Absolutely man, I’ve been targeting a buy zone right around 7600 to add to my positions, with secondary support around 7200. Let’s see if it goes down that far. Long term I’m feeling really good.
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Absolutely man, I’ve been targeting a buy zone right around 7600 to add to my positions, with secondary support around 7200. Let’s see if it goes down that far. Long term I’m feeling really good.
Solid idea. Im planning on doing pretty much the same. If it does dip below 7k, I don't think it will be much further
Agreed. And 8400 is also a very interesting level, as it’s associated with the downtrend, so if we may just bounce off of that again before we even reach the 7000s
There is a regulatory meeting in Europe next week that people are bullish on, so hopefully this is the latest bottom before a recovery. If we break support at 7,000, I personally think we will fall faster from there to 5.5k.
Yeah, let's see what happens. Regulation tends to drop the crypto markets initially, but is crucial to the long term staying-power of cryptos, so we'll see how it plays out. That being said, a positive signal towards the future at that meeting could provide a large bounce.