Respectfully disagree, we are bouncing off these levels.
mhfcrypto
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@Sherem, I respectfully disagree. I'm in Fiat now...sad to say we're going to 6K or lower soon. There might be a weak bounce around 6K, but I think we'll then just gather energy for the move under 6K. The faster this happens, the faster the rebound :-)
Sherem
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@mhfcrypto, I respectfully disagree with your disagree. Who is brave enough to short it right now? Longs dumped and are loading up again and people who just shorted it gotta be nervous. People who are short the market right now are at an all time high. If we break above 7.2k, it's going to be a short squeeze, for how long is the question? 8k? 11k? If I were short, I would be really nervous of a btc breaking up.
mhfcrypto
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@Sherem, I respectfully disagree with you disagreeing to my disagreement in this particular instance. Just kidding - you have good points - it could go either way. That's why i'm currently in Fiat and not shorting.
Those ATH Shorts are either nuts or noobs; know something we don't; or are aewsome Traders LOL.
In the near-term, BTC will need to close above $7,200 on the 4HR and then confirm it immediately with a Bullish Inside Bar to tempt the Shorts to cover and the Bulls to jump back in. I just don't see it happening in then next few days...therefore, we could go slip further. (Unless the Bankers and Institutions return to work on Tuesday and decide to pump serious cash in for some reason).
I'm happy to go Long or go Short (i.e. remain in Fiat), I don't really have a Dog in either race, I just want a 'solid move with confirmation' either way! :-)
Sherem
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@mhfcrypto, haha. I agree this 7.2k level is critical, we need to crack that for some real movement to happen.
nakad
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lmao, this is the best. love both your points.
byi_786
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@nakad, I respectfully laugh at this thread! This is hilarious!
astrologychick
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@mhfcrypto, Lmao - so much disagreeing with the disagreement, just like all of crypto right now. Nobody knows which way is up.