The market seems to be digging itself out of the hole now though.
Could you kindly elaborate more ?
And tell me your outlook please for the coming weekend, is really the rally QUENCHED or there is still a chance ?
Edit : Is the rally continuing ?
I understand, Fakhoury, that you are not asking me, but I CANT RESIST....
You know, having a purpose such as one to "quench rallies" and actually achieving such purpose, can be two separate things.
And, surely the evidence of decent upwards price pressures is continuing to show its cute lillie noggen...
In other words, we seems to have gots ourselves decent upwards price momentum that is not going to easily by quenched...
Surely, we are still operating on very low trade volume (and who gives a shit what you see in china and some of those other fake, no fee, bot exchanges), the fact of the matter is that BTC trade volume seems to be continuing as relatively low.... and so, when we have low trade volume, we can have a reversal of the direction at any time, even though it is kind of appearing that bears are losing a bit of control over the continuing and ongoing upward trend... .. they may have to wait until into the $700s or so before they are able to adequately and sufficiently reverse the current momentum and the upward price pressures that seems to be under this thing.. and also it is possible that they are not going to be able to do it, even into the $800s, crossing my fingers.. and if we get into the $800s quickly, then surely they are going to have some loss of control issues.
Take easy JJG, we are brothers man
The thing is I want to break $1K+ this year, I'm fedup man lol
hahahahahaha
And the funny part is when I seem to becoming more bullish than you...
ahahahahaha...
I just get a bit nervous with any kind of time boundaries regarding when something is going to happen in bitcoin...
It is quite apparent that it is very difficult to know when or if $1k is gonna be reached. Surely, there is enough going on and even enough upward price pressures that we could be pushed into the $3 to $5k territory within a few weeks, but it is still so difficult to really place high probabilities on such a scenario taking place.
I prefer to play a bit conservative, and to be pleasantly "surprised" if the more bullish scenario plays out...
You probably already have a pretty decent grasp of my BTC situation - at least I have rambled on and on about it enough, but the fact of the matter is that my BTC portfolio was largely in the red for a large part of my first 2.5 years in bitcoin.. so I am feeling pretty damned good that my BTC portfolio has been floating largely between 30% and 70% in the green for about the past 5 months, and seemingly even fairly securely in such positive price territories (and currently about 52% in the green)...
So really, I am continuing to work my BTC holdings and my BTC portfolio that is a combination of BTC and cash, but anywhere in the green is feeling pretty decent, these days...
Of course, bigger numbers are nice too, but in my mind, all of those bigger numbers are icing on the cake and nothing to rely upon or to put all my eggs (or a lot of my eggs) into such a reliance.
And it seems Toknormal is ignoring me
I don't think that he is ignoring you. My conclusion, after extensive and extended analysis and relying upon relevant and material factors including world wide data, numerology and astrology is that he is just the "shy" and "sensitive" type. Believe it or NOT.