Scared of the bitcoin dump and losing a lot of money? Trust the Fibonnaci retraccement and keep holding. We might see another quick dip to 12,800s (50% retracement level) and then watch for the reversal signals.
Do you believe this dip is temporary, or do you think this trend is going to continue for the next few weeks? Hard to say for sure obviously but Im interested in your take.
Thanks for the analysis
muhammadatifjav
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@kash27, yes it is temporary for sure. Will it continue for the next weeks? Maybe. Its either going to bounce back up from 12800 (50% fib) or go down to bounce back from 10,900 or 8,487. I see this as a Christmas sale, I'm only sad cuz I'm broke at the moment and no one likes being broke on Christmas :)
kash27
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@muhammadatifjav, Lol yes Im exactly in the same situation and I dont want to sell my holdings. Well I guess I cant do anything but to wait and watch what happens now
muhammadatifjav
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@kash27, If actively trading, dont blink and learn. If you are not active-trading, go back to normal life and come back in mid-January ;)
Thanks for the analysis