I am not at all worried about bitcoin..
I do think this wacky parabolic downtrend could slam us so hard into the support that it could cause a fake-break to as low as 5.7k or possibly even lower, and this in my opinion is very likely to be the last chance to buy bitcoin for this cheap, and i really would say that prices in the 5k range are probably never ever going to happen again after this incoming drop..
is this the perfect time to buy and open longs? My thinking says yes! So i have many long orders and buy orders in many different accounts in many different price ranges between 6.5k down to the 5.2k-4.8k area, with the lowest liquidation price kept below 4.2k.
Most of my money is concentrated just above the 5.7k area, as i think that is the most likely area to hold as the bottom.
I do think this wacky parabolic downtrend could slam us so hard into the support that it could cause a fake-break to as low as 5.7k or possibly even lower, and this in my opinion is very likely to be the last chance to buy bitcoin for this cheap, and i really would say that prices in the 5k range are probably never ever going to happen again after this incoming drop..
is this the perfect time to buy and open longs? My thinking says yes! So i have many long orders and buy orders in many different accounts in many different price ranges between 6.5k down to the 5.2k-4.8k area, with the lowest liquidation price kept below 4.2k.
Most of my money is concentrated just above the 5.7k area, as i think that is the most likely area to hold as the bottom.