Thanks. I think that the price will turn and move down a little. However I think at this price the downside potential is limited. I am bullish until price at least retraces to 11000. So even if price moves down some more I will still be looking to buy, until I get that deeper retracement. Based on the nature of the retracement (ie. impulsive or corrective) I will re-evaluate and see if I want to sell. Good luck with your trading!
UnknownUnicorn1024359
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nice job
time to short soon
orvilleawright
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@GordonGekko33, I am still holding 3/4 of the long position. However my stop loss have been moved to breakeven. I think that the price will turn and move down a little. However I think at this price the downside potential is limited. I am bullish until price at least retraces to 11000. So even if price moves down some more I will still be looking to buy, until I get that deeper retracement. Based on the nature of the retracement (ie. impulsive or corrective) I will re-evaluate and see if I want to sell. Good luck with your trading!
UnknownUnicorn1024359
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@orvilleawright, im really bearish on crypto,for the next months.im not really seeing bullish trend soon
shortin lower risk and much easier to handle cryptos for now
orvilleawright
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@GordonGekko33, You are certainly correct that the market has fallen aggressively for about a month and a half. It is now at the 78.6 fib retracement of the previous up swing. I don't know that the next upswing will result in a resumption of the bullish trend. But at a minimum I am expecting a correction soon at least to 11000. Lets see how it turns out :)