~snip~
I still sitting in fiat and have downstare to buy at 7500-6000 levels, now we have flat and if we don't grow in few days, death cross can happen. Does anybody remember how it was with bitcoin when death cross happened last time? Maybe in year
2014 it was last time?
Was it 2014 or 2015? However, a lot has changed since then. Absolutely, no one can predict anything as things can change within a split of a second, so we might as well just wait to see how events unfold, but always better to stay optimistic and blend with the flow. If we do not, news like this will send people into panic even if the MAs are just brushing each other and not crossing. Just my thoughts!
Also, I wonder what you were waiting for to buy when we touched the local support and bounced from $7400 with the bullish divergence that was displayed on the MACD on 4hr period. I hope you do not turn out to be those who wait for a particular level and end up not getting it. No one can see the future though and I understand you may be playing safe which is good, but personally, I always prefer sticking to what the chart gives me at any point in time, rather than assuming what the future holds. So, I guess we will just have to keep our arms crossed till then.
I entered and quit to the market many times and always I enter if following conditions are met:
1. I enter on bear market on the lowest price I can predict. For this moment it is 6000 like we had in Feb'6 (double bottom is very possible).
2. I enter once I have confirmation that trend is changed to bullish.
Both conditions still are false.
For second one, confirmation would be breaking 10500 level, but partiallly I'm ready to enter once we break 9300 resistance. Now we can see flat and we can go both way depending on following news background.
And yes, we can fall like in 2014 whole year, no reason to exclude this scenario as well.
