I am waiting for the pullback to get some more money in, I would be very happy if it goes to 7k before recovering but there are a freacking ton of buying orders at 9,2k, a ton at 9k and another ton at 8,8k, is very hard for me to imaging a pullback to 8-8,2k, in fact I have the order at 9075 and thinking if I should put it higher.
But I am very new to bitcoin, more used to classical values. Wouldn't be going under 8,8k as surprising as seems to me? should I get used to randomly see that kind of pullbacks in bitcoin? the pullbacks I have seen this weeks weren't that strong.
Wouldn't be going under 8,8k as surprising as seems to me?It will be very difficult to get under 8,8k & very unlikely to see 8,5k ever again. The support strength is increasing as we approach the halving. Every new low will be higher than the previews.
100 days remain, but! in the 60-45 days before its likely FOMO will very difficult to break with fear. Taking all this into account I see that we have a window of 40 days to keep accumulating at corrections. After this, the portfolios must be ready & just HODL for 2020 & 2021.
should I get used to randomly see that kind of pullbacks in bitcoin?The behaviour depends on where you are positioned within the 4 year cycle.
It's very complex to understand how it behaves. Study as much as you can. Crypto index helps. Stock-to-flow ratios. Sense the social media. I recomend to read "the bitcoin standard".
Take a look of one of my topics:
https://bitcointalk.org/index.php?topic=5218553.0