Price passed by the 2013 A.T.H. and it is still growing up as expected. Small but nice corrections are appearing while the uptrend continues, a good and a healthy signal that we are not in a bubble (at least for now). If we do a simple wave analyses we can see a triangle is forming in the way up, so it is very possible price will break soon on those wave supports. For now, the actual floor is at 1700$, and price does not seem to go really much under that point. In the other hand, 2000$ seems the next support point because it is a big psychological barrier and it will be hard to break, maybe 2100$, but it is not expected to go above there. So everything points out that this is a good and relatively secure opportunity to buy below 1700$ and take profits at 2000$.
If you are looking for long term or simply for taking a better position, a good deal will be to wait for a slightly bigger correction until price breaks down while reaching 2000-2500$ range, then wait to buy the dip. It could go down until the 1500s or so, just try to find a good signal that price stopped its way down and it starts changing the trend direction to up again.
If you are looking for long term or simply for taking a better position, a good deal will be to wait for a slightly bigger correction until price breaks down while reaching 2000-2500$ range, then wait to buy the dip. It could go down until the 1500s or so, just try to find a good signal that price stopped its way down and it starts changing the trend direction to up again.
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A couple of opportunities appeared when price tried the trend support, luckily it will be a third move trying to go sub 1700$, but it does not really seem that this is going to happen.
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2000$ Reached.