Bitcoin - When To Buy And Grab 10% Or So From The Bull Trap

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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Set your buy orders at a little over $9,000.. as once it breaks this, it will likely run to $10k or $12k. Then all the bag holders who bought in at the $10.5k "bottom" we had on the way down will be looking to make their exit, causing a sell-off, and another dump probably back down to $8k, maybe $7k'ish.
Nice call!
Why would you wait to buy on breakout when you have a respected support line and a clean entry at $8500?
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