Quote from: Harlot on August 08, 2019, 07:26:49 PM

BTC as of right now is showing some weakness after hitting 12,300$. It has now lost 6% of its value after attempting to go higher than 12,300$ now its only 11,590$ the lowest of which is 11,200$ for today. With that quick recover after 11,200$ I think the market is still in favor for the bulls but if Bitcoin continues to be in favor of the sellers by just going down nearer to 11,000$ once again then we might go down around 10,000$ by the end of the week. RSI is still in the middle so there is no indication on where the market will go from this point.

The market will still be in favor of bulls even if the price falls lower than this, the good thing about the current market is that we are already in uptrend and we are far away from the bear market, so whatever drop in value we are seeing should just be counted as correction and I think we will be seeing lots of these correction before the bull run come, the only people that would just be luck are those that are using this opportunity to trade, they just buy low and then sell high every time they see that opportunity.

For long term holder, I think we should just forget about monitoring the market for now, or else we will give ourselves unnecessary tension, our goal is to reach ATH and when the time comes, it will be clearly known to us.