If this were Forex, I'd be jumping in immediately. Since it's Crypto - who knows. I'm not 100% convinced that the BTC has reached its bottom. I'll wait for at least a few solid positive days before jumping back in. BCH burned me pretty badly.
MaAndre0805
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@kirkhilles Bitcoin Cash or as many have called it - shitcoin crash
jamstock
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That is a ballsy counter trade trend. Massive selling pressure and no support level. I will be waiting for price to reach 3000 before considering longs. For now, only looking to short on pullbacks. One thing going for it: Price is oversold and probably due for a correction.
anonycoin
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@jamstock, go ahead wait for your 3K Bottom till the end of the year, lol
atdykema
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@anonycoin, hes right, the selling pressure is still there and the double bottom was too short to support any kind of long term rally and the bounce after hitting 3600 wasnt a convincing bounce that we are ready to go back up
UnknownUnicorn3272583
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@atdykema, agreed. even if it doesn't hit 3000 I would still expect a retest of 3500
jamstock
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@anonycoin, I think it could break below 3K too. There's just absolutely no evidence of the buyers coming back into the market at this point. I'm not bias one way or the other. Just seeing it as it is, and Bitcoin is bearish as hell right now.