I hope it bounces up, too, but don't we need a higher volume for this to be significant? RIght now it only looks like a continuation of the bleeding out that's been going on for quite some time now and that can't be good for anything, this just pushes the price down further, and isn't causing any support to remain valid.
I'm not a "trader" so it's up to you guys. But isn't this when you're supposed to be buying the dip (cheap coins)? People seem real good at selling the tops, but poor as shit at buying the bottoms. Between the farms cashing out and the short-capades going on at all times is it really a surprise that it's continually bleeding out?
Well, a lot of people are really greedy and will never sell at the top, but buying the bottoms is hard because things look dire then, and people start to panic. This is contrarian-investing, but works only when you are totally sure about what you are doing! As soon as emotions get involved, you are screwed!
Please introduce me to someone who knows what they are doing and thus accurately predict the price.. I have read a lot of threads on here and havent come across anyone yet. Cheesnut is excellent at short term predictions using EW but thats only for the short term traders.