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BTCUSD - Entering the Buy Zone - This is an idea, a speculation on possibility. Not a projection.
Bitcoin could very well correct down further, we will need to see additional evidence for a buy.
Currently the case for a buy is 50% fib. Bitcoin has corrected 40% multiple times. It has bounced heavily off the 50 ema before.
The downside looks to be a head and shoulders and no reversal evidence has been proposed for a buy yet.
Volume is still heavily bearish , major pattern still playing out.
We are in a down trend/correction until further evidence.
Bitcoin could very well correct down further, we will need to see additional evidence for a buy.
Currently the case for a buy is 50% fib. Bitcoin has corrected 40% multiple times. It has bounced heavily off the 50 ema before.
The downside looks to be a head and shoulders and no reversal evidence has been proposed for a buy yet.
Volume is still heavily bearish , major pattern still playing out.
We are in a down trend/correction until further evidence.
ghose12
NO BUY ZONE IS BELOW 11K TO 9K ...12K ZONE IS SUPPORT IF BROKEN THEN TO 9K THEN TO MOON
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terrahigh
ghose12
@ghose12, this is what you WISH. this isnt reality.
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terrahigh
terrahigh
@terrahigh, reality is it might also go up and never go down under 12.6k
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ghose12
terrahigh
@terrahigh, IT CAN BUT IT IS DOWN TO 12200 AND CAN COME DOWN AGAIN...THATS WHY I AM SHORT...PRESENTLY BEARS STRONG..ALTS ARE TOO ATTRACTING
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terrahigh
ghose12
@ghose12, you wont want me write in caps too, you really wont!
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