Quote from: iwishicouldfly on February 02, 2018, 10:08:02 PM

Quote from: peter0425 on February 02, 2018, 10:01:22 PM

As of the moment, it seems that the price is not dipping below $8K so I say that it will not continue to shoot down to $6K. It's really been one heck of week, so frustrating at times when you check the price moving to the opposite direction. Not complaining though, we have seen this pattern in the past. The key here is for us to have patience and to remain calm under pressure.

Whales, FUD's, Government clamping down and putting heavy regulations are all the culprit. But as much as they want to put it down, the more it will grow long term. I will continue to monitor the price but I'm not expecting anymore drop but instead a slow recovery starting this month.

It went to 7,400 on some exchanges, there's a high probability it will hit 7.X again. I cashed most out most of my bitcoin (90%) at 16k however if it hits 10k again I'm really thinking about cashing out the remaining 10%. I'm not even FOMO anymore because I think the recovery is going to be slow even if I do miss the boat.

That's the dip I think. 7.5K usd was my prediction for the bottom point according to fibonacci retracement (if you don't know, google and try to practice it). Of course it doesn't mean that it will be for sure but as most of the traders are using fibonacci, it works as support and resistance.