Will not break resistance, will go down for sure. I have finally come to terms with it lol. If it goes down to 2 or 4 k then I will be prepared. ALTS going to die. Maybe 20 or so will make it.
Zzrot
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@cryptothrice, I'm conflicted. We've been in a down trend all year now and anyone who shorted any of the peaks on the weekly and held is winning. At the same time we've come down so much and I'm hearing a lot of people suggesting another big short squeeze like we had in April. Thing is, margin shorts are at 33k now on finex (there were 40k then) and I could easily see them climbing to an ath before a real squeeze happens.
cryptothrice
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@Edu2, yes I can see shorts going 40k again. and a squeeze could happen then. I still think they're still people that can be squeezed out. We haven't really broke that 6k-5.8k range. ITs been holding steady and still makes people think we are going to hold. I think they will drop the price to new yearly lows to deliver the final blow. Then the market will pick up again once we hear some seriously bullish news. perhaps ETF, CHINA, KOREA getting back in. I just see the market going up unless there is some seriously bullish news. we shall see
cryptothrice
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@cryptothrice, I mean " I just DONT see the market going back up unless there is some seriously bullish news."