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RE: Why I'll Sell Bitcoin if it Reaches $17,000 Soon

in #bitcoin7 years ago (edited)

I keep selling off and rebuying my bitcoin all the time when it's not going straight up. This dip wasn't really all that bad, it was 'moderate' on the Fibonacci scale and stopped at .618 exactly - very foreseeable (I'm saying that with hindsight ;) - others this year were worse, and this is Christmas so your fears may be exaggerated. Also the Bitcoin Cash crew launched an attack at a tactically well-chosen time, otherwise the dip might have been even milder... they will of course keep doing that, destabilizing the market some more. All these things are factors. Day trading will keep us safe ;)

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Thanks for your thoughts jojo.

De nada - here come the lows you were missing, a typical sign the so-called Christmas Market has finally taken grip with a double set of head-and-shoulders, big and small (but you have to look at the charts from some distance to see that).
Hopefully that will make your 17k scenario obsolete.