Hi friends, looking at the 4-hour chart we see BTC heavily falling down several support level for the past hours.
We have to watch out now if we can get support at 7800 or 7200 when we fall under this levels it wouldnt be good at all and we could enter a bear-market again.
At all we can say 2018 isnt a bull year.. We had the heavy bull-run last year and whats the price now doing is to recover from the buying pressure last year.
For people who want to invest in BTC or just traders who are trading the mid to long term i would recommend buying in some months when we see the final bottom.
Why do i say this? I do not think we reached the bottom with the 6 K and 6.5 K low. We are looking for the bottom and it isnt already formed.
People who holding BTC from lower levels the last hours would be good to sell, also people who are in profit right now, it isnt a bad time to sell now and coming back in some weeks/months when BTC formed the final bottom.
All can happen, we could also see higher levels but for me it is really unlikely.
So make your decisions and have fun with your trades. To have fun with trading and investing is the main thing!
We have to watch out now if we can get support at 7800 or 7200 when we fall under this levels it wouldnt be good at all and we could enter a bear-market again.
At all we can say 2018 isnt a bull year.. We had the heavy bull-run last year and whats the price now doing is to recover from the buying pressure last year.
For people who want to invest in BTC or just traders who are trading the mid to long term i would recommend buying in some months when we see the final bottom.
Why do i say this? I do not think we reached the bottom with the 6 K and 6.5 K low. We are looking for the bottom and it isnt already formed.
People who holding BTC from lower levels the last hours would be good to sell, also people who are in profit right now, it isnt a bad time to sell now and coming back in some weeks/months when BTC formed the final bottom.
All can happen, we could also see higher levels but for me it is really unlikely.
So make your decisions and have fun with your trades. To have fun with trading and investing is the main thing!