Topic: Where's the bottom of this drop - page 2. (Read 326 times)
This bitcoin drop can only be stopped once the manipulators are tired driving the price down.
Anyone calling the bottom? I can see this hitting 6500-7000 before reversing back to 9-10k, at this point I'm not sure if selling and re-buying on the following dip is best or if this will rally well past 10k. getting antsy but being patient and adding on where I can.
Possibly around 6k to 5k bottom if for worst. But I'm still hopefull that ot would not reach that drop to the bottom and will start to recover by the end of this month. 
$5436
once 6K is broken (which looks likely now), next will be around 3K.
It doesn't look all that likely for the $6000 mark to break. After that we have a very strong base foundation above $5000 that will only break if the demand has plummeted to the bottom, which is unlikely.It however does feel good to have fiat ready that I can use whenever I want. That's the direct advantage of buying smaller quantities per time, which if you distribute your funds properly, will allow you to buy the bottom.
My current buying schedule:
$7000-$6500 15% of my current capital.
$6500-$6000 15% of my current capital. (reaching these levels is the most realistic scenario I can think of right now).
$6000-$5500 20% of my current capital.
$5500-$5000 30% of my current capital.
$5000-$4500 20% of my current capital.
once 6K is broken (which looks likely now), next will be around 3K.
Anyone calling the bottom? I can see this hitting 6500-7000 before reversing back to 9-10k, at this point I'm not sure if selling and re-buying on the following dip is best or if this will rally well past 10k. getting antsy but being patient and adding on where I can.
I wouldn't really sell right now because prices are already so low. We're within $1k of the previous bottom of $6k, so it doesn't really make much sense to sell off now. Even if you time your trade perfectly, you probably wouldn't be able to make that much of a profit for the risk that you're taking.
I personally can see that we may go lower than $6k this time round, as the $6k support will get tested, and will potentially be broken as it is most likely not as strong as last time.
So being conservative, I'd say expect the floor to be anywhere around $4.5k-6k, which isn't that much lower than the current prices. But it could take some time and dips to get there, with adjustments along the way.
Anyone calling the bottom? I can see this hitting 6500-7000 before reversing back to 9-10k, at this point I'm not sure if selling and re-buying on the following dip is best or if this will rally well past 10k. getting antsy but being patient and adding on where I can.
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