Crypto basket:Bitcoin is near the edge of a double bottom.

in #bitcoin6 years ago

I still dont think Bitcoin has bottomed. But where its sitting now. It is close to testing a double bottom. The 3k target is still looking doable imho. The others in the basket are in the same boat.

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Silence before the storm. My dips are not yet reachable. 🙄

You think 3k bitcoin is possible??

Yes, I target 2,852 or 1,071. I just don't have the balls to say it. Most of the reason is, its not really bouncing. I'ts more a slow burn capitulation. The retraces are mute.

Oh man, that sounds fucking terrible.. Do you think its best to cash out now and buy back in when it gets down to that or just HODL and hope for the best?

I don't think support will hold. But it may bounce a few times before. I don't see anything that would make me buy atm. I would be skeptical of holding here.