Comment: Im pretty sure we will bounce the first time from the 200Day Moving average, afterwards, in the history of BTC we broke twice the 200 , 2013 and 2015.
IF the 200 MA brakes i will add ALOT of ALtcoins during 2000-4000 BTC range.
What i mean is if you set up a investment of 10.000$
Buy 20% at BTC 6500 Range
Buy 20% at BTC 4500 Range
Buy 20% at BTC 3500 Range
Buy 20% at BTC 2500 Range
Buy 20% at BTC 2000 Range
SO, why we do that=? Because no1, no1 can tell where and when the bottom will be reached. thats why we scalpe our buys.
Comment: Bitcoin barely touched 9600$, very very low buying .
for now, im completely out of Cryptocurrencies, as it seems the real fall begins now.
2 minutes ago
Trade active: Positioning my first buy order at round 5800$, note: i will sell as soon as btc over 8000$. (THE IS BOILING, IT desperatly wants to POP UP)
BTC will still go lower, it needs to double test the bottom before we got really confirmation of the BOTTOM, this will take TIme (up to 2 months)
The , The is the key factor to watch. we still need a bottoming volume! around 3000-5000$ is a good accumulation range.
1 minute ago
Comment: why i choose 5800? simple, the 200 days lies below.
can bounce up to 50% up from there.
Also NOTE, in 2013 correction we went down 40-50% down from the 200 , MA 200!
thats how i come up with 3k-5k
Note2: -20% fib 0.236 is a perfect buy range, 2,5k to 3,5k