Is this pull back a chance for some alt plays?
18% pullback on the $BTC day chart
If Bitcoin price pulls down to the mid $10ks... (20+%) I'd consider this a big pullback prior to continuation
At this point in time, I consider Bitcoin extremely bullish
18% pullback might be the new 30% pullback we're expecting
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Not yet I think
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Pullbacks don't usually happen over a 15 minute period of time.
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The last one did at 6ks
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Correct. They were all whale/bitmex manipulation plays.
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How likely do you see that pullbacks are not hitting the 30% mark because too many people expect it and buy earlier ?
@Josh_Rager -
I see it very likely
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Does it have to close to be considered pull back or just a wick ?
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Wick. Its price for pullbacks Cause whales can fill their bags on pullbacks with wicks
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So blow off top to 16k still in play
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This is so confusing right now.
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A previous or market uptrend add numerous 30% pullbacks and everyone is expecting at least a 30% pullback which means we may not get it in it may only pull back 18% to 20% before continuing up
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If everyone is expecting 30%, maybe we will get 60%. The masses have to get it wrong and if "it has to go up after the pullback" then it probably wont.
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Depends on exchange mate
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IMO opinion that was stop raid on leveraged traders. Rally should continue for a bit. BUT likely a bigger, longer real correction is coming in the summer
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But summer is now
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Look for real declines roughly July 15/ Aug 1- Oct 10
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FYI I have Sept 15- Oct 10 marked as the next bottom period, but no idea on price yet....
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