Post
Topic
Board Speculation
Re: Just sold all my BTC because
by
STT
on 07/05/2018, 06:08:44 UTC
This market does not have the steam to break 10K
Will buy back in when things are making more sense.
Bitches are buying ETH and Bitcoin Cash
BTC dominance is going down hill
A Bear Market could be triggered if BTC goes below 9520 according to one analysts. it has already done that today: Tread carefully and use stop loss if you recently bought in!
When you sit and see BTC go down 450 USD in a day you need to ask yourself WHY? Whales didn’t do it is called market sentiment. The whales spiked it 1000 USD in 5 minutes not long ago and caused this mini rally!

Prices alone dont trigger bear markets, we can ping off any price and it might be quite momentary and insignificant.     BTC is far too volatile to call it like that, volume consensus could be a trend but we have to talk about that globally not just one country or even section of the world.   BTC actually takes a while to form a new trend I think.

Well done on your timely sell but as a trade I also think you should be buying in this area.   To expect more then 10% so quickly is a bit much, the market doesnt move easily in straight lines and BTC especially is volatile which makes calling a larger trend quite hard.   Average 200 day is still rising, thats a fair measure