Quote from: nelson4lov on Today at 07:22:51 PM

Quote from: Oshosondy on Today at 08:00:26 AM

Quote from: nelson4lov on January 06, 2021, 05:03:15 PM

~Snipped

Just like when bitcoin price first got to $34000, there was a correction and decrease to $30000 or a price that is slightly it, but after a day or two, the bullrun continues. At this present price of $35000, nobody can truly yet predict what could happen after bitcoin will get to $40000, but mostly like the bullrun will continue after correction (short time and mild bull back).

As expected, Bitcoin finally reached $40,000 milestone price and a new all time high and just moments after it touched that price level, there was a sharp drop to $37K. This drop took a lot of alts with it and there's been over $1.2B in longs liquidated so far. Like I said a day before, $40K price level was very much untested and there would be some resistance at that zone. I hope someone did profit from the drop (sell the top and join back to continue the ride). By the way, Congrats to everyone that held their BTC!

I got some profit overnight at $1262 and $38400, put buy orders at $1175 and $36400 and the dip hit both of them, sold the BTC again a few minutes after the buy was hit at $38800. Planned on taking some profit before $40k, the dip was just a pleasant surprise to add to those profits. Now I've got the cash from the BTC sell to buy back in lower at $33k/$35k if this turns into an actual correction, or if its just yet another quick bear trap that's cool I took the profits I had planned on with some extra on top!