I'm a long term bull, but I want to "buy the dip" for my investment project. I read the TA, not because I think it can be used directly to trade, but because I think the whales use it to manipulate the market. All the good buying slots seem to arrive when I am asleep, so I thought I would try submitting a market maker offer to try to take advantage of a drop.
I Am also not an expert in technical analysis, but I want to Express my opinion on this matter. Today we have once again seen how the price of bitcoin for the third time could not overcome the level of support of 4200 dollars.
In the market of altcoins there is euphoria and coins grow by 20-30 % every day giving hope to the last hamsters in this market.
I think in the near future after such a rebound we will see an even deeper decline and the fact that bitcoin cash, Ethereum, neo and ripple scored these days will merge into the pit.
I think the price of bitcoin should reach at least 3000 - 2500 dollars, so I'm also waiting for this time.