Crypto Trading 2017, page-1631

I've been waiting for a dump. I can't remember if it was $2600 or $2800, but at those levels I'll be definitely buying in.

The thing about BTC is that it's not like a regular stock or tradeable commodity.. It's hard for BTC to lose value because there is a finite amount, cannot be duplicated and every single day people are losing bitcoin meaning there is less and less in circulation over time creating more rarity.

So seeing a sell-down below 38.1% fib will be a real hard ask IMO. If it ever does, it will be a single seller sell-down (think of the recent ETH flash crash to <$0.50 on one exchange) and it will only ever be a flash crash IMO.