Goldman Sachs May Get Us Next Time, Maybe Not
Nobody is selling at these levels and why should they? Most of the people involved, at this stage, are holding at a loss. I repeat, they are holding at a loss. So, will they sell at a loss knowing the price is going to bounce back straight up as we have seen over and over again? No. So, what will happen instead? Two possibilities:
Scenario A:
The majority decides to take a small profit or break even and exits around
14K and then 16k. With these people out of the game, it will be easy for the whales to manipulate the price and it may go down to $3000 as well if such massive selling occurs.
Scenario B:
The rise from around $8100 is so bullish that it shoots straight up towards 20k+ with small profit taking along the way. This would mean big players have decided to get involved at this stage without waiting for a drop.
This post has benefited from a previously posted very useful technical analysis by the trader, Never No (shared below) which stands true as predicted. Please follow and like his work to encourage him to post more such brilliant ideas. Thank you! :)
Scenario A:
The majority decides to take a small profit or break even and exits around
14K and then 16k. With these people out of the game, it will be easy for the whales to manipulate the price and it may go down to $3000 as well if such massive selling occurs. Scenario B:
The rise from around $8100 is so bullish that it shoots straight up towards 20k+ with small profit taking along the way. This would mean big players have decided to get involved at this stage without waiting for a drop.
This post has benefited from a previously posted very useful technical analysis by the trader, Never No (shared below) which stands true as predicted. Please follow and like his work to encourage him to post more such brilliant ideas. Thank you! :)
Note
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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.
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.