I am looking at this drop in bitcoin as a temporally correction before the next big rally. Those who have been around long enough, have experienced these kinds of corrections and know that a bounce is always in the future with a break way above previous ATH. I plan to accumulate in the 3.2-2.3k area as I don't expect us to go lower of above these two area for the next 3 months as sentiment will flip when everyone starts to ask when the next big rally will be, and the moment you start to hear your barber ask about bitcoin again, that's the moment that it will start up. Mark my words, bitcoin is not dead, it is only getting started.
Hope you're wrong...technical and other considerations, I think 3200 is the bottom and we will see a rally before the end of the year...but it's anyone's guess which is why I trade forex mostly, making 10-20% a week consistently dealing with the known vs unknown...I sleep so much better...cheers.
likewh0a
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@LoboLoco, was wrong on the bottom for sure but the breakout is starting to manifest.
croberts2536
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looking good my man. Bought 19.6 at 3500 in Jan 19