Quote from: Sanitough on Today at 01:33:20 PM

Quote from: Rakeshten on July 30, 2021, 05:40:04 PM

Those who bought BTC at 28K-32K$ are now in big profit. They took entry at right time. The new monthly candle will start tomorrow so I think we should not do any trade and wait until tomorrow if BTC continues going up then that will be a great time to buy and hold altcoins as well as Bitcoin for recovering our losses.

They took the risk as well, but the decision is right because that price is 50% off from Bitcoin's ATH. I would do the same as I know somehow bitcoin will bounce back and we are already seeing it now, however, there's still a risk as there's no assurance that the current pump we are witnessing will continue.

As the market is so unpredictable, we need to make a good game plan.

I know we are often following patterns and patterns taught us that whenever Bitcoin drops, it will bounce back better. But there is one thing beyond doubt and that is, that the day will come where Bitcoin won't bounce back better. For now we all believe to know that there is so much room to grow that it will still hold true, but at what point would even the strongest believers become skeptical that Bitcoin will recover from a 50% drop?