Corrections are healthy and when timed right shorting the big dips down can be very rewarding (I nailed it with Ethereum and BTC this dip snapped ETH open @ 360.21 and rode it down to 288 (8 ETH) and 5 @ 256 so that was fun! similar wins with Bitcoin because THESE PATTERNS ARE PREDICTABLE!!! now there are always surprises and deviations and whales can drop 100 btc buy and sell orders onto your book and change things up especially if the 5X those 100 thats a wall and a half on a big day lol! anyways, aside from whale tom-foolery I do believe that majority want to push the price back up into the uptrend or risk losing public and private interest as well as government moneys just as they were gaining it... so there is a chance we recorrect back down to 8860 (thats my guess but long term we are going up(I bought half now and have auto buys of the rest at 8x set at 8910 so either way i bought some at this point and another good bit after it drops if it does, good luck and i hope these circled patterns on my chart play out!
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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.