BITCOIN Dump Not Over -- False Breakout Confirmed
The crypto dump will continue. Bitcoin and all of the major alts have seen lower lows and increased bear volume since bouncing earlier.
This breakout is confirmed false! Now, we are running down to test the supports from the bounce this morning.
If the current support breaks (likely), next support for Bitcoin is $6,200, $6,000, and then the $5,511 support from back in November.
Stay safe everyone!
What's your take on how long the nose dive will last? I personally believe it will last at least anther month before it starts recovering, albeit slowly. I'll be saving up for a month then buying like crazy!
Do a google search for "Financial Bubble". There's an image that talks about the stages and it actually mirrors the BTC daily chart almost identically!
Wow this is fun ... I have one last barrel to fire but waiting for the bottom. Think $5500 should be bottom but does that get us despair?
BTC just made a lower low, so we will definitely keep going. I think the $5,500 level is a reasonable target. I had made the prediction at the start of the year that we would come down and test $5k at least once this year. I'm definitely looking for quick flips in these markets.