Quote from: 1Referee on September 10, 2017, 09:05:16 PM

Quote from: p0peji on September 10, 2017, 07:22:59 PM

You might want to refrain from buying the dip, since we have had 3 tries to break above 4350 and they all failed.

May I know what time frame you are talking about? It's yesterday that we have seen the market break through the $4350 level the last time. Other than that, if I read through your post, I too have the impression that this market will not keep its position at current levels for too long. I am quite sure that we'll see every USD exchange dip below the $4000 level before the end of next week. This market needs to unload a whole lot of sub $2000 buyers, and this will definitely take some time. Even if the market remains stagnant for a while it will probably work out well to do so - most people are here just for the action, and if the price doesn't seem to be moving much in a few week's time frame, these people will likely start dumping out of boredom.

2hr timeframe on bitfinex, from yesterday to today we had 3 touches that failed to break upwards of 4350.