Bitcoin Bargain Basement Prices - Will she bounce here?
Price is currently at 1.618 and 0.86 fib cluster, RSI and stochs are showing well oversold, price also close to last major support at $3200 or so. If your risk appetite is on, I reckon $3200 is a good buy and a possible scale in now. Stops would need a little room. See how this plays out.
But remember, we're looking for a reversal signal, bullish candle pattern etc, to accompany all the above. Do not try to catch the falling knife... unless you're a ninja. ;-)
PS: preserve your capital. There will be opportunities ahead.
But remember, we're looking for a reversal signal, bullish candle pattern etc, to accompany all the above. Do not try to catch the falling knife... unless you're a ninja. ;-)
PS: preserve your capital. There will be opportunities ahead.
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