I have said time and time again my technical analysis was only valid unless we officially broke through this exact trendline with conviction I didn't think it would ever happen but unfortunately it did.... as soon as we broke below 5500 support I kind of expected a nasty fall like this in realistic terms but shorting just didn't feel right to me because you never really know when it could bounce up it could bounce up at those levels at any time unexpectedly and irrationally as it has dozens of times before however IN TECHNICAL TERMS shorting after a break below 5500 was the safest move to make as I have stated multiple times so for those who shorted great smart move but nows the time to be buying back in.. please understand that since we broke it is entire possible to head back down in realistic terms to as low as 3,000 dollars and very realistic at this point however I wouldn't play the bottom catching game I would just buy in at these beautiful prices and just hold long term no matter what happens why?
BECAUSE BITCOIN IS STILL HITTING $1,000,000 IN LESS THEN 10 YEARS!!!!!!!! PER UNIT THERE IS STILL 250X GAINS AS WE SPEAK TAKE THE 250X GAINS LOCK IT IN 100% AND RIDE IT OUT NO NEED TO BE PESSIMISSIC AND SPECULATE IT TO HIT 3K FIRST EVEN IF YOUR 90% SURE ITS GOING TO 3K BEFORE IT BOTTOMS COMPLETELY ITS SO MUCH BETTER TO LOCK IT IN 100% RIGHT NOW TODAY AT 4200 BECAUSE YOU NEVER KNOW IT COULD TAKE OFF FROM HERE AND LEAVE YOU BEHIND FOREVER!!!!!!!!!