Here we go again next stop 9k
Like I said, I'm buying drinks for the thread if we see it touch the $8k's again this year.
Too much resistance down to $9k.
I don't see it happening.
Beer-filled gut-bacteria tells me things will even out around $9.5k before resuming upward momentum.
Below 9,000$ is still possible, there are 2 scenarios I see on Bitcoin going down. The first scenario is Bitcoin will for a right shoulder with its lowest price at 9,200$, the 2nd scenario is 9,200$ is broken and it will continue to what people are calling the real 5th wave which is around the 4,500$ level. Right now I am just observing the prices as my money is still in Fiat so I am comfortable to what is happening to Bitcoin. Hopefully this will be the last dip of the year as I know a lot of people have stacked up their position by now.
I understand that if the price breaks below $9,200, then you are going to wait to buy in the $4,500 price arena, maybe you would buy above $5k, just to be safe, right?
On the other hand, if the price does not break below $9,200, then at what point would you get back in, if at all?
By the way, you may have already seen my posts on this topic, and personally I doubt that breaking below $9k is going to give you clear sailing down to $4,500 or points just above that because there seem to be pretty decent odds that there is going to be decent support at $8k and $7k... so you gotta get past that support first, in my humble bumble opinion.
I want to get a good price, but I don't want to try catching falling knives either. Perhaps I should just pull all my bids. There is a superstition that one should never gamble on their birthday. Although, it is not quite my birthday in my part of the world, yet. However, it is Friday for most of the world now.
