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RE: [ Bitcoin ] Making lower lows. Is the bottom closing in?
I am still in the cane you are going to see a test of the Feb lows here. NOONE is looking for that and sentiment is still too bullish. Watch it unfold.
We are going down now, but it cannot go on forever just like we cannot go up forever. I think we will bounce from 7600 and go up again, but then it will come down again too. I trust 6500 was the 2018 low
You could be right. Nobody really knows all when it comes to bitcoin prices. If we see a pump up before going down again it will be ok. I will then be able to sell some of my positions and take care next time we go down again. This has been a long down move the last 2 weeks.
When long down moves don't bounce....that is not good and sets up a puke