You are viewing a single comment's thread from:
RE: Bitcoin (BTC/USD) Elliott Wave Analysis - Uptrend Continuation or a Lower Low? (Target 3000$)
Nice one mate. Im long from 6k actually, if we break 6k support, the scenario that you mention is very likely.. I'll exit if it breaks the support and wait for the next 4.5k support to long again.
That exact reason is in my mind what is going to push the price down fast after the 6k level is broken. Panic selling will occur as many traders and investors are thinking similar to you.