I believe we are now at the end of this 13 days cycle, just waiting for another "perfect" number as end of the line; a couple of hours ago I thought $9333 was that number, since it ended a 4h candle but the market had a little bit of a different opinion so will see what the actual level will be.
As always, please do your own due diligence, this is not trading / investing advise, just some thoughts about what is going on in this amazing realm of crypto-currencies. Good luck and thank you for looking at my ideas.
"kids don`t try this at home" kind of super-warning: finding the bottom is beyond extremely super risky business, I could say is outright gambling. So, trading / initiating / closing positions at bottoms and or tops is from TA perspective mission impossible. However, if anyone looks for holding / investing, those dips are like gold mines, as long as you are confident the underlying market / asset is going up; and I mean long to very long term like months even years.
The key in all those investments is money management: always use money you will never regret losing and out of this money, only use 5% to 10% max to initiate such a long position. If it pays out, in the long term you gain a lot. If things go south, 5% out of something you won`t regret anyway ... is just like enjoying a coffee :)
"Encouraging governments, European industry and citizens to benefit from blockchain opportunities" they say:
Seems $8455 was not perfect enough for BTC so it decided to go into the second buy / demand area starting at $7900-ish. Let`s see where will it find the end of the line
I will close this idea, since I do believe this was the end of the down movement and the market reset itself.
Good luck all and thanks for looking at my ideas.