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RE: Bitcoins Inevitable retracement - The top is in for now
I don't think it will pull back to 1300 any time soon. I mean, I'd be glad if it did because I'd add to my position. I think that there's a lot of world political events going on that's causing this price. We will probably see a pull back, but probably not to 1300. This thing doesn't trade like a stock, I can't describe it.
I am thinking it will pull back a little, go sideways/down and back up as political/economic events unfold
As you can see from earlier runs, it makes very Deep retracements.
Dont suffer from the "not this time" - syndrome. Use reason and logic.
But at least we can agree these are not buying levels my man.