lowest point bitcoin can possibly drop now
I spent some time ana;yzing charts
I came to 50500 to 51100 buy zone
if it goes further another entry is 49300 with SL 47300
you can put limit orders or if you watch price action live which I suggest then it should bounce back from these levels
if you put big leverage I advice after each bounce put SL at entry
this how I would do entry 50500 if bounce back at least 500 put SL at entry
if continue go down another entry is 49300 again wait for bounce back and put SL at entry this is of course optional if you ready to see red for some time you can simply put SL at around 47500
also it dpends from price action if we come slowly to ner these levels say to 52K area and start consolidating or especially for example 51500 it can wick down very quickly and we may not have a bounce. In that case you have bigger risk to hit SL and wouldnt have option to put SL at entry
if your tolerance for risk is not very sensitive this how you can play it
decide total position size you want put in this trade say its 10000USD margin or spot doesnt matter
put limit order 4000usd at 51100
3000 usd at 50600
3000 usd at 49300
SL for all trades 47500
it should bounce back from some of these levels
lets see
there is good chnace for 49300 because many times every dip is lower but it could be very similar with last one same like janury at 30K area it was hitting 30K area I think 3 times and after final hit we had massive blast off. Lets see
I came to 50500 to 51100 buy zone
if it goes further another entry is 49300 with SL 47300
you can put limit orders or if you watch price action live which I suggest then it should bounce back from these levels
if you put big leverage I advice after each bounce put SL at entry
this how I would do entry 50500 if bounce back at least 500 put SL at entry
if continue go down another entry is 49300 again wait for bounce back and put SL at entry this is of course optional if you ready to see red for some time you can simply put SL at around 47500
also it dpends from price action if we come slowly to ner these levels say to 52K area and start consolidating or especially for example 51500 it can wick down very quickly and we may not have a bounce. In that case you have bigger risk to hit SL and wouldnt have option to put SL at entry
if your tolerance for risk is not very sensitive this how you can play it
decide total position size you want put in this trade say its 10000USD margin or spot doesnt matter
put limit order 4000usd at 51100
3000 usd at 50600
3000 usd at 49300
SL for all trades 47500
it should bounce back from some of these levels
lets see
there is good chnace for 49300 because many times every dip is lower but it could be very similar with last one same like janury at 30K area it was hitting 30K area I think 3 times and after final hit we had massive blast off. Lets see
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