Because I see a big formation forming.
And if this pattern plays out we will fall for a while and you will be able to get your BTC much cheaper.
But even if the pattern doesn't play out it would not be a good idea to buy right now (at least if you want the percentages to be on your side), because we are about to hit a major resistance (with a high percentage that we will get rejected).
But what if the pattern doesn't play out and BTC goes to the moon?
Let me introduce to the feeling of FOMO.
I know it hurts.
Ok in all seriousness if the pattern doesn't play out I will wait for conformation and a retracement in order to get some more BTC .
The H&S pattern worked out as expected, we bounced of the cloud. Everything I stated in this post still holds true. Therefore I expect the price to fall even further.
Potential wave pattern can be follow from this chart
BTC in recovery mode, let see how far this will last. It has some nice pattern.
The long time idea of BTC