bwymore

BTC/USD 4H chart (Is the correction over?)

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
I've seen a lot of back and forth on this and I'm not a professional trader so take this how you will, but I'm not so confident the correction is over. As of now I'm waiting for around the 8500 range to buy back in. It may go lower and test 7800-8200 or even lower depending on what the market decides, but that is my personal plan. If this current bounce back continues up above 13-13.5k range I'll start looking for a pullback to buy back in if it turns out that I was wrong. At a minimum I wouldn't be surprised if we saw a double bottom in the near future.

I've browsed around some other ideas and several are thinking similar thoughts as me, and other say it is over. Use your own judgement, but at the end of the day we are looking at half price BTC currently, so if you believe long term we are going up, just enter whenever feels comfortable to you. Either way it is better than buying in at 19k.
Comment: Looks like we may be getting wave 5 afterall.
Comment: Heading down. MACD has crossed on the 1 week chart also now. If we don't get this bounce around 8-8500 like I'm hoping the end is, we may be getting some super cheap prices in the next few weeks - month

Comments

Hahaha, man, I sketched the same thing earlier today, I hope we're right.
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