Bitcoin has been in a steady uptrend and providing us with clear impulse and correction. Naturally after an ascending correction, we expect a reversal (short term or long term depending on the market structure). As we have had an ascending correction, we are waiting for price to create a base where there's clear buying pressure.
The ideal place to look for buys would be the 42K and the 50K as they both hold alot of weight due to historic price action.
so you're saying if we break down through 56k, wait for 53k or so, then if we break down from there wait for 42k? and if we bounce at 56k, then we are probs hitting the ATH? because I just sold 2/3rds of my cryptos recently because the rounding top worries me, but I can happily buy back
henrypike0509
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Hope it won't dip to 42k but history may repeat itself in May 2013 & 2017 so a 25% dip from 58k -> 42k is sensible. Ready to buy in.