spidey sense was tingling. Now, lets see if I can buy them back at a bargain price. Why do I make so much more money in a tanking market? Probably because I dont buy when its going up.
Anywayz, buy low, sell high, alwayz works for me. Noobs lose money because they do the exact opposite. Lolz!
Yep. Anyone can see that there were a lot of FOMO buying that weren't rational at all during the rally.
I have to agree with you. Even if bitcoin does hit $10k or above, the correction is obviously near. And with the market sentiment still leaning to the bearish end of the scale, I do think that it is more than likely the correction will take us down to test the support that held up previously at just over $6000/BTC. No idea if that support will sustain through this dump, though.
And you're right about the general strategy in a falling market in regards to BTC, imo it's wise to always buy after markets tank for a few days and there seems to be consolidation going on. This incoming correction will present another accumulation opportunity for long term holders for sure. I've sold a fraction of my coins right now at over $9k, I'm still holding onto my long term BTC stash, but I'm definitely looking to buy once the dip comes.
Ummm what...you wrote this today?! The correction happened earlier this week. Dropped a thousand dollars. It already happened. Will probably hang out in the 8000s and low 9000s possibly for a few days before pushing towards $10k. $6k.. no way in hell. The market sentiment is not bearish at all, that ended a few weeks ago when Bitcoin said goodbye to the 6000s bottom. Market sentiment has been positive the past few weeks for the first time in 4 months.
The correction from 9000s to 8000s was to be expected after going from 6000s to 9000s. After some consolidation at this level the next move is upwards.