The Recent Bitcoin Drop Could be Different Than Prior Pullbacks, Here's Why | Crypto Craft

  • The Recent Bitcoin Drop Could be Different Than Prior Pullbacks, Here's Why

    From forbes.com

    In less than six days, the bitcoin price has declined from around $8,239 to $6,510 at its lowest point of the week. Despite the steep drop, the possibility of a further pullback is being considered by investors. Michael Novogratz, for instance, the billionaire CEO of Galaxy Digital, said that the bitcoin price is likely to remain in the $6,000 to $7,400 range for a while unless the dominant cryptocurrency shows a strong recovery in the short term. "BTC chart needs to recover $7,500 in next two days or we will be in a $6k-$7,400 range which would be less than pleasant. BTC still up 95% on the year to keep ... (full story)

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TudorIoan
Nov 26, 2019 5:13am
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Quoting ForestX
What's funny that you can make the same amount of money shorting BTC just like going long in that boom state that we had in 2018. Near to six figure just complete short stops and adding trades to it but RN I wouldn't short because this pair having quick pullbacks to 10k mark
You can make easy money selling the Highs than buying the Lows if bearish trend for 22 weeks
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TudorIoan
Nov 25, 2019 10:58pm
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Uh, the selling pressure is coming from spot.
That mean people are actually selling bitcoin.

But where are the crypto rabid shills, the Craig-McAfee-Nox-KPMaGgotz ???
...oooh, they are waiting quietly the last days of the month to see cows flying, and to punch reasonable people in the face for a couple of short live hundred dollars on the crypto bubbling chart!
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ForestX
Nov 25, 2019 11:18pm
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[quote=TudorIoan;12633384]Uh, the selling pressure is coming from spot. That mean people are actually selling bitcoin. But where are the crypto rabid shills, the Craig-McAfee-Nox-KPMaGgotz ??? ...oooh, they are waiting quietly the last days of the month to see cows flying, and to punch reasonable people in the face for a couple of short live hundred dollars on the crypto bubbling chart!


What's funny that you can make the same amount of money shorting BTC just like going long in that boom state that we had in 2018. Near to six figure just complete short stops and adding trades to it but RN I wouldn't short because this pair having quick pullbacks to 10k mark
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