Quote from: uslfd on May 24, 2018, 01:28:31 PM

Quote from: Kylapoiss on May 24, 2018, 01:22:08 PM

Quote from: uslfd on May 24, 2018, 10:38:34 AM

once 6K is broken (which looks likely now), next will be around 3K.

I agree 3k would seem possible if we broke 6k, but there is massive resistance at 6600 which was tested 3 times in February and it held strong then, I'm guessing we're going to test that level. IF we would go below 6k then it's time to buy buy buy! At least for me.

Last two 6K tests already exhausted a lot of buying power. I'd rather btc not test 6K again from here.
Anywhere near 6K this time market could easily break down by leveraged shorts pushing through the floor collapsing the whole structure - which will be very ugly..

I don't understand a lot of the replies above who think 3K is impossible. It's this kind of blind optimism the market will get rid of before we could see a genuine bull market again.

True, with bitcoin everything is possible and nothing is impossible

And I agree with you that 3k wouldn't be so bad, only for short term maybe. But one should be in for long term, right? Lets shake out the weak hands.