Quote from: Distinctin on June 07, 2019, 05:21:19 AM

Quote from: STT on June 04, 2019, 11:55:54 PM

Quote from: CryptoCashMan on June 04, 2019, 02:20:14 PM

So, after a very short-lived pseudo breakthrough, we are back to 8000 again.
I told you guys, 8000 is a very tough nut to crack.

I think I noted 8500 as a tough level but it got to 9000 which I guess is typical, maybe its like a speedbump it passes over but is slowed before then reversing.

My take right now is bearish until we can confirm above the 8000 area on a 4hr bar say, ie closing out above or testing 8000 and rising would be bullish

I'll rejoice if we will be back at $8000 again, we are struggling now, but I'm not losing the faith that it's again possible to reach that level, despite market shows a little bearish trend, but bulls are still bigger as it was able to penetrate well this year already, we will be back up again soon, let's just trust.

this is not a "struggle" anymore, the actual struggle was happening when price was below $4000 and it was very hard to break it because investors were scared and mostly undecided about the short term price and most of them were greedy enough to want to wait.
but now that we are already on the rise and have gone up more than 100% in a very short time, this here is called a short term correction and accumulation before the next leg up.