Analyzing Bitcoin AB=CD patterns they see to appear quiet often.
Dropping from 13.2 K to 9K we had a correction of 50%.
Now the scenarios that are more likely to occur.
Dropping below B point ( 9000 ), will likely push us into a panic mode which may drop us as low as low 7000 where is a potentially good buying opportunity.
If we fail to get that low and market swings back up from mid 8000 and go above 11.2K , we are likely to continue Bull trend hitting new Yearly highs...
Market will dictate the price. Don't jump ahead of price.
Buy at a good price or don't buy at all.
Dropping from 13.2 K to 9K we had a correction of 50%.
Now the scenarios that are more likely to occur.
Dropping below B point ( 9000 ), will likely push us into a panic mode which may drop us as low as low 7000 where is a potentially good buying opportunity.
If we fail to get that low and market swings back up from mid 8000 and go above 11.2K , we are likely to continue Bull trend hitting new Yearly highs...
Market will dictate the price. Don't jump ahead of price.
Buy at a good price or don't buy at all.