BITCOIN - Short Term Reversal
40% in a few days, even when BTC does its BTC thing, some profit taking, some time to digest all of what happened would be healthy. This Local top at 90ish K could be retested, but for now, reevaluating current trades with a watch on the downside could be an option to do.
Also, shorting could be interesting, though it is very hard to time the market. I would not think shorting a bull run is a clever thing at any time. Unfortunately, taking such a risk may pay off very well. On the other hand, though, it could consolidate and retest the recent high or even surpass and attack the 100K mark. Maybe both will unfold? Timing is different, asking oneself, did something change, or is it the same thing a week ago...and if so, is it worth for what it's currently traded at? what is the overall market, the adoption, and the real-world use case, what about blockchain, I haven't heard the word at all?! isn't it like the main USP. why is gold dropping if Bitcoin is called the digital safe haven or the digital gold? Why does it act most on liquidity injections rather than technological development? I don't know, maybe it's worth it, maybe it's worth 10Mil a coin, maybe tomorrow Bitcoin 2 will appear because BTC got hacked by a supercomputer and it zeros out very quickly..? Well, in the end, making profits is all that is about, having a sense of what someone wants is probably key, cause if you are a long-term holder this kind of short-term pullback will not be in your interest...
Nobody knows or has a crystal ball, but making sure to reevaluate one´s current positioning in the market is always an idea worth considering.
Thank you for participating, this is no financial advice
Also, shorting could be interesting, though it is very hard to time the market. I would not think shorting a bull run is a clever thing at any time. Unfortunately, taking such a risk may pay off very well. On the other hand, though, it could consolidate and retest the recent high or even surpass and attack the 100K mark. Maybe both will unfold? Timing is different, asking oneself, did something change, or is it the same thing a week ago...and if so, is it worth for what it's currently traded at? what is the overall market, the adoption, and the real-world use case, what about blockchain, I haven't heard the word at all?! isn't it like the main USP. why is gold dropping if Bitcoin is called the digital safe haven or the digital gold? Why does it act most on liquidity injections rather than technological development? I don't know, maybe it's worth it, maybe it's worth 10Mil a coin, maybe tomorrow Bitcoin 2 will appear because BTC got hacked by a supercomputer and it zeros out very quickly..? Well, in the end, making profits is all that is about, having a sense of what someone wants is probably key, cause if you are a long-term holder this kind of short-term pullback will not be in your interest...
Nobody knows or has a crystal ball, but making sure to reevaluate one´s current positioning in the market is always an idea worth considering.
Thank you for participating, this is no financial advice
Sic Parvis Magna - Greatness From Small Beginnings
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