Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is now in deep now what future traders need to follow?
by
TravelMug
on 28/11/2020, 00:32:08 UTC
Lol, we've just seen some shake out in the market right now, but nothing to be worry though, we are not in dangerous waters. Suggestions? just keep it calm dude, just remember that bitcoin is hovering in the $3k range around March, during the pandemic, and now we are $16k-$17k. So what more can you ask for in the market?

I'm sure everyone is looking for $20k or new all-time-high, unfortunately, we need to wait and give more time for the market to mature.
From one day or 3 day candles bitcoin corrections can be deeper. With the 30 to 37% correction, bitcoin will finish its correction in the price from 14k2 to 14k9 USDT. Fortunately, think of the correction as a healthy correction and I am sure it is a healthy one in bull run market. Bitcoin need to have a correction and another accumulation to take off higher and higher.

For today, enjoy the bounce back but the correction has not finished yet (not reach 37% level of correction and the MA lines show the correction is still a beginning).

So it seems that you have your own analysis already so you should know what to do next?

According to you, there will be corrections going to happen so you should wait for it to happen and then buy at $14,200-$14,900. You are asking for our advise but it seems you have the answer already.

Just don't be emotional and don't FOMO and used your knowledge, in this case your technical analysis and see when to enter, best of luck to you.