Hardly doubt that the final big crash will come today. I think it will take about 1-2 weeks, when everyone feels safe and cozy, and then, it will hit in waves that last for about 24h-48h. The waves will be full of fun little bulltraps that are run by bots who make their decisions based on all activated orders that are over 1000$. When this is over, then we will see a lot of despair from people who used to cheer that BTC will never stop rising to da m00n. When 2 weeks have passed and value hasn't risen over 400$ and places like coindesk and cryptonews are publishing news "ALL IS DOOMED!", then we will see a new wave of despair from the same cheerleading folks who now say that BTC is a scam and they lost their life savings... Then there will be a slow downfall for about 3-6 weeks when miracles will happen and new "news" will be published that all is well and BTC will soon be the currency for the entire universe and then the price will rise again to about 3000-4000$.
At least that is my speculation on this manipulated market of cheers and despair
Nice story! When the Unicorns come into play?
Seriously now: It's a speculative thread so anyone has an opinion and he's/she's free to say it. Aside the exchanges we know there are transactions outside of them. It's like normal people who are able to buy themselves their stocks from the stock exchange; and there's a big fund who wants to do the same job. The only common between those two is that they both trading; the rules are different though.
Believe me when the big move is about to come we will know about it. When BTC China went down we KNEW about it and several people here made a lot of coins/fiat from the intel. MOST people will do nothing about it. Either there's fear and despair, speculation that "this is not it" (even if it actually is and everybody says so) or really whatever reason makes one feel comfortable in his divinity of dreams.
The game has specific rules for EVERYBODY. Chances are you and me have the same. Chances are we have not. Don't get too emotional with other people's thoughts or TAs. I like monitoring and verifying a couple of those funky charts; but frankly I don't give a damn. They're as valid as a total lucky call is. What I have in mind is my point of entry (I did so) and my point of exit. This is what most small holders should do IMHO. Otherwise, there are many chances that it will end in tears for them.
Have a nice one; I'm off to sleep. Goodnight from Greece.
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