I'm confident that this dip was the last shake out by the whales and other big players, the sentiment in the market has lost all hope of going back up.
I got a few phone calls this morning from concerned friends telling me they sold their bitcoin investment or its too risky to buy now. People are getting very scared; when there is fear in the market, that's a perfect time to buy.
As of writing, it looks like Bitcoin is trying to break back above the weekly. It will eventually break over the weekly, probably with a big dildo candle then slowly accumulate until November when it finally breaks out.
Honestly, all of the altcoins are prepped to run-up in November so I think Bitcoin will continue consolidating under its downtrend from 14k until the end of November when the altcoins finish peaking to Bitcoin ratio.
Don't expect anything crazy in Bitcoin's price just yet, that opinion may change, but I really don't think it's going to do anything until it gets closer to breaking out of the downtrend. Until then the market is really boring. Great Long opportunity by the way..
As always do your own research, I am not a financial advisor.
I got a few phone calls this morning from concerned friends telling me they sold their bitcoin investment or its too risky to buy now. People are getting very scared; when there is fear in the market, that's a perfect time to buy.
As of writing, it looks like Bitcoin is trying to break back above the weekly. It will eventually break over the weekly, probably with a big dildo candle then slowly accumulate until November when it finally breaks out.
Honestly, all of the altcoins are prepped to run-up in November so I think Bitcoin will continue consolidating under its downtrend from 14k until the end of November when the altcoins finish peaking to Bitcoin ratio.
Don't expect anything crazy in Bitcoin's price just yet, that opinion may change, but I really don't think it's going to do anything until it gets closer to breaking out of the downtrend. Until then the market is really boring. Great Long opportunity by the way..
As always do your own research, I am not a financial advisor.
