As we see above, there are are some new patterns, btm we didn't get out of it yet.
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 double bottom 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.
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 double bottom 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.