JayJuanGee
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How much alt coin diversification is needed? 0%?


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June 27, 2019, 07:04:33 PM

So how low do you guys think we'll go?

I don't think it should get much lower from here but maybe we could see a similar pattern of 2016 june

I'm thinking lower $9ks would be reasonable, but bitcoin does not tend to be reasonable.  except when she wants to be, which again seems to be rare.

Could be. The recent parabolic rise looks like it is now ending. It went a lot higher than most expected in such a short time frame. A normal retracement would give a target in the region of 7-9k, leaving the bull case intact. ...could take around 3-4 weeks to get there.  The alternative is increasing volatility and a quick return to new highs.  Whatever happens , a lot of speculators will get burned when the rise ends, and it takes time to flush their left-over effects out of the market.

Still a conjecture until tThe next few days plays out.  are critical.

Fixed that last sentence for you.    Wink