BTC/USD - Lets crack open a cold one and wait this out

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Even though we have seen a couple of dips (and it may drop further still) we are still in an incredibly positive trend maintaining higher lows (Purple line) and we must remember that when we are working at this volume the consolidation is going to appear a lot more dramatic.

This is not a prediction, just reassurance. Prices are low if you want to buy, and things could be much worse.

Lets all relax and use this and look for the opportunities this drop has provided us!

As always comment with any thoughts.


Your purple line might not hold for long...
+1 Reply
@sifeij, I agree, even though it has maintained so far if it breaks support it will cause a pretty hefty drop. The good news is it will need to fall a lot further than that before we need to worry!
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