This Week In Bitcoin: Is The Bloodbath Over? - futures io
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This Week In Bitcoin: Is The Bloodbath Over?

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This Week In Bitcoin: Is The Bloodbath Over?

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Experience: Advanced
Platform: sierra charts
Trading: es
Posts: 14 since Nov 2014
Thanks: 0 given, 12 received

BTC seems to be trying to hold the line and keep the bears from putting pressure on the bulls. As of this writing BTC seems to be trying to challenge the 9k level. Dancing around the 6200 to 7700 area they seem to have firm footing now above 8200-8500 level. So whats Next? Traders like myself know that the Crypto Whales that got long at the 5900-6700 level will be the first to dump around those higher prices and hope that newbies will load up at the 8000-10000 mark. Dont be fooled they still smell blood in the water due to regulators,Crypto bans and quite frankly those late to the party are cautiously trying to get in or hope and pray that higher record prices are right around the corner. Experience traders know to be patient. 9k is great 11k better but we will wait and HODL as we are looking for surges up to previous highs and hopefully another record year for BTC. Remember even with the wicked selloff nothing is wrong with BTC just the climate around it. We are still in the first innings of this new technology and its better to build a good position over time than to fall prey to FUD fear uncertainty and doubt.

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