Thank you, srezz! Truly exciting times. Panic will be huge. MACD too shows that the price is very overbought even now (after this long correction) and price is going to correct further. I believe you're right that market will bounce off $9k region. The obvious truth about this fall is that the stronger it will be, the stronger will be the following bouce. So if we will test 5-6k in a week, then it will be possible to return in 10k+ price range. I believe that now is the perfect time to make money. Short or long - doesn't matter. No panic!
In general it looks like we will repeat the 2013-12 events. And if it is true, then Bitcoin will die for a couple of years maybe..
if bts does take a giant shit like 2013, i think it will return faster. around the 3rd qtr. markets are moving faster now and there is more infrastructure in the crypto space.
Probably you're right. We'll see!