Bitcoin dips are bought
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Bitcoin found support at the ascending trendline (1) again. Buying around this support can be a good strategy, with a modest target of 38200, first. If it slows down at that level, that means the head and shoulder pattern is finished on the hourly, so a return to the 36k support is expected as the next move. Or if it keeps pumping then a breakout to the up is also possible.
Bitcoin found support at the ascending trendline (1) again. Buying around this support can be a good strategy, with a modest target of 38200, first. If it slows down at that level, that means the head and shoulder pattern is finished on the hourly, so a return to the 36k support is expected as the next move. Or if it keeps pumping then a breakout to the up is also possible.
Note
Support did not hold, idea outdated. Selling rallies is the new strategy, I expect more dumps to come.
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