Shaking out the weak hands
There are many people who will be convinced that this is just another pump, so they will sell into it. This is likely to make the ascension slower to begin with, but it will soon pick up speed. This spike up is basically a confirmation of my bullish sentiment in my last idea, which I will link to and the reason I had buy orders ready in case this happened.
This is why you don't short in such an over-sold market. Everything LOOKED ultra-bearish until this happened. The market has had about all the selling it can handle. As I've mentioned before, my target of $270 is still intact and possibly higher after that. I'm long since $204 and waiting for a good-sized pullback to sell.
Near-term resistance is outlined as the orange line and support is the red bar below.
If you love my ideas, then I love you. BTC donations:
1Eg1QK5vJVCcSoZM3Cp8dgpJ9jv4tjng8m
This is why you don't short in such an over-sold market. Everything LOOKED ultra-bearish until this happened. The market has had about all the selling it can handle. As I've mentioned before, my target of $270 is still intact and possibly higher after that. I'm long since $204 and waiting for a good-sized pullback to sell.
Near-term resistance is outlined as the orange line and support is the red bar below.
If you love my ideas, then I love you. BTC donations:
1Eg1QK5vJVCcSoZM3Cp8dgpJ9jv4tjng8m
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