Post
Topic
Board Speculation
Re: My first short :o
by
aso118
on 15/07/2017, 07:37:39 UTC
At this point there is nothing surprising to see. It's all known how the market is moving up and down within a certain range. I don't see anything significant happen until we dive below the $2000 level. If that happens, I am fairly sure the panic will pick up and drive the price down even deeper. Any serious trader/investor has done most of his cashing out at levels between $2700-$3000 not that long ago. Market at that time was greatly overbought, and basically had no chance of going up even further without any sort of scaling solution.

Wow, the price fall has really gained momentum now.  Price is $2070 on coinmarketcap.com
11+% decline in the last 24 hours. $2000 doesn't look unbreakable now.