nemo im getting the feeling this is a trap/fakeout rally. exactly like you proposed. trying to short a couple garbage unknown altcoins right now. this just feels TOO easy to keep going up from here.
not convinced it has to keep going up anymore.
every amateur T.A. person there is became bullish when bitcoin got above the 200 day moving average... the whales know that. i like to do the opposite of what the herd thinks.
Quoting: Mr Cheese i only follow bitcoin, but it's already had two sucker
rallies in the past 8 months, both rising 4-5k over
a couple weeks. 25% rise in 3 days feels super suspicious,
I say it's another sucker play, it has a desperate feel
to it. Im not seeing a degradation in performance yet
but Im 95% sure that bitcoin network is losing miners
continously right now. I know 20% of total capacity
declared bankruptcy in the past 8 weeks. my guesstimate
is 40% loss so far.
