With Bitcoin breaking out of the Wedge toward the negative we have a great opportunity to buy more BTC at a discount, if you remember back a few days ago I told you all I sold a few Bitcoins to look to buy back in when it dips, and here we are.
I do not always make great moves but in this instance I think I made the right move (well I could have sold more Bitcoin a bit higher and could now be buying more Bitcoin cheaper now but at least I was able to get some at a discount. With the Death Cross now in progress Bitcoin price might continue to fall offering an even better discount.
Now while Bitcoin dipping might seem scary, and as I explained before this is a good discount. On the other side of things the RSI index has been the best indicator of Bitcoins movements, when Bitcoin was over bought, it tanked, when Bitcoin was oversold, it Spiked and now it is over sold! While I can not predict the future I believe Bitcoin will rise again and it will go higher than ever. The RSI has never been wrong on Bitcoin and right now it is signaling a run up, last time this happened we got to a little over 12,000 before Mt. Gox Trustee started dumping his Bitcoin.
FYI I do not just talk the stuff, I am heavily, heavily invested in Crypto, like 30% of my annual Salary invested and while it is down like this, I am seeing lots of red, however I am adding while it is red, not panic selling and I will ether be rich when it rises, or be poor if it fails. Thought 5 souls depend of my finances I am still cool, calm and collected, the only reason being, I believe in Block Chain and I do not see a future without it. Bitcoin is the proof of Block Chain and as such will be included in this future. I believe in Bitcoin, SegWit and Lightning Network.
I am not a financial advisor and this is not financial advice, invest at your own risk.