Volatility Breeds Volatility
I was going to write this tomorrow but now seems like a good time,
considering 7000 Bitcoin were just stolen from a Binance hot wallet.
I hope Bitcoin crashes to $4200.
We see huge swings in the market every month. The bigger the spike we see, the bigger the incoming correction, and vice versa. We are just now coming out of a 16 month correction and tensions are high.
$6000 is a big mental resistance barrier for Bitcoin price action. We've been hovering just under that level for a while now. Traders are worried that there isn't enough momentum to break resistance, and they are probably right. However, if Bitcoin crashes down to $4200 support quickly, I believe the momentum from that would be more than enough to break the ice to catalyze a significant summer bull run.
I am actively saving up as much as I can in the event that this crash occurs. If so I'm putting it all into Bitcoin at $4300 with the intention of trying to ride that up and dump to another coin to attempt the mythical double run up.
That opportunity will be great but I would say it depends on how we get there because a slow grind lower would not be very fun.
Posted using Partiko iOS
yeah that would be the worst outcome. have to hope for a flash crash to build upward momentum.
Good strategy
Posted using Partiko iOS
Also the DIP can never happen as expected.
Posted using Partiko Android
^^
You should be 'rich' in a few years ^^
Posted using Partiko Android
hm yeah ill have that lambo in no time
There are way better possibilities to spend a lot of money
Posted using Partiko Android
i would never buy a status symbol like that.
bad joke