How did Jow Forums know?

Because it's completely unsustainable to continue falling this way, duh. We're lucky as fuck that it fell this low, easy 1000x return if held

>A few days ago sentiment around here turned bullish for no apparent reason.
longs are starting to climb, they are trying to ride a correction wave hence the shilling, but... every fucking time in this bear market when longs/shorts started to climb out of the dregs it crashed badly and found a new low. so yeah ironically only long short term! nothing changed we are still going to visit $2k and lower. but there could be a correction up to $5k more likely $3.3k then crash.

too bad we are nowhere near the bottom. i'm a bull on btc but for the next year extremely bearish. it failed all the important lines of support there is only one left and that's $1300.

Monkeys flying out of your ass, you have no fucking clue what is coming or when.

The only line of support for bobo is the fishing line we are going to use to suspend him by his balls from the sears tower. Get rekt bottom shorter.

of course there is an interim support line right here the 200 week moving average, and we can bounce it a few times and go to $3300 before we punch right through it and plummet below $3k. so if you plan on holding btc for long term better wait. even if you see a clear bullish turn of sentiment that's not gonna last. i used to think people that say this are utter morons but truth is people have called this months before and so far they have been right to the fucking letter we are all playing out a fucking comedy watching the price action like a hawk with clenched anus. next year we will bottom the only wuestion is will we visit $4-5k before that bottom or not, if so it's a great trading opportunity, if not better not touch btc.

i have went through all this, i thought we gonna bounce from $3.2k go right back to $6k, not gonna happen, evidence keeps piling up that this bear market is not done yet.
i never short (well in retrospect i should have), i only buy and hold. and only hold btc.

Uh, I definately believe this.. selling my corns now.. durrr.

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>Monkeys flying out of your ass
alright compare the price chart to LONG/SHORT! you will see every time the futures peak there is a crash. every fucking time. this is not a trend change it's gonna be a gigantic dead cat bounce. many are going to quit their leveraged longs and take profit at $4k. those that say we are going to zero are simply idiots. those that think the bear market will end this year are in wishful thinking.

i'm not going to sell my btc because in the end you don't know for sure. but i'm not going to buy more until we hit below $1500 that's for sure.

so yeah we max see a bullish divergence soon on btc price and many many will fomo in it will be hard to resist but you should unless you are playing the short game and plan on selling at momentum turn.

don't sell, just don't buy more is my point. it's not that the market is manipulated but lots of people play different games on different timeframe.

for example: you go in 25x leverage on a +$1000 correction and take profits the moment it when it stops you gonna make a bank. for you the price change matters you don't care about btc being at $100k 3 years from now you just trade the volatility and profit. and you give off bullish signals with what you are doing maybe if you are an asshole even post bullish things to increase the fomo and decrease your risk. but you will fucking defect us and the price will crumble and those that fomo in get burned and you will laugh at them. fuck you!

Get rekt pedo bitmex gambler.

nah i just watch bitmex and analysis, it's educational.
>A few days ago sentiment around here turned bullish for no apparent reason.
but it's what is going on. there is no reason to turn bullish long term so it's a short term pnd. you have to understand how margin traders think and profit to get it.

and btw we going to hit $10k by 2020, so yeah i'm bullish on bitcoin, but you can probably 3x your btc holds if you wait a bit. i curse my stupid ass for fomoing in without knowing shit about the market at $6k.

Weak fud. You are going to be one poor as bobo.

i said the same shit a few weeks ago and look where we are. in trying to understand what happened i started to listen to people who actually know their shit and been calling for this crash since april or even january. we were in complacency fuck...
>You are going to be one poor as bobo.
like i said i do hold btc. i hold as much as i set out to hold knowing fully well it can go to $2k for a while. it's insurance in case btc does something inexplicable and fucks right above $10k and stays there because an etf is approved or anything. patience is key i'm still learning but making good progress. all my tiny trades lately led to me holding more and more btc. i could have done a lot better of course and i got fucking rekt fiat wise. but it's progress. you want to be rich in btc not fiat by 2020. it's just there is no rush, kill the fomo in you it will make you lose money.

>i started to listen to people who actually know their shit and been calling for this crash since april or even january.

Many of those people have been calling for a crash since 2014. It doesn't make them any more "knowing their shit".