Quote from: Majormax on January 07, 2020, 01:19:02 AM

Quote from: JayJuanGee on January 07, 2020, 01:02:37 AM

Quote from: whiteboy420 on January 06, 2020, 09:46:33 PM

today i did something different and shorted $eth for a change.

lets help them to get to their fair value.

Yeah.. even though ethereum is a fucking shit coin.... hopefully, you are not trying to get on our good side by suggesting that you are shorting shit coins.. and does not mean that you are NOT going to get rekt as fuck by playing those kinds of shorting games.

But, hey, it's your money to lose.. #nohomo... & #noloveforshitcoinethereum.

Shorting any Crypto is always dangerous.

BTW, this little pump is encouraging, as it has pushed through resistance at 7600. Patience is needed, as price may well revisit the mid 7000s a few more times in the coming weeks, but a base might now be forming. Support at 6400 confirmed nicely.

Interesting to see where the high of this move comes in.

I lose a bit of confidence if altcoins pump equal to or greater than bitcoin, so likely we need to see a few days of performance to verify if the altcoins are following BTC or if they are attempting to appear as if they are leading. I will have more confidence if the altcoins get left behind.. but what are the odds of that? Maybe even wishful thinking on my part?

Further, like you suggested, we have experienced a few of these BTC upsurge movements, but they ended up correcting decent amounts, even if it took longer to correct than it had to go up, so in that regard, it can be difficult for buy pressure (support) to keep up if the price is just NOT ready for the Upwards movement and to establish a new station. Personally, it would be nice to see $10k resistance to get challenged and then if necessary to settle back down into the $8,500 to $9,500 range for a few months that might end up dragging out to the halvening, or so.

Likely you, majormax, are not nearly that optimistic - since you tend to gravitate towards erring on the pessimism (seemingly overly cautious [size=pt]bear - for our own good[/size] side of things). I would not really be surprised if a kind of bearish stagnation between $7k and $10k drags out until the halvening and maybe even a few months thereafter, ... but if we don't sufficiently stay above the lower $7ks, then surely bears are going to want to resume attacking attempts on the current $6,425 local bottom.

TLDR: I agree with everything that you say, majormax (not really, just saying it to be pseudo-diplomatic.. hahahahahaha). The extent of this currently ongoing upcomening pumpening is critical.^tm