BTC 24 hr. March 7th - Under 10,000 Again. What Next?

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
BTC broke down through key support level 10,000 and appears to be going quite a lot lower before this correction concludes. I expect we will now again test the low set Feb. 5th of 5873.00. It is also possible we could set a new low in the 47-4900 range, If so, wherever we bottom at this time if we do move near 5873 I expect from that point we will see a multi-month rise setting new highs. Key indicators MACD and RSI both are negative also confirming the new correction believed entered today as are the two long red bars we are seeing on the daily chart . Don't be tricked when we first bounce that will simply be the B wave of this ABC move down.

I look for this to be almost certainly the last good entry point before we see serious gains this year if we move as low as I expect below or at least to 5873 +/- range. I will be buying starting at the 6,000 level if we do indeed move that low and adding as we move lower filling up on any I can buy under 5000 - which would be a great level to reach on this down turn to gobble up some BTC and my favorite alts.

Good Luck and do something nice for someone today!!! It comes back to you many times always - at least I have found this to be true.

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