@akhalifeh market is not looking too healthy at the moment, we could indeed see another correction.. i think if 12500 breaches you could be in danger of getting pulled but it will act as strong support. so if you can take it i would set the stoploss a little below that.
More dip is gonna come I think..fake bull run setup may be taking place..indian exchanges too had raids but no fud panic took in indian exchanges.. Koreans may dump more as support levels are not stabilising..we may see 8k then trend reversals..
two options, i'm not totally sure to decide which way it will take but i'm pretty sure it won't drop below 10k. What we have seen in the past days is that whales already loaded their bags, weak hands got shook out and trends were showing positive signs again before the bad news came out. Without further FUD i doubt a drop below 12500 - if so, 10800 will also act as a very strong support.
@cscarpa, can go below 10k nor stop at 10.5k becoz price now is all depending on human psychology.. indication and other stuff won't work now for couple of days untill we r clear if we r reaching bottom or not..if u see all the hype started from 10k after pull back ..so people can use stop loss if they see btc approaching 10k if they're still holding.. anything can happen..8k is strong if 10k slips..