Quote from: Slow death on October 28, 2022, 09:42:55 PM

Quote from: borovichok on October 26, 2022, 02:31:54 AM

Holding Bitcoin is one of my ultimate target and I can't quite now, when I know fully well that it will make a bull run up to $100k as predicted long before this time, although it still have chances of going below $8k, the moment it enter that price level, we should just bear in mind that it will give some traders new opportunities to bagged more while the ones that enter at early stage, will be at big loss, so the best thing for them is to triggered the sell price and wait for it to hit their choices of entry before bagging it again. The market currently facing bear season and let's just give it time.

I think it is very exaggerated that the price drops to 8000$. look at the chart, the support that is at 18000$ is very strong and the price is being traded on the side, that is, it is being traded between 8000 to 20000$. and it shows no sign of a drop to 8000, on the contrary the price may be accumulating in that 18000 to 20,000 zone for some or a long time until it gains a big momentum and starts to go up a lot, the biggest problem currently that is not making the price go up a lot and the financial crisis because of the war in ukraine, I believe that buying a lot now and being patient and selling in a few years can bring good profits

Well that 18k was broken just recently, which was looking like a good support I agree but one message one month ago to today could make so much change. I understand many things happened and there was a bad news and binance and FTX deal and all that, but it is just a proof that how something that looks like it won't be broken could be seen as something that is already broken with just a months difference.

This should be a cautionary tale to everyone who looks at the charts and make deductions and think one thing is possible when the other is not because the one you think that won't happen, could very well happen if there is a bad news.