I don't think so. Because it is rather a reaction on the sharp growth. If we use history as a guide it took long 10 months of flat market in 2015 before beginning to recover from the previous drop of the similar magnitude.
Thanks!! Now that we touched 7.6k, do you think there will be any chance to dip that low again or lower? Or we will stay around 9k level for a while before shooting up? Many thanks :X
Look here
That post 17 days ago proved much closer than much of what was being presented here on Steem by many others since. Good stuff.
As a matter of fact the very first time I tried to warn people of what is in the making on one of the most popular perma bull's blog here, on steemit, 25 days ago.
@srezz the fact that the fall is so sharp does it mean that there is a possiblility for a faster recovery?
Cause for Eth for example it seems that the 880ish support is already broken.
I don't think so. Because it is rather a reaction on the sharp growth. If we use history as a guide it took long 10 months of flat market in 2015 before beginning to recover from the previous drop of the similar magnitude.
There hasn’t even been anything close to a decent bounce yet. Would you be expecting one around that 0.618 fib?
yes
Thanks!! Now that we touched 7.6k, do you think there will be any chance to dip that low again or lower? Or we will stay around 9k level for a while before shooting up? Many thanks :X
Click here.
And here is even more interesting.
Thanks, really interesting. I hope this is just a temporary thing as always :D