I agree with you, no one can be always completely right. But concerning crypto, I like Buffett's way of thinking.
No wait, I mean HODL!!! The worst part about this is that everybody is so used to simply holding and making money, that one day there will be a very serious wake up call.
Some block here to the downside at 11400, volume picking up on the 1min, looks like support being challenged again.
$10k bounce in play. If this was a stock or an index, I would be calling this almost 50% retracement from the highs as an end to the euphoria. However, this is crypto, and the general feeling out there that I see is that this is yet an amazing deal to go long and buy more GPUs to mine more altcoins. The best way to gauge the sentiment out there is to watch Ebay for mining GPU's, when they start hitting the market, you know the trend is dying.
I'm going with a strong yes, we agree to disagree on the cryptos, but I fully believe the best is yet to come for bitcoin and a few others. As I recall, I said I would re up if it got to 10k, plan to H.O.D.L. but the trader inside of me may take control.
It would be a terrible thing if everybody was on one side of a trade. I would be extremely concerned if everybody agreed on one side and nobody on the other!
Well, that does look like a rounded bottom to me, but we are going to have to censor that because some people do read these boards at work and if you want to get a call from HR, then this is a good way to do it!
