We are making a pause in bear flag, expecting to fall lower soon. I m target the 560 area for a bigger bounce.
Comments
HerSerenity
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Two simple reasons why this will go lower, at least one more step:
- first wave out of the bollinger tightened, ultra low volume flatline
- we (=Bitstamp?) did not test any bottoms, in fact check Huobi and you'll see it's actually literally glued to the current bottom, any bull got annihilated rather quickly, dropping down the price back to where it came from.
The problem is that the current big support line is slightly sloping upwards, meaning if it keeps going flat like now, it will inevitably fall through. And as of now there are no signs of this not happening.
ChartArt
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We already had a re-test of the bottom. It looks very stable to me. I don't expect another leg down.
Maddie
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Why do you expect a lower fall soon?
We have re-tester te the bottom several times.
For the long term I don't expect that the price is going down.
But i'm curious to your opinion.
MoonTrader
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One word: perma-bear
LeMogwai
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I can only agree with you :P
MoonTrader
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But why?
LeMogwai
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maybe because i m feel better when price goes down and when i trade the bounce. And because i m right :P
- first wave out of the bollinger tightened, ultra low volume flatline
- we (=Bitstamp?) did not test any bottoms, in fact check Huobi and you'll see it's actually literally glued to the current bottom, any bull got annihilated rather quickly, dropping down the price back to where it came from.
The problem is that the current big support line is slightly sloping upwards, meaning if it keeps going flat like now, it will inevitably fall through. And as of now there are no signs of this not happening.