6.8k is a strong support for bitcoin, we could bounce from there to at least 7.3k and maybe even go back to 8k. However, if we break this support BTC will probably drop back to 6k again... Where it will be a good zone (blue zone on the chart) to start buying again (look at my previous analysis ''Buy Time Or What ?'' in the related ideas section below).
I'll buy a big bag around 6k (I'll probably start buying at 6.8k) and will be all in a bit under 5k. If this scenario happen, I expect a big bounce form 4.5-5k all the way up to 7.5k or around the 200 moving average at least.
Remember guys, the more bitcoin fall, the more you buy. And then you start selling when you're at profit.
Stay tuned for more updates,
Fred
I'll buy a big bag around 6k (I'll probably start buying at 6.8k) and will be all in a bit under 5k. If this scenario happen, I expect a big bounce form 4.5-5k all the way up to 7.5k or around the 200 moving average at least.
Remember guys, the more bitcoin fall, the more you buy. And then you start selling when you're at profit.
Stay tuned for more updates,
Fred
