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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.22-0.2%Nov 21 4:00 PM EST

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To: TobagoJack who wrote (166984)1/12/2021 7:41:26 AM
From: carranza2  Read Replies (1) of 217927
 
None of my stops got hit yesterday. Came very, very close. Amazing.

I disagree with Armstrong. I see some consolidation, some volatility, but no outright crash. The move to mid 40s was too swift and unsustainable. After a period of volatility lasting 3 weeks or so, my guess is that rally continues. The whales/long time holders (huge part of BTC market) will not be selling after they saw what some of their hand-loosening caused, or will sell much more cautiously. They can greatly influence price and will not allow another crash.

Not that it matters as significant profits are protected by stops.
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