There are 2 scenarios that I'm seeing with the recent pump of the market.
1. Just a normal pump and dump scenario that has been happening for a long time already.
2. This is what the holders are waiting for. An upward movement and a possible wave 5 scenario
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Either way, I'm just happy that the movement of the market after weeks of being sideways is on the upside but still I remain vigilant and waiting for a dump to happen.
That’s a good piece of thoughts and its true that the market always move like this, bitcoin can either pump or dump at no specific reason. Maybe says because of gold is rising as well, and many says that the bull is here now but all of those are just speculation, it you become more greedy then you might miss this chance to sell your bitcoin or to buy more. The strategy that you have should work on this, if there’s an opportunity to earn profit do it with bitcoin and always monitor the trend.1. Just a normal pump and dump scenario that has been happening for a long time already.
2. This is what the holders are waiting for. An upward movement and a possible wave 5 scenario
.Either way, I'm just happy that the movement of the market after weeks of being sideways is on the upside but still I remain vigilant and waiting for a dump to happen.
I like both scenarios, and I strongly agree with the number one because the price already reaches the highest price, but then the price is down to $10k. So that can be a normal pump and dump that will always happen in the cryptocurrency, and I think all people now enjoy the new stable price at $10k-$11k. The next target for bitcoin price will be at $12,500-$15k, but I don't know when that can be reached. We have a chance to buy low and sell high this time because the bitcoin price movements still happen.