Most traders are shorting this and think exchanges will allow them to profit all the way down to 20k region. All those ppl that didn't have balls to short 60k with me are now opening shorts with confidence.
On the flip side there are still many bulls bragging "I'm still up 200 %, I'm still up 100 %" and not believing in my "ridiculous bottom targets".
On the flip side there are still many bulls bragging "I'm still up 200 %, I'm still up 100 %" and not believing in my "ridiculous bottom targets".
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As of now I don't think its gonna happen, head and shoulders theory makes more sense. The thing that throws me off is 200 weekly MA being too far from current price.
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Looking at the volume and pace on this pump is pretty epic. I think most bears will get liquidated once this is over.
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I'm 99 % sure that it will go back to 40k.
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3 days later I'm less bullish than I was. I was thinking it will go up faster. Next fakeout could be the last fakeout.
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I'm eyeing 36k now if it happens.
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Shorting with a tight stop loss. I'll probably get rekt but risk reward this time is worth it.