Are you ready to buy the dip?
Bitcoin has been looking like it's heading for $50k or lower for several days now, and today it looks like it's serious about it.
It just dropped $2k in minutes:
(Source: https://bittrex.com/Market/Index?MarketName=USD-BTC)
We are likely getting close to the lows of this consolidation, are you ready to buy the dip?
I am personally looking for about $50k or lower before I put new money to work, but it may not even get that low, we shall see.
I always enjoy the fall as it gives me an opportunity to buy on dip. For now it seems that btc/usd is respecting the trend line. I will expect more fall if it closes below $51,500 and would see $48k as the next support. And if the fall continues even further my next target will be $42k.
In any cases i will still be bullish overall for a target of $72k on bounce back.
Attaching my chart setup do let me know what you think about it @jondoe.
#bitcoin #btc #crypto
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