BTC mama took a vacation and went for Bungee Jump. BTC hit the support around 7500 and trying to recover now. I just want you to look at the Slow Stochastic indicator on the daily chart. It is oversold. If you pay attention to the two green boxes, the second one might end up forming a similar pattern like the first one. The box on the left corresponds to the drop at 6000 on 6th February 2018 where the %K and %D value were 13 and 15 respectively. Today the values are 8 and 15 respectively. It looks like we are nearing the bottom. Of course, we could go down to 6K, you never know. I think it's a good idea to start buying at the support levels using a portion of the portfolio and increase the position if it starts showing more promise. So, maybe BTC mama is done with the bungee jump or not? Wake up bulls. Leave your bed. Show up in the market. LOL. Trade safe!
P.S. This is not a financial advice.