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RE: Bitcoin (BTC) Evening Update: A Breach of Upper White Line Scenario

in #bitcoin7 years ago

Its around this time where you have to deattach from your feelings. Yes, we all want it to go up but the angle at which it is doing so is as if we have learnt nothing.

This surge is caused by the greedy and those with money buying as much as they can at the low prices. The impulse fools people into thinking the correction is done.

Of course no one wants to hear this but deep in my gut i feel this it not over. When the buyers have loaded up there bags with cheap coins. The volume will slow down, the BEARS will panic and sell and this will fall one more time to a lower low.

This is what causes a A-B-C, we are currently on B.

Yes 6-7 weeks for a correction seems along time but when Bitcoin is in a BULL RUN it can rise 3000-5000 a day.

This is not what people want to hear but it is what i feel. @haejin

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I also think that it is still very quiet right now and we could still see lower than 5

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