BItcoin dropped...what now?
Updated
Ok so lets start off by saying this is my first idea I publish so I would advise you NOT to act on it as I am not an expert...Infact Ive probably lost more money trading than what Ive made.
I think yesterday it was pretty clear as what was going to happen but what now? We've dropped to 6350 at the time of publishing this article. I see 6450 - 6250 as a no trade zone as im not sure whats going to happen. Even though I say that, Im currently 100% invested in BTC after selling 100% yesterday at 6700 and buying the exact same amount of BTC I had before at 6420. I cashed out the profit.
I expect BTC in the medium term to bounce around between 5850 and 6800. Personally I dont think we will go much lower than 5800. When we break 6800 Ill be 100% hoping the next stop will be somewhere close to 8000.
If we fall under 6250 I will consider selling and re-buying at 5850.
All and all I think things can only get better after hitting 5850 but I cant see a ATH by the end of this year as many people predicts. I will be happy if we reach 15000.
I think yesterday it was pretty clear as what was going to happen but what now? We've dropped to 6350 at the time of publishing this article. I see 6450 - 6250 as a no trade zone as im not sure whats going to happen. Even though I say that, Im currently 100% invested in BTC after selling 100% yesterday at 6700 and buying the exact same amount of BTC I had before at 6420. I cashed out the profit.
I expect BTC in the medium term to bounce around between 5850 and 6800. Personally I dont think we will go much lower than 5800. When we break 6800 Ill be 100% hoping the next stop will be somewhere close to 8000.
If we fall under 6250 I will consider selling and re-buying at 5850.
All and all I think things can only get better after hitting 5850 but I cant see a ATH by the end of this year as many people predicts. I will be happy if we reach 15000.
Note
Ok so we've dropped below the 6250 so Im guessing next stop is around 5850. Im taking a chance and selling hoping to buy in later.
Note
We dropped a little sooner than expected but still following my idea. I managed to sell at 6230 (My phone battery was flat and got notified to late) We are now at 6179 even though the difference on my exchange is a lot bigger.
Now sitting back waiting for 5800-5850
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