I trade intraday. I think, but I don't know, that we're not quite ready to resume the uptrend yet. 15% dump is nice, but it's not exactly scary. Time wise - perhaps a few weeks of either down or sideways price action seems more likely. I would like to see lower prices for long term positions (30-38k). It would feel healthier for this bull market in the long run. Currently fighting greed/caution wanting the perfect entry vs. fear of not getting an entry as price runs away. Wouldn't be the first time. Looking at the weekly close, I think I might hold off on going long just yet.
After such a quick dump , I think it could continue going down . In the end, it will all come down to technical analysis.
I know that greed/caution internal fight. And what works for me there is to take the decisions you feel more comfortable with and stand by it. As long as you take the decision with arguments and not emotions.
Hi there ? How do you like bitcoin’s price now ? In order to buy for the long term .
You were right there when you said the ETF news was a sell-the-news event .
Personally , I had a take profit 49K (48.9 to be exact) and thanks god I had it there , as all it’s been doing lately is going down .
Do you trade intraday ?
I trade intraday. I think, but I don't know, that we're not quite ready to resume the uptrend yet. 15% dump is nice, but it's not exactly scary. Time wise - perhaps a few weeks of either down or sideways price action seems more likely. I would like to see lower prices for long term positions (30-38k). It would feel healthier for this bull market in the long run. Currently fighting greed/caution wanting the perfect entry vs. fear of not getting an entry as price runs away. Wouldn't be the first time. Looking at the weekly close, I think I might hold off on going long just yet.
After such a quick dump , I think it could continue going down . In the end, it will all come down to technical analysis.
I know that greed/caution internal fight. And what works for me there is to take the decisions you feel more comfortable with and stand by it. As long as you take the decision with arguments and not emotions.