Bitcoin - Continuous fall - What to do?

The bitcoin continues to fall, following the downward trend in the short period. The buying power is low and we still have space to fall more based on the daily RSI indicator.

The correct thing is to wait for a bullish signal to start buying, this signal will begin to appear when the price begins to break the purple lines, while this does not happen, the trend remains low and any buy is very risky.

If you want to buy before the breaks of the purple lines, I suggest these buy zones, always with short stoploss. Try sell before resistence lines or when break a uptrend line (this line will begin soon).

Plan a strategy to prevent emotional action.
At this moment the more patients are earning more.

評論:

Detected resistance on 12100 level. But we have a strong support on 10650 level, is the 0.618 level from daily fibonacci.

評論:

We are still far from a bullish signal, remember the resistance at 12,100.

評論:

Bitcoin broke the upline well in the 50% fibonacci, which leads us to believe that it was a correction.

Bitcoin should now drop to the support.

We have the possibility of a double botton and the price will come back up or the price go to the zone of purchase 2.

評論:

We can have a double touch on the bottom (see previous image) or buy zone 2. Suggestion to final "stop loss": 7400.
If you want buy with more protection, wait price break the two purple lines in the top.

評論:

Lost on bitcoin? Don't worry. We are still in a downward trend.
If break to up, make fast targets bellow 11,000.

交易結束：目標達成:

Buy zone reached. To be continued in a new chart...