I think this is the best time to buy aggressively. The price has been corrected to the Fib-0.618 and is on the multiple strong support levels.
Do you prefer to trust social networks and follow rumors or take a look at the chart and get help from collective intelligence?
Someone who claims to be our friend one day calls Bitcoin "my safe word" and questions its decentralization the next.
Does he tell us in advance what he has in mind or he prefers to take the initiative?
I think his words and deeds are contradictory.
Let's go back to the chart:
A falling-wedge pattern is forming on the price chart. The formation of this pattern exactly after an uptrend indicates the continuation of the trend.
The strong support level (composed of sma-200, ema-200, Fibonacci 0.618 and lower trend line of falling wedge pattern) is just below the price chart.
Take a look at the CCI(Commodity Channel Index), which is at the same time at its support level.
I can wait for more signs, but this time I prefer to buy aggressively 'in the dip'.
Note that bearish bias will increase if the price falls below this support area.
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This is not a financial advice, it's just my perception of the market situation.
I wish you good luck.
Do you prefer to trust social networks and follow rumors or take a look at the chart and get help from collective intelligence?
Someone who claims to be our friend one day calls Bitcoin "my safe word" and questions its decentralization the next.
Does he tell us in advance what he has in mind or he prefers to take the initiative?
I think his words and deeds are contradictory.
Let's go back to the chart:
A falling-wedge pattern is forming on the price chart. The formation of this pattern exactly after an uptrend indicates the continuation of the trend.
The strong support level (composed of sma-200, ema-200, Fibonacci 0.618 and lower trend line of falling wedge pattern) is just below the price chart.
Take a look at the CCI(Commodity Channel Index), which is at the same time at its support level.
I can wait for more signs, but this time I prefer to buy aggressively 'in the dip'.
Note that bearish bias will increase if the price falls below this support area.
======================================================================================
This is not a financial advice, it's just my perception of the market situation.
I wish you good luck.
Trade closed manually