So we are at the point where we need to pay attention, our buy orders should be all set at around $7K and $4700. Sometimes exchanges generate wicked long spikes that can reach down to very low areas in a few minutes before they start their move up, so set them up and leave them be. You can also set up orders on high performing top 10 alts. Do not buy coins that are not well known, you will lose your money that way.
To keep it short and sweet all we have to do now is keep an eye on that area of interest. Do not FOMO if we move up, we only buy once we have confirmation that we are going up. If you are 100% on USD or USDT you can buy a little (10% to 15%) once we hit the 50MA again on the 1D. Read the chart carefully it has a lot of info.
What's considered confirmation is this scenario?
If we exit the with a decisive candle, or if we close 3 small candles above the . Not to worry I will put an entry point if this scenario comes to fruition.
NOW, THE LEGEND;
Support are green
Resistance are Red
Horizontal support lines are white, the thicker the stronger the support
50 Moving Average is yellow
200 Moving Average is white
THE TREND: Going Down, we have not made a new higher high
THE OUTLOOK: Expected to go down, unexpected if it goes up.