I think sideways around this 590 level until we pop to 630-640 then see another small correction. Then up!!
Anybody else think we double bottom here?
No.
Clever name.
I feel bad for everyone who sold at < $600 expecting it to drop further.
Maybe. But what if $560 is next? TV chat -- everyone says $400s incoming.....
I feel bad for everyone who sold at < $600 expecting it to drop further.
Why you are feeling bad, market still around 600, so you can't say we are now going upwards.
Pretty much everyone who was going to sell has already done it, except for our bear whale friend who has been dumping incrementally for the last few weeks. The mythical date of July 24 has come, and it was completely natural and healthy for a few holders to get spooked and sell, anticipating a sharp drop. Now that we're stable again at $600, they'll likely buy back in and we'll go up again.
Well, my worry is that we just had a tight contraction in price action that broke to the downside. That could indicate that there is more to come.
I keep seeing this July 24th thing -- what is that? Some news I must have missed?
rebound in progress? or ignition.. we shall see
Looks like double bottom to me. But we might just retrace and then continue more down.
rebound in progress? or ignition.. we shall see
Looks like double bottom to me. But we might just retrace and then continue more down.
I am still not sure about double bottom yet, but let's wait more then it will confirm, if there is or not.
Yeah, still seeing a double bottom here off 3700 lows. But not sure that this bear move is done.
Part of me misses the DDOS's on exchanges and the 10's of minutes of trading lag.
We've come a long way.......
I'm okay without it. Feels less likely to flash crash this way.
He's resigning to throw himself fully at BTC. A strange reason to panic.
That is just what the public announcement says. You cannot take such announcements at face value. He may have been fired or he may have left, for any of many reasons.
Stop raining on our parade here.
