Bitcoin Dropped $700 in 3 Day, Now What?

in bitcoin •  3 months ago

Bitcoin bounced from $6100 to $6259 on Bitstamp, but before that we fell $700 from $6763.

Tone Vays gives us his long term view and it still does not look good:

Do you think we will break $6000 over the weekend or break $6400?

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I think we will break 6000 over the weekend.

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Trade the trend. The trend is still down.

i would like to know the impact of tone being bullish at this stage. if there is one, but everywhere i look i hear and see tone vays quotes, maybe people give him too much attention and therefore he would be BTC poision, even if he is a BTC fan and altcoin hater :D. shut him down for 2 weeks and look what happens!

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Interesting thought

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Tone Vays has been more right than wrong and he makes a compelling case for his targets. That is why he has a huge following. He is a top TA.

Now we HODL, in the future we HODL forever HODL

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Thank you for the headsup

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thank you

The Btc to $700 would be a failure for all crypto world.... I don't believe this ... there are a lot of optimist people like this: "Julian Hosp, co-founder and president of crypto startup TenX, says he’s still “quite confident” that Bitcoin (BTC) can hit $60,000 in 2018, CNBC reports Wednesday, July 11."
rif. https://cointelegraph.com/news/tenx-co-founder-still-quite-confident-bitcoin-can-hit-60-000-this-year

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That sound great, but I think it will be very difficult

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