The bullish volume this morning appears to be more fake wash trading. I tend to agree that we are most likely going down, however I am not eliminating the possibility of a continued fake push up before we drop back to 6k which I believe is inevitable.
@theflamingfalcon, it is extremely unlikely. We have been at 6K too many times already. Try not to expect that it will go there another 10 times.
theflamingfalcon
⋅
@Exess17, We have only been there twice in this correction and it has nothing to do with how many times - it has to do with a point at which buyers start supporting the market and we have yet to see that. We have seen major manipulation by Tether and wash trading to liquidate shorts. That's it! If we break above 9100 and see organic buyer power we can continue up. Otherwise we are dropping again.
anance
⋅
yep :)
modern_day_astrology
⋅
Instant regrets.
Jefe
⋅
@wernerbh, Would you rather miss out on illogical gains or trade sensibly with proper risk management?
@fakhan, It's not illogical given that BTC has done these things in the past but yeah, I sold part of my position.
Jefe
⋅
@wernerbh, I got out of XRP at a 25% profit. Sold at $0.876. That's good enough for me. I don't want to be left holding the bag when BTC rebounds off a historical downtrend line.