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kravenrob

When to buy the dip?

Long
Bitcoin (BITFINEX:BTCUSD)  
kravenrob  
BITFINEX:BTCUSD   Bitcoin
Support and Resistance Trend Lines bottom btfd
3
0
supportandresistance trendline bottom btfd
Support at around 8.5k, that would be my guess to go long again.

If the price drops further than 8.5k, I guess that we can see it as a bearish signal, in that case, don't re-buy and wait that it drops further, e.g. till 8k or even lower.
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