Sure, on the long term, I suppose most of the people who got in already, are bullish for the long term.
So, you are saying - we might get lucky to see BTC back from the original breakout level? I hope so.
Thank you for sharing.
Lucasxhy
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@sifeij, I'm trying to say that BTC is currently on a 3-month bearish trend if we assume that the bearish trend is going to last as long as the bullish run. now based on this assumption, two things can happen, if the BTC decision goes through smoothly and with a majority consensus, then probably the bearish trend will reverse and we will see another bullish run of perhaps half of the length of the last one. if it does not go through then chances are that BTC will go back to the mean and hit a historic support on 1300 and after the three months there it will break upwards. The most unlikely scenario is that the BTC decision is a complete failure and so on, and the historical support is broken, let us pray that doesn't happen.
CovidScamIsAnIQTest
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@Lucasxhy, Make sense. Thank you for your patience. This uncertainty also made me missing this "bull-run" yesterday and today. I am hesitated to enter long positions for BTC right now. I end up canceled it right before I slept the night before the bloodbath. Oh well...
So, you are saying - we might get lucky to see BTC back from the original breakout level? I hope so.
Thank you for sharing.