how do you see it short term (within the next couple days) ? At first it looked like a big cup and handle but it hasnt moved much since. Is it bullish?
rolflobker
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@MuMPiTz, it looks to me like sellers are getting exhausted and support is around 2400 sats now.
Also lower priced coin (ea BAY @ $0.35) are getting pumped left and right (irrational; but happening still)
I believe I'm seeing patterns everywhere; where there is a first break out; then the coin gets noticed; new buyers flock in while sellers are being exhausted. Then we can see another 200% which is exactly what Trishaan is also predicting here.
When we see lots of crypto go up 200-1000% I believe that could also stop people from selling after "only" 50%, relieving a coin of selling pressure... could be only a matter of hours before this thing kicks into 5th gear
MuMPiTz
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@rolflobker, thanks for the explanation and your estimation! I think I'll hold it a while longer then :)
rolflobker
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@MuMPiTz, This very much depends on what moves BTC makes BTW