I would like to share with you my analysis on BTC/USD.
From the chart, we could see that we are finally getting a correction after the massive rally that happened from weeks ago..
Right now, we have reached the 200 moving average level, however, it seems that bitcoin will go down further to the 61.8 fib level then it will go up again.
However, using a portion of your capital now to buy some bitcoin is also a good idea, and scalp it as the price continues to go down.
Stop loss would be if it goes below 6000 level.
From the chart, we could see that we are finally getting a correction after the massive rally that happened from weeks ago..
Right now, we have reached the 200 moving average level, however, it seems that bitcoin will go down further to the 61.8 fib level then it will go up again.
However, using a portion of your capital now to buy some bitcoin is also a good idea, and scalp it as the price continues to go down.
Stop loss would be if it goes below 6000 level.