I have square off all of my position and I want to buy in dip
hometown_girl
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@lovishsaini, I'll be honest, nobody knows exactly. From what we can see at the moment that it's still holding over 50k, purchasing volume is picking up a bit, but isn't too great yet.
30% drop would take us to 45k. Also, the strongest support is around 47k. The best thing, I think, would be watching the price action as well as the volume. It would need to form a proper local bottom.
akshay_redhat
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I saw it just like an hour ago or soo.. Seems scary..
hometown_girl
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@akshay_redhat, Not the nicest view to see... However, we should keep in mind that the previous two pull backs we had were just 18% and 10%. The last big one (30%) was all the way back in February. 30-40% corrections are ok for the bull market. If you are not leveraged, shouldn't be much to worry, I think. However, if it can't hold that trend line, I think more sell-off is coming. Poor alts will be bleeding hard.