I'm leaning the bullish count, waiting for it pulls back to add to the long position around 20K and target 30K areas. On the other hand, I will risk off if it dives fast below 19k500
So far Bitcoin dump right on the Fibo retracement 38.2%. On 8/7, BTC rejected right on that specific Fibo and heading downward. Will history repeat itself?
Recently BTC has made a LH LLHH pattern, which suggest trend reversal. So I'm looking to buy at the HL that should be formed around my Area of interest. Dip retracement below 40K put me on alert and bring back my bearish sentiment until it reaches 30K. I'm aware that the bull might try to push to 46k 50k region from here , but retest 41K is more probable IMO.
Im expecting some relief moves up to 57k areas. Retest the low may be not necessary but be aware of that.
Elon once again has saved the market. Doge rocketed after his tweet and this lifts up the market sentiment. Since Doge is the first mover, market buy this meme coin is not a bad idea with SL about 20% from entry. Hopefully it will hit $1 in the first couple months next year.