BitcoinUpdated Bitcoin approaching the buy zone
Hello everyone,
Seeing as bitcoin is so reluctant to go down, and the oscillators are almost at the neutral zone, the time for a correction is running out.
Here I see 2 scenarios we either go down in to the buy zone, or we bounce here and go sideways a litle longer in the range between 10k and 9k. In that case, a buying opportunity would be on the retrace from 10k to 9k.
This is a very difficult time to speculate on the price movement, since, as i've said before, the market here is saturated with both buyers and sellers. A tugging competion beetween bears and bulls.
Still though this is my best guess.
Seeing as bitcoin is so reluctant to go down, and the oscillators are almost at the neutral zone, the time for a correction is running out.
Here I see 2 scenarios we either go down in to the buy zone, or we bounce here and go sideways a litle longer in the range between 10k and 9k. In that case, a buying opportunity would be on the retrace from 10k to 9k.
This is a very difficult time to speculate on the price movement, since, as i've said before, the market here is saturated with both buyers and sellers. A tugging competion beetween bears and bulls.
Still though this is my best guess.
Note
We've reached half way to the target and found some support here.Also on the long term chart this is a significant support area...
This is very tough place to tell what will happen, for long term investors this is a good opportunity to average in. For a swing trader this is not an optimal place to buy.
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