Everyone is calling Bitcoin so low. I'm hearing 8000 - 8300. Maybe that's practical TA for a non bull-donkey market. I just have a gut feeling we are not done this phase of slow and steady growth so I wanted to go on record and call a potential buy zone 9200-9400. That would basically complete the Bart Simpson head and continue upward past 10k , same as the pattern 6 days ago. Not sure why everybody thinks this dip will be so huge. Granted we are at the top of a downtrend on the 4 hour MACD, but I don't think this rally is over, just making a correction. Trade with caution, let's hit that low! Of course please do not take this as financial advice, just sharing my potential donkey target predictions with you. Maybe we WILL dip to 8k, who knows? Please give a like if you found this useful or possibly entertaining. Please comment your thoughts and/or objections below! Happy trading!
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I think we might already be reversing on the top of the spliff!! I'm in half-way
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AAaaaand already sold... sorry about that, been accused of trying to catch falling knives :o
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The strength and the RSI divergence still look really bad on the 4 hour chart. I think i'll adjust my buy target to the bottom of the spliff around 9000. Either way will wait for a confirmed uptrend before going long!
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Looks like the 9300 may act as a support now. I'm back in, after noticing a small bullish divergence on the BTC 15 min chart, as this usually indicates a SMALL uptick. Actually bought LTC @ about 164 because there are rumors of big news coming out and I feel it's currently the most undervalued of the 3 majors. I will continue long from this position as long as the 9300 support isn't dramatically crushed. I am catching a falling knife again, but that's sorta my thing. I'm good at finding the bottom, not so much with the top, haha. At the bottom of the 15 RSI with bullish divergence is usually good enough for me. Following me now is still very risky and I, again, advise waiting for the uptrend to be confirmed before buying. I cast the spell RISE CHICKEN!!!
