Interesting...the old top is the new bottom. I'm not entering this trade yet, but I may be soon.
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Can't tell if it's a fake leg or a true breakout. I'm going to need convincing before I enter this trade. If it doesn't hit about 12500 in the next couple days I'm going to hold off and try to catch another dip in the 9000s. If it goes full on bull then I'll hop on the train on the bottom of one of the cups.
BUT...long term target is 48000 I believe.
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Still not convinced yet that now is a good entry, even at 12400.
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rhb_3000
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Please update chart.. new lows lately
mychartslie
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@rhb_3000, I'm not going to make another chart for now, it looks like it's just a waiting game. I don't give advice, but if I see the price go into the low 8000s or high 7000s I'm buying and holding. it looks like that could be the floor, but I could be wrong. Good luck.
mychartslie
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@mychartslie, I'm personally setting buy orders in that range, and if I scoop some up there I'll be happy.