Re: Huge drop happening within 48 hours! (Update: BTC Price on Sept 5th)
That said...I am long term holder. So when it goes down heavy, I look at it as a buying opportunity. I dont trade, because I ALWAYS lose money that way.
ps. if you don't trade then why are you getting excited about this dip?this is the internet, where the most important thing is being right.
Bear trap.
in a broad sense, yes. the monthly uptrend is very healthy.
but shorter term, we just broke down from a 2-week long bear flag, so we should expect more downward pressure IMO. i wouldn't say i'm expecting it but $8k is plausible over the next couple weeks. it would be a hell of a buying opportunity!