When $BTC hits bottom you should get in, it hasn't hit bottom yet so don't bother.
Me, you and everyone will know when the time is right. be patience, since patience is the key here.
Don't stone me for this please.
This is a fractal I've been watching since 12k (It's posted in my medium article)
Curious if we get another one of these or if 3 dips is enough.
$BTC Update
I) 6k low met with very high volume
II) 7.9k level acting as resistance
III) Price closed lower than yesterday & no consecutive bullish candles with momentum
IV) RSI crossed above 30 but still downtrend
V) Neutral - strong low but bullish conditions not satisfied
Thoughts on btc:
1) We'll find a bottom soonish: ~$6k is a good candidate
2) Sharp bounce then consolidation and grind up to test $10k-$12k over the next few weeks.
3) If it can't break $10-12k then we'll have an extended bear market and open up really low targets like $3k.
$BTC daily update:
It always amazes me how well TA works.
I) Daily didn't manage to close above previous swing low #calledit
II) Now heading down to either:
1) Form a higher low
2) Continue it's way down
Watching the 0.618 retracement on the 4hr very closely, will update.