I do believe that all this small Bitcoin price crash will be bought up and now we see a correction wave A.
Yes, I can be wrong, but there is a 70 percent chance that we will still climb up.
There are two scenarios:
People do not want to realize that after massive Bitcoin bull run always comes a correction.
Spoiler: we may retrace to 6700-6500 and all still will be ok.
Ok for those who want to read more I can say that weekly situation is bullish. Yes we got a rejection from weekly Ichimoku cloud but we have so many support areas that it is hard to say: we will fall and retest 3k or even 1k. It is nonsense to say about such a Bitcoin price movement.
Will we get a chance to buy cheaper Bitcoin?
Bitcoin right now is in a strong bull run. There is a time to a correction. Passing 8500 will lead us to 7900. 7900 will be the mark, where we all should buy in Bitcoin, as this is has massive potential for a short term reversal and bouncing off. Ther ewe can put a perfect Stop Loss with a massive TP. Will market gives us a chance to buy cheaper Bitcoin, have no idea.
It is an update of the previous Bitcoin trading idea.
I would appreciate if you like and do some commenting. I just made a video about the possible movement for Bitcoin at the end of April. You can find all info just via my Trading view profile and follow my twitter.
There is a high possibility that we will see a correction before we can go up. We need a strong impulse up, and as now I see, that there is no such a buyer who will do it. So, either market maker makes a big impulsive move up, or we are going for a correction. Depends on the correction structure we can predict further Bitcoin move. Right now I do not suggest catch Bitcoin corrective move as it can be a bad idea, but you should have some Stop limit orders if we breach 7200 with strength. During the weekend I was entering and leaving the market many times but right now is the time when you should just relax and watch what market will do.
There are many ideas about where and how deep BTC will fall, but right now it is not a time to dream about Bitcoin of 1800 or 900 dollars per unit.
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