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RE: BITCOIN - Always important to think long term
your logic is good, however it seems cryptos move contrary to our 'technical intuition' most of the time. i would not be surprised to see a price upwards of 7-8k once the November FUDding is done with.
Hehe that is true, they do move counter to our intuitions. I don't really try to forecast the future, just look for the places I can enter markets with the minimum possible exposure. Closer to the trend line means I know I'm wrong quickly.
But the drawback is... sometimes I miss some great moves. So everyone has their own style!