You can see the bat, the cats, the bulls, or whatever, but the buyers are waiting for the drop. Why risk and lose, be patient and buy cheaper is smarter. Isn't it?
cryptolightfuture
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@dompa, Ever heard of a Short Squeeze from the C&H formation, which can get us to 14,400? Also, look at the USD chart and you will see where people are putting their money. Iran, Venezuela, Russia, China are ALL bypassing the sanctions with BTC/LTC!!! Also, please be aware that this can crash at any time due to no retrace.....
@dompa, I am with you and I am waiting. However, a stubborn thought has been nagging me for weeks now. What if everyone is waiting and that’s the reason it’s not going down? Say, it’s September and the price is still hovering around 8K. Was it accumulation? Should I wait a little more? Till December?
dompa
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@BorisPoff, Depends on what price are you waiting for. By the indicators, we could go one more time to test 7500 and after that towards 12k. According to the TA we shouldn't be here at all, but tether manipulation brought us here. So we can expect unusual movements as you probably know. When everyone says we are going up that actually mean that we are going down and vice versa. Testing 7k is more likely by my opinion before 12k. But we'll see. Good luck
BorisPoff
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@dompa, I’m waiting for 7100, which is probably my problem. I’m afraid my stop will get triggered on the breakout about 8500. What still gives me a pause is that BTC continues to have lower highs from recent 9000. That is not bullish short term. I will continue to wait for a few more days/ up to a couple of weeks. If we are still at this 8000 level then I will admit that re-accumulation took place here and will shift more into BTC from USD.