This idea will show the next long term entry point. I does not seem like the downtrend is finished, BTC is not showing enough strength on the up.
IF the 8300 support level breaks, I'm looking to enter in at 7400 when the panic is on.
stops are shown on the idea.
Please keep in mind you need to follow this idea closely and the updates. New information comes by the minute and price structures reveal themselves. I employ strong money management, you have to lock in your profits and cut your losses.
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Hey guys after further analysis I decided to revise this idea. Please see "So You Want to Know How to Catch a Falling Knife"