Bitty going to fly soon?
$Bitcoin(BTC.CC$ I thought CPI data is not looking good for Bitcoin today. Why does Bitty looks like it wants to take off any time soon from current trading? 🤔
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102131911 OP : Or is this a fake take off before the big dive after CPI data is out?
103480872 : I'm waiting for it to fly again otherwise how can I short it again![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
102131911 OP 103480872 : Anything that goes up must come down! That's your basic logic. Am I right?
10baggerbamm : the chart on bitcoin on a weekly basis looks terrific we have consolidation right around the middle moving average and it looks like with some risk on we have a push to above 77,000 over about a six week timeframe
103480872 102131911 OP : yes, people's buying power is limited and big institutions can still think the risk reward ratio
103480872 102131911 OP : and also because I already took profit. It's gonna be more comfy to short sell at higher price
103480872 102131911 OP : What's more logical is if I buy and the bubble burst, I need to wait at least 4 years for next cycle. However, if I short sell but the peak is still higher than 73k, I only need to wait at max 1 year for the bubble burst
102131911 OP 103480872 : Wow! I like your logic! That means you'll forever trade in short position.