The Idea about opening a margin long when BTC secures 12'000 USD is that there is practically no resistance until ATH. Notice that margin trading is very risky nevertheless, always consider your risk management!
@justinkeife36, We'll see soon who's more delusional in months ahead, just be patient and see
justinkeife36
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@BitcoinAffection, not saying it cant go down but 3k doesnt even make sense. post something and prove me wrong
Mr_J__fx
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@justinkeife36, It does make sense man, all we've seen since March's plunge at 3.8K to 12.5K is nothing but FED's stimulus packages supporting the markets overall not to crash hard.
And if U think Bitcoin is not correlated to these other markets, it is unfortunately!
It's correlation began since 2017's All Time Hight until present days.
Bitcoin market is not FAIR any more. U have whales such as GreyScale who own a considerably amount of Bitcoin's to crash the market whenever they want to do so.
The best indicator is DXY .. if U see it rising high, know that markets will BLEED !
Here's my perspective if U take the time to read it and analyze it..
justinkeife36
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@BitcoinAffection, so you need 3 months after the break out to confirm that we are in a bull market... okey. holding the 21 week for the first time after going above it, retesting major trendline from 20k. i think you forget btc has a set number supply like gold unlike economic assets. it may correlate to the market for now but itll soon be obsolete