@gsxr1685, at this rate we might be there by tonight.. lol
severt
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Based on freakin what?
stec
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@severt, it is Beyond Technical Analysis as selected... lol
It already overshot me by a few $$ but we are close... the whales are in their last ditch effort to trigger some stop-loss victims and we should expect to see a bounce back to 9k or 10k before a retest of the new low.. and hopefully if it holds we can be done with the madness for awhile
severt
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@stec, that's your assumption. So again, based on what? If the whales can go to 7k, they can also go to 6 or 5 if they have bought btc from the very beginning.
stec
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@severt, I didn't want to reveal my methods, but I have a magic 8-ball that said the end is near... and yes, I shook it really good..
severt
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@stec, sure it can go up. But calling it the bottom in this bear market. I wouldn't dare telling this.
stec
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@severt, make a chart and call your predicted bottom.. then we will see who is closer.. :)
usr32
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@severt, @stec, He is right you know. Bitcoin dropped below the 61.8 fib retracement value (a bear trap), it will shoot back up above the 61.8. That is usually how it goes!