Smart buyers and traders do not stay away from the market or afraid, any smart trader who has studied the market should be fully conversant with corrections, and rather that getting scarred and shying away, they see it as an obligation, or would I say opportunity to add more of the coins to the wallet, in order to take more profit.
So traders should even be the one that this type of fluctuation will favor more, because they always get the opportunity to buy low, and then wait for the price to surge again to sell high which is how majority of people like me has been making our money on special occasions like this.
My trade setups for today
BTC/USD14 Day RSI at 80% $11,321
14 Day RSI at 70% $9,190
Pivot Point 2nd Resistance $8,436
Pivot Point 1st Resistance $8,232
Biggest resistance 7 days $8,125
Take profit $8,081
Pivot Point 1st Support $7,677
Buy more $7,537
14 Day RSI at 50% $7,491
Biggest support 7 days $7,454
Pivot Point 2nd Support $7,327
Buy signal: When the first buy signal comes, buy only if you have sold earlier with a higher price and can make a profit. Otherwise let the price go down, wait until the "Change one hour" turns to positive, and the price has hit a buy wall.
Sell signal: When the first sell signal comes, sell only if you have bought earlier with a lower price and can make a profit. Otherwise let the price go up, wait until the "Change one hour" turns to negative, and the price has hit a sell wall.