Well, guess what -- once a sufficient number of people believe the bottom is in, there's only one way left: up.
That it happened faster and more violently than expected is thanks to our friendly whale, but I don't see a reason to question the direction we're in altogether as a result.
That it happened faster and more violently than expected is thanks to our friendly whale, but I don't see a reason to question the direction we're in altogether as a result.
Well guess what, a lot of people believed that lower lows were around the corner. I wasn't one of them but did believe in a much stronger correction than to just $535. The market was not moving. Holders of Bitcoin unwilling to sell at mid $500s, buyers unwilling to buy. If Bitcoin isn't going to increase in value, then it will be sold as most people have no use for it other than as a means of wealth accumulation. As things turned out, the whale came out of knowhere and triggered a mad buying surge and I got my ass spanked with short sell that I came out of much too late.....Still had great profiting opportunity on surge North....but managed to cut my own throat to the tune of 50% less profit on that one as well. I am a shite trader. I need to get a good buying point and just fkn hold.
Now we are back where we were in terms of market stagnation, except a a whole $100 higher up the ladder. Now we don't need to correct back to upper $400's lower $500s, but upper $500's /lower $600's. Either that or have another whale come to market.
