BTC and BCH, LTC, etc. have not bottomed yet. All of the major top 5 coins have not even broken through the lower end of the bollinger band on a WEEKLY basis. In order to get a clear understanding of this move downward to the low, we must analyze this on a weekly chert, not a daily chart. Many people on trading view and youtube have been claiming the bottom is in, but its not. Pull up a weekly chart of BTC and then add a bollinger band. You will notice we never pierced the bottom of the band. There will be a better time to buy in the future. I hope this was helpful. Clarity is in the WEEKLY charts. Daily charts have too much noise and are misleading.
TAO7
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@stockwiz78, I apreciate, but boolinger bands is not the unique indicator that can be used.
In bullish markets it is common to bounce on the BB midlane or slightly below, no real need to pierce the lower line!
Anyhow caution is advised, the best thing to do is dollar cost averaging, as always
brazook_
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Interesting, but what about the volume? It is next to nothing. Thank you!
Adrnalnrsh
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@norberto94, give it some time perhaps? Could go sideways until volume increases
astrologychick
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Nice! I expected a turnaround in the first week or two of April and it's happening. Yay!