The cool part about all this move downwards is everyone that follows my TA was completely expecting it after touching key regions.. either the 7800 where we broke the downtrend or 8400 and we chose the higher and reversed from there.
Nobody that follows was expected a bullrun quite yet as they know what has to be fulfilled🔥
There are a couple things to look for on bitcoin right now.. contrary to what is now popular belief we are STILL on an uptrend. as we have never retested the uptrend line after lifting off from it but now as I said on my last post (soon soon) we are getting very close to that line.
Last time we hit the 7300 region it was a strong resistance, now I’m expecting it to be a good support as well for a side to side move while it crosses with the overall uptrend.. then we will have the move that will decide if we are on an official downtrend or not. After which we have targets outlined to fall right into.. just like the targets on the way up.
Composure is needed in this market, take it easy.. breath crypto is being intergraded all over our world today. “Is it a good time to buy” to me it always is.. a solid trading strategy is important and so is discipline.