Quote from: pooya87 on Today at 04:43:24 AM

Quote from: ukloon on June 10, 2020, 10:43:35 PM

sharp drop

Quote from: jackg on June 10, 2020, 11:04:58 PM

go back down towards $6/3k levels...

to this day i still don't understand why some people keep saying things like this! why should price of something drop SIGNIFICANTLY just because it didn't go up?
i get a small drop to something like $9100 or to $8900, it makes perfect sense and it has been the reality of every market out there, also the bitcoin sideways periods have always been like this when price fails to break the resistance (or another way of looking at it: fails to break the support and go lower!) it keeps dropping and rising in small increments.
but i never understand why you claim that drop has to be so GIGANTIC?

Mines coming from the fact the other drop was massive. If people bought at 4-5k and we drop down to 7k quickly, theyll be more likely to drop their coins and sell them off. Since we went to 3.8k so fast I haven't had much faith in the price holding any level also tbh.

From mainstream social media too there's a lot of retail that are holding their coins, if we do another drop they light cut their losses and pull out... There's also a chance the stock market will crash again and it doesn't seem unlikely...

I don't think it'll be a massive drop though, it could be but I think a fall to 6.5k is realistic considering we've plateaued for some time. We can't really be stable at 6k so it could be around 5.5 instead if we go further... We looked to have dropped and risen from 9k at the point I'm writing this, dunno if this is going to move further or just go back up.

Quote from: justdimin on Today at 03:41:43 PM

That is the trick here, the chart says it "could" drop, it could also go up insanely high as well, it could go up so much that the price could be $20k,

Yeah a lot of ta for traditional forex is 60-90% accurate for forex, it's probably lower with crypto just due to differing markets and the number of people looking at simple ta patterns...