Bitcoin has topped.

Do you think bull(crap) trend is over in Bitcoin?

  • Yes

    Votes: 18 60.0%

  • No

    Votes: 4 13.3%

  • Don't know

    Votes: 8 26.7%
  • Total voters
    30
  • Poll closed .
Because of the fast move down, my guess it will find support at 40,000.
But for how long....???
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themickey said:
Because of the fast move down, my guess it will find support at 40,000.
But for how long....???
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Here's another probable event, considering that in 2017 BTC lost 84%, same decline aka crash from 2021 ATH would make BTC $10.3k and please don't tell me it ain't possible cause I've probably heard all the great reasons under the sun, I mean one of my pals who is a carpenter and seems to have learnt everything about crypto and trading in a space of 6 months tells me it's impossible, when I asked him why he is so sure, he told me it's a long story...

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Unlike many other financial instruments, hunger for BTC & therefore it's high valuation can evaporate in 1 trading session, that's why the likes of PTJ commit just 1-2% of their TLNW.
 
Weekly chart showed a top (take profit) on april 16.
Monthly pointing short too.
We probably will see an upward correction on the daily chart, followed by a new drop. If that happens we can go very deep and for a long time.
 
Baron said:
In light of this thread calling the BTC top, I just bought more BTC today.
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Baron said:
Wow. This correction is great news. Just bought more BTC at $42.9k.
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That's strange...

When we called the top, you bought BTC. So our advice was not accepted.
Did you notice that the believers (Trader Curt & Johnarb) sold BTC when you bought?

Averaging down wiped out many accounts in past.
Catching a falling knife too.

So the next drop will be great news again?
 
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virtusa said:
That's strange...

When we called the top, you bought BTC. So our advice was not accepted.

Did you notice that the believers (Trader Curt & Johnarb) sold BTC when you bought?

Averaging down wiped out many accounts in past.

Catching a falling knife too.
More...

That's cool, everyone has their reasons to be a buyer or a seller, no excuses for being a rude bastard on message boards, that's my only beef with some posters, this comment doesn't apply to Baron.

What comes to mind is the old expression to jump on the bandwagon, it's great, but knowing when to jump off the bandwagon is just as important.
 
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