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Bitcoin Falling Until Fib Says to Bounce

COINBASE:BTCUSD   比特幣 / 美元
Bounce going to be retesting fibonacci levels. Pay attention to FIB! Bounce will happen, but you NEED confirmation. Don't fool yourself on small bounces and zoom out of the bigger picture. Media at the time of this post, has yet to flood the news to people. There are many investors that do not check their crypto on the daily. This is a prime example why you should.

I prefer to use the average weighted cost method of buying due to the high volatility of these markets. Never attempt to put all your eggs in one basket at a time, that is asking to get burned. Most of the time you will see a better buy opportunity that the first time you buy. Calling the bottoms are very tough.

Trust the fibonacci lines where the breakouts can occur, and keep calm.

If price breaks the channel with volume against its previous resistance, I will update for further thoughts.

You can see the MACD indicator still showing much more room to fall, as there has been no movement of any upwards direction. Watch your large timeframe indicators for more accurate positions. Don't be fooled!

Happy Trading As Always!
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