Quote from: Vispilio on September 25, 2019, 06:16:09 PM

BTC getting into oversold territory now, this drop can be the last shake down before the strong rally resumes towards possibly a new ATH,

Bitcoin can stay overbought/oversold for quite a long time. Remember that markets can stay irrational longer than you can stay solvent!

Quote from: Vispilio on September 25, 2019, 06:16:09 PM

I would consider 7500-8000ish USD levels during the next 1-2 weeks as opportune places to incrementally add to your BTC positions

(while keeping some reserves intact in case of an unpredictable catastrophic event)...

It would offer a DCA opportunity, but nothing more than that. It's bearish to see the price close below the 200EMA on the daily without bouncing off it first. In most cases these movements provide a glimpse of what the longer term trend will look like, so unless we make a massive bounce back above $9300 and close a few daily candles there, there is not much point in pushing a bullish narrative.

I expect the price to plummet to $7000-$7500 which will be my first DCA entry point and from there I will reassess the market's behavior for my next move.