Historical places where we've bounced.
Remember, we ALWAYS retest the previous all time high peak. Always.
Remember, we ALWAYS retest the previous all time high peak. Always.
Note
Sometime's when I'm looking into a trade, I ask myself, what is the general attitude of the crowd? RIght now, most people are bullish AF on Bitcoin, especially with that nice bounce around 1850 and with SW and LN coming. But the only way to make money is to do the opposite of what everyone else is doing. If everyone's selling, buy.
If everyone's buying, sell.
I think most people are going to get rekt in the next week. But here's the thing- if I'm wrong, and Bitcoin breaks resistance at 3000, then I'll have confirmation to enter the trade, and I don't lose my money. But if I'm right, I get to buy back at a lower price, I have more Bitcoin, and I don't lose money. Either way, I don't lose money.
Just a thought bouncing around in my head that I wanted to share with those who are on the fence.
Note
Do your own thought experiment: What would "buy the rumor, sell the news" look like in this scenario? Rumor- Segwit is going to be activated.All the stars are aligning for a dump.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.