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RE: Bitcoin stops just short of 5000 and I'm out
Yep, hopefully we're on the pulse on this one. I like 4400 - 4500 for a shallow correction.
Yep, hopefully we're on the pulse on this one. I like 4400 - 4500 for a shallow correction.
Agreed. I don't think we've seen any kind of blow off top and nothing like the mania we saw in June, so just an short term top hopefully. We just need a pause for a few weeks maybe and then a fresh push to get through $5000.
Already down to 4650, my biggest fear now is this correction is done before my broker opens up shop again on Monday morning lol
So you're using leverage through a broker that does business hours? That sounds really dangerous.
I doubt it will bounce all the way back up to break $5000 this weekend. Some consolidation is going to be needed after this I think.
Yeah pretty much, though you'd also avoid a margin call if it happened outside of FX hours and then recovered. Either way, looks like getting out prior to the weekend was a solid decision :)