If we cross the upper line on 13.2k-13.5k, we will probably get a bounce for new entrance and a huge amount of traders (that still are waiting for a second dump) getting in.
If we cross the lower line on 11K, we will dump back to 9k-10k zone, making a pattern, or even lower, to 8k-8.5k.
If you are in atm: - Just follow the market trand lines, don't need to panic before we cross 11k
- You can increase your position on these short-term trand lines selling on top and buying on bottom, you will get 3-5% from which wave
If you are out atm: - You can get a small pack on lower line of our short-term trend, if we dump, you just lost a 2% of it.
-You can wait for a upper cross on 13.2k trand line, market will pull back to this line again and that will be a good entry point.
P.S.: Everyone is still in panic from this correction, even long-term holders, who bought in dip wants to increase position, people who thinks that there will be another leg down are just waiting and huge walls from quick-profit investors. Everything is showing that we will have another lag down, but we are actually under a manipulated market, yes, it sucks, but if you want to get something, just be water, my friend. At this moment, just follow up for the good news about bitcoin , it might have a huge effect on market uptrend.