I think there is a 90%+ chance we are going down to at least 6000 within the next 3 days. That major dump a few days ago has FUD'd the market psychology. But where do we bounce? My instincts tell me there is a 50/50 whether we bounce at 5800-6000 (minor support line) or 5400-5500 (major support line). I plan to close half my short at 5800-6000, and let the other half ride until 5400-5000 with a rolling stop loss.
What do you think bitcoin will do next?
-M@
What do you think bitcoin will do next?
-M@