This is a seller's market : downtrend (Check daily). We had a dead cross on the hourly this morning and we are getting lowers HIs & LOs. Time Fib the poop out of it to get the supports. I scalp usually and was not able to find any money spots (buying in seller's trend): last 2 times this happened to me we dropped 50 to 80%...
mattwhite23
⋅
@jpfortin, will the 11.7k support hold or will we fall further do you think?
I took some profits and sitting in the side with fiat.
jpfortin
⋅
@mattwhite23, same here. I do not think current support will hold. Buyers are weary and sellers are dumping - Also anticipating Asia to dump based on latest news: closing mining operations, SEC some blocking ETFs, China/Korea clamping down on exchanges for taxes and levies... lot of FUD
Quinster01
⋅
@jpfortin, I don’t think that will create enough FUD to drop below support levels. But let’s see what happends.