Bitcoin

Out of context: Reply #1768

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  • drgs1

    "Bitcoin goes up -- I'm happy because I own Bitcoin
    Bitcoin goes down -- I'm happy because I despise crypto"
    - Me

    There are two types of corrections:

    By price -- 30-40% quick drops which bounce hard and the rally continues, as we have seen in previous years, but I think we are way too high over log support for this

    By time -- for bigger corrections the price action transforms into a bouncing ball wedge which takes ages to resolve to the downside (last bull run and the rally after that in 2019)

    I'm mentally preparing myself for the latter, even if I hate this triangle/wedge BS

    • AHAHAHA frist two
      lol that's me :D
      ********
    • -I think we are way too high
      -I think we have support for over 10k by now
      ********
    • And i have 0 regrets for jumping out before 24k. it was my target and i'm happy with it.
      ********
    • it's only 1.5x above its previous ATH. Stocks did gains like this and more in 2020.inteliboy
    • I'd be surprised if we go below 20k ever again.inteliboy
    • Funding dipped below 0 overnight, ie. people are shorting again, and its the short liquidations which drive the price up
      https://www.tradingv…
      drgs
    • Like they say, Bitcoin drops when everyone turns bull and you buy back in againdrgs

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