BTC dip to $7-8k - How to take advantage of the crisis and profi
Updated
Hello my friends,
despite the experts predicting the rise of Bitcoin i will be more realistic: it is going down. I do not analyze news, only charts. The chart shows BTC is in a dip and there is NO SIGNAL of recover. The experts who analyzes the daily charts and draw beautiful triangles using the december-bubble as proof that BTC will rise are all wrong. In december we had a bubble cause by hyper-exposition of bitcoin in world media. The correction for this kind of bubble may take months. I do not know and nobody can predict when it will stop falling.
The good news is that from 4th January the BTC is following a tendence. And the trend is down. Look wisely at the 4 hours chart: when the RSI Stoch is down, it is time to buy. 8-12 hours later, the RSI Stoch is up, the price will be up, and you can sell. Wait more few hours and buy again in the dip. Look at the 5 and 15 minutes chart to predict the new tendence. Use MACD and volume indicators to help you.
Be patient. Your psychologic is your worst enemy. Keep calm and take the profit.
My advice for the ones who cannot get calm: sell all your BTC and re-buy it in few days for 8k.
Good luck!
despite the experts predicting the rise of Bitcoin i will be more realistic: it is going down. I do not analyze news, only charts. The chart shows BTC is in a dip and there is NO SIGNAL of recover. The experts who analyzes the daily charts and draw beautiful triangles using the december-bubble as proof that BTC will rise are all wrong. In december we had a bubble cause by hyper-exposition of bitcoin in world media. The correction for this kind of bubble may take months. I do not know and nobody can predict when it will stop falling.
The good news is that from 4th January the BTC is following a tendence. And the trend is down. Look wisely at the 4 hours chart: when the RSI Stoch is down, it is time to buy. 8-12 hours later, the RSI Stoch is up, the price will be up, and you can sell. Wait more few hours and buy again in the dip. Look at the 5 and 15 minutes chart to predict the new tendence. Use MACD and volume indicators to help you.
Be patient. Your psychologic is your worst enemy. Keep calm and take the profit.
My advice for the ones who cannot get calm: sell all your BTC and re-buy it in few days for 8k.
Good luck!
Note
New support line: aroun $10,000 - $10,200.Target for 19th january: $12,000.
If it goes over 12k, don't forget to adjust your stop loss to guarantee your profits.
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