Clear buy zone based on previous support and resistance levels. TA shows the area of 6k-5.4k as a good area to be a bottom. Will continue to add small on the way down. Will load up in that range based on price action.
From what you can clearly see here is we've flipped into a bearish market in the matter of a few days. Now, normally I would say "HODL, it's BTC! Price will rise no problem in a few weeks." This time I feel we're going to be in for some more choppy waters.
Hypo 1:
We see more selling towards a big level at 2120. We break that and shit hits fan. Big psychological...
Here's where we're at.
We've been seeing a continual downward trend ever since the bullish run we had a few weeks ago. For the past 7 days we've been seeing the longs getting shaken out and some pretty strong selling. Past 48 hrs the decline has sharpened. But what is confusing about all of this is the real solid fundamentals of the coin. STRAT, from what I can...
Overall, the chart is very choppy and difficult to find solid levels of support/resistance. However, I feel the strength of the EUR to USD will be stronger in the coming weeks/months. With the current state of US job growth, debt ceiling, budget, etc I feel the EUR will see continual positive growth against the USD. This idea is based on the current and future...
