Quote from: palle11 on Today at 02:52:45 PM

Quote from: cryptoadviser on November 30, 2020, 04:37:18 PM

If BTC breaks $21,000 confirming a breakout, media will write about BTC and move retail investors will flow in. Then get in.
I think for now, the best idea is to liquidate BTC. And move to alts.

Yes if it breaks 21,000 media will write about it and investors will come in but they will not be the one to liquidate the bitcoin market. I mean those new investors that will come in because of bitcoin bull won't be the one taking profit because those who are hodling already from early buy will be the one to take profit immediately which is likely going to cause the back move to bear but it could be temporary because next year will bull.

Not possible. Selling around $21,000 by existing investors is not at all feasible. If they have to sell, they would sell at $19800 or so only. Because for $1,000, they won't stay in the game.

Plus there is going to be short sqeezing. Above $21,000, there is going to be a swift $4000 - $5000 move, if that happens.