Quote from: Predict0r on July 08, 2018, 10:55:10 PM

Quote from: figmentofmyass on July 08, 2018, 10:47:47 PM

i'll acknowledge this is still officially a bear market and we could go far lower. but $400 just isn't realistic... ~ $1000, worst case.

Maybe. I wouldn't be real surprised if it ultimately flattens out at $600-$800. But in the big picture today, those are details. It still means "get out now".

Not necessarily. Price still hasn't broken down from the February - July range, which means this could still be a major bottom area. I'm leaning bearish (though I'm on the sidelines with no short open), but I'm just pointing out the time to sell was months ago. There's a decent chance selling the $6,000s = selling the bottom.

Even a mid-term bull trap could allow people to exit at 2x this price while you're waiting for sub-$1K prices. I prefer to wait for significant trading ranges to break, then ride the trend. We've been sideways for too long, need more evidence of downtrend continuation now.