I wonder if I should sell now or hope for the bulls. Looks like it's way too late to sell...
Maybe you should try to hold your balls up since there's still hope that bitcoins could pump again, remember it has so many supporters and maybe some of them afraid to go on it since their are existing bad issue of certain exchange flaws and side problems for now but I believe the quarter 3 and 4 will be the good time for bitcoins and let's hope for the best on it.
Maybe he really should, lol. No one knows what the market can ever bring next, it is so highly unpredictable, anything can happen at any time and even though it looks we are still in a huge downtrend, anyone of us could end up wrong. As of now, I am sure bitcoin will remain staying strong above $6300 levels.
If he had sold when we broke the $7350 local support downward, he would have been in a better position, but still nothing is guaranteed in the market and anyone who does not know what to do as when it comes to trading should better just keep holding until the market recovers.
It looks like we are going below 6k really soon, the RSI levels cooled off a little bit, the bounce was really small and no follow through, bears are looking really strong. We could see a strong bounce eventually after we break below 6k just like we have seen the past 2 times.