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RE: Time to buy Bitcoin? This chart watcher says yes!

in #bitcoin6 years ago

I am still looking at volumes as they have come down a bit and have not been in capitulation territory in my opinion. Hold on to your seats as it may be an interesting weekend as volumes drop!

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What price are you looking for?

No price in particular but a steep drop with heavy volume followed by a strong bounce. That will get me positive.

Yea the fact that we haven't seen a strong bounce likely means we hasn't seen the bottom yet. Bottoms often tend to be "V" shaped.