The first a down trend line is broken. We are getting a massive consolidation around 10k. Within this consolidation we will break a second down trend line.
I guess this is the best time to buy btc around 10k.
Nice chart. I think lots of people assumed based on hope, that BTC was simply into recovery. This is in the face of hard evidence on the daily that there is a massive bear trend, resembling a 'Tulip pattern'. I'm not saying that BTC will not move further north. What I am saying, is that a bull run for a few days on this sort of chart doesn't mean that the daily trend has broken north. Your chart shows this very well.
At this time, the greater probability is for the south based on the visible daily trend (which is still for the south).
mercatus_im
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@Captain_Walker, Thanks a lot. The main idea is to collect position around 10k. For now nothing special happens. We are just breaking the main bear trend when it will be broken we will get true FOMO. For now I still guess to collect position around 10k.
Captain_Walker
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@mercatus_im,
As you may have seen in the last hour (from 14:12 GMT 2018-02-21) that there has been a significant dump. This is likely to cause some demoralisation of the bulls, who may well be converted to bears. We could see a massive cascade down (not that I predict it - I don't predict nutn. LOL.) goo.gl/o7tMKi
At this time, the greater probability is for the south based on the visible daily trend (which is still for the south).