Bitcoin Is Up For Grabs? Should I Buy Or Quit And Sell All?

via alanmastersTOP

So many people trying to predict what will happen next with Bitcoin 3.84% . Where to next Bitcoin?
But it seems to be getting harder by the day to know when this correction will be over with.When the final bounce will happen?
When our new opportunities to make money will come?Listen, do not worry about it, Bitcoin 3.84% is now open for long term purchase, long term positions, the new opportunity is already happening.Bitcoin 3.84% is now the opportunity that we all need and want.Let’s look into the King of Cryptocurrency, Bitcoin 3.84% , and see what it holds for us in store.
*** Trading & Buying Bitcoin 3.84% for the future that is to come
In my last Bitcoin 3.84% trade idea, where I followed Bitcoin’s price, there was one very clear recommendation. Buy within the “buy-zone”, back then this buy-zone was in the $8,000 – $10,000 range, but, if the price goes lower… what do do next?
We are now in this second situation, where the support was broken, Bitcoin 3.84% is looking for a new low. So it is time to buy all the big dips; buyBitcoin 3.84% when it is low.
“The picture is clear, we just need to wait and buy once we hit our buy zone. If it goes lower, then buy more”. – Alan Masters
So the price has gone lower, let’s look at our new “buy more” zone.
*** Bitcoin 3.84% 1 Day Chart Analysis
Let’s start by looking at the 1 Day chart, shall we? From there I will share my views based on many different time frames and indicators, but the daily chartwill be our main focus for short term signals and we develop to longer time frames:
– All my favorite indicators are giving very strong bearish signals. They tell us that Bitcoin 3.84% is going down hard, it is obvious, we can see it. So what more can we learn from these indicators other than the obvious?
– The MACD is really down on the bearish side, but still has some room left for more down movement, but not that much more. Bitcoin 3.84% is trending negative, it is going down strong but the “plenty of room” to go down as we saw once we were looking from the top, it isn’t looking that good for bears anymore. Sellers have been selling like it is the end of the world, but remember that this correction is not going to last forever, it is really good that we are going this low. Once we reach a bottom, there is only one way left to go and that way is UP!
– What I believe is that more money needs to be extracted from all the beginners that entered the market before we can move on, plus all the media and manipulation coming from the conventional markets is strong, they don’t like Bitcoin 3.84% as Bitcoin 3.84% represents a new financial system that cannot be controlled by the few.
– These new speculators are being squeezed to the maximum. The winners will be the ones buying now, reloading now, re-buying now and then holding these positions for long. We reached the top at around $20,000, we are definitely sitting on some incredible lows. Bitcoin 3.84% will not shoot back up like a rocket, but it will find its bottom, sit on it for a while and then start the next strongest Bull Run that you have seem Bitcoin 3.84% go through before. We tend to look at past performance to predict possible future scenarios, past performance tells us that Bitcoin 3.84% will grow out of this, stronger than it has ever been.
– On the weekly chart our indicators are sitting on levels that we haven’t seen since 2015. The daily chart is now sitting comfortably near the oversold zone, if we go below 20, this can be taken as a very, very strong signal that sellers are reaching their goal. For now we are waiting for our next buying zone.
All the other indicators that I am looking at are very strong on the bearish side. I would first wait for them to stabilize, all of them, I am talking about the MACD, RSI, STOCH and DMI, buy the dip and then wait as long as it takes for my money to start to grow on its on. Pretty easy if you ask me… BUY & HOLD.
– All the indicators on the daily chart are telling me that there isn’t much room left to go down anymore. Yes Bitcoin will go lower, as it is doing now and everything is pointing there, but it isn’t showing signals of going too low. We are looking at a range for the new buy-zone, where I recommend you re-buy and reload more Bitcoins, so you can sell as much as you want when we are testing for new highs. This range is $4,500 to $5,900.
These are the levels that I am looking at to reload more positions for long.
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