Hello traders. BTC/USD looking like it is about to correct, based on it's performance in 2017.
In the daily chart, we can see that bitcoin has a dip-dip period of around 2 months. In the chart, this period is shown by the horizontal purple line.
If we apply this period to the near future (next week or two) we should be expecting a major correction.
Strong support around 8-9k levels, though I believe it will not dip that low.
If the correction occurs, we should be dollar-cost averaging within the green eclipse shown in the graph.
"BUY THE DIP"
Good luck! :)
In the daily chart, we can see that bitcoin has a dip-dip period of around 2 months. In the chart, this period is shown by the horizontal purple line.
If we apply this period to the near future (next week or two) we should be expecting a major correction.
Strong support around 8-9k levels, though I believe it will not dip that low.
If the correction occurs, we should be dollar-cost averaging within the green eclipse shown in the graph.
"BUY THE DIP"
Good luck! :)