dump alert: It could start shooting down real fast with so little bid depth
What are you talking about? there's bids for more than 50k BTC over $10. And we just bounced off $10.75 - quite the wick dangling on that candle.
How many weeks above $10 for the bears to calm down? A nervous market doesn't wait weeks.. look what happened August 18. We're 7 weeks above $10 and three above $12, going on 4.
I think most are hovering over the buy button right now. Volume has slowed to a drip again, shouldn't be long before Mr. M pulls his asks and flips the walls to get everyone racing to click "MARKET ORDER!!1".
I know, > $15 seems too good to be true. But if there's new money in this market, then that means new prices. Reminds me of how it felt to imagine $7 from $2. And to imagine $12 from $5. So I'm very wary of pressing my luck for a third time.
Then why do I think it can still go up? Because even though I am (obviously and inherently) bullish, I am *still* 100% cash. I'm too scared to make the same mistake I did in January, with a very untimely buy-back-in at $6. So if I'm cash and adamstgBit is cash, how many others must be cash?
How much patience is enough? This week's candle looks critical. If it doesn't go down, it will only be rational to start scaling in. The asks between here and $14 really don't look threatening anymore, could be their last stand.
Same here. I would happily hit the "market order" button to buy back. We are already 25-35c under my filled ask price (EUR). But I've not sen any good indicator to go long since last Monday.
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