Post
Topic
Board Speculation
Re: 20K by March, A positive Look at the market.
by
pereira4
on 11/10/2019, 22:23:21 UTC
9900 must happen this month -- I agree, else we'll say hello to 6k again.
"must" lmao....

In all seriousness, the market just needs to flush out a lot of weak hands and traders with profitable positions. I am currently stacking up fiat preparing for a $5-$6k visit. I don't often get bearish, but now I rightfully am.

Realistically speaking, $5k is a bit of a stretch, but with how irrational the market is a $5k flash wick might be a great (possibly once in a lifetime) opportunity to enter the market at such lower levels.

After all, it's Bitcoin that we're talking about---pumps and dumps have happened for nearly a decade so don't expect the market to suddenly behave differently. People also thought the market changed last year and paid the price for it.

I don't see how it's that bit of a stretch, Im calling $3k as a possible final bottom, breaking the double bottom a bit, so going lower than the last December 12th's last bottom, this would mark the end of the bear market for a perfect go-all-in opportunity. Chances of this may be lower than I would like tho. Maybe im biased and deluded because I missed that bottom, but I still see within the realm of possibility. Something in me tells me that we haven't seen enough pain yet. A final shakedown to $3k ish would put the nail on the coffin for all the clueless people that entered Bitcoin during 2017, wheter it is CNBC boomers or milllenial lambomoon guys. Those need to be deprived of any hope, then, we go all in and ride the Halving rollercoaster to $100k as it aligns with the brewing global crisis in all things fiat.