Quote from: Slow death on July 24, 2019, 10:12:18 PM

The price is falling slowly which leads me to think that we will see the price of $7000 again soon or in the worst case scenario we may see the price of $6000. Knowing that people buy a lot because they hear some good news and in the present scenario there is nothing good news, so I expect to see the price drop to $7000 or $6000

one step at a time! we spent a whole month (during may and june) trading between $7500-$9000. there should be lots of buyers in that zone who are waiting to buy back or close shorts.

longer term, maybe $6k or $7k is possible (unlikely IMO) but first we need see how bulls react to the $7500-$9000 area. chances are, we'll find a medium term bottom there because it was the last consolidation area before the $13.8k top.

if we hit the $8000s i'm gonna start catching knives. Wink