Hi guys and girls,
I think the time is there for the big shock in price.
I do not know how low it will go. If it continues from here (9200) it will go to at least 8500, maybe 6800.
I still see a lot of potential for bitcoin to grow, but this kind of correction (backtest) is nessecary to go back up again.
There is enough money that wants to flow in, so i would not worry.
I keep my position and am ready to buy a little more!
To which levels do you think we are heading?
I think it can go to $7000, and, as you said, it might be necessary before we see new highs.
I think the trick now is to be patient, and do not trade if you are not experienced. History has shown that trade at the bottom price is, most of the time, a bad idea.