Re: Its not bottom yet. It will crash under 100 just wait for it.
I remember the big crash from $266. Look at the daily chart for April 10/11 it looks very much like the current situation, we're just getting started on the second red candle and so far $120 has held out.
People were saying the exact same things on the second red candle after the dip from $266. It will never go down, hold your coins, etc
It did go down lower than $100 and reached $50 in the end.
This can happen again easily all it requires is a lot of peple to sell.
However low it goes it will bounce many many times.
Back on the daily chart this current situation looks like the first bounce in a larger crash which is taking a few weeks to play out.
The first top was $266, the second one $144.99, the third top is anyone's guess at the moment.
People were saying the exact same things on the second red candle after the dip from $266. It will never go down, hold your coins, etc
It did go down lower than $100 and reached $50 in the end.
This can happen again easily all it requires is a lot of peple to sell.
However low it goes it will bounce many many times.
Back on the daily chart this current situation looks like the first bounce in a larger crash which is taking a few weeks to play out.
The first top was $266, the second one $144.99, the third top is anyone's guess at the moment.